In looking to take out a loan for an RV, I’m going to want the lowest rate possible. I don’t know that the lender will provide a hard rate w/o having run a credit check on me. Would they? I can’t imagine they would.
If, after having thier check on me, I am not agreeable to the rate…I move on to another lender…etc..until I find a rate that is acceptable (maybe not because) are all these inquires going to hurt my credit rating/worthiness?
I haven’t taken out a loan since 2002( 4 yr loan for a car – paid back in 2 yrs); there should be no derogatory comments on file; no bankruptcy; mortgage from 2002 also…past 2 yrs been making double or quadruple mortgage payments; no late or missed cc payments …pretty boring stuff…FICO from my Discover card hovers in 800s – never going below….same story for the SO…although only 1 of us will be signing for loan.
Nobody can give you a hard rate when they don’t know what your credit score says.
You typically get a 1-3 month period where you can freely shop interest rates without it taking additional hits to your score. The credit companies recognize this, but it all has to be done in a short period of time.
If your score is in the 800s then you can just assume you will get the lowest possible rate. Look for dealerships that have advertised rates or interest specials. They are usually based on perfect credit and your credit is about perfect.
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