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Credit Score in 95765 : Real Estate Advice

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Fri Jan 15, 2010
Steven Ornellas answered:
Hi "3ring",

Each time a credit report is pulled your scores will take a 5-10 point hit; however, if multiple lenders all pull your report within a 30-day window your score WILL NOT be affected (the credit-scoring algorithms understand people sometimes "shop" when looking for a mortgage provider).

Within the 30-day timeframe your credit score will not be negatively affected, by multiple “pulls”, outside of this window it will. Your actual scores are generated by looking back 24 months; however, dependent on individual underwriting guidelines, items that fall into the derogatory section (bankruptcy, foreclosure, etc.) of your credit report can influence an approval decision up to 10 years.

Best, Steve
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