Originally Posted by
Analise
A lower credit rating increases the interest rate for mortgages, car loans, and any other loans. For a jumbo mortgage, that's $1000's. The greatest SIM card is so not worth it given the results.
No disrespect intended nor do I want to appear argumentative.....but if one's credit rating can be negatively impacted by a couple of credit checks, that would imply a bigger problem.
We all know credit bureaus are impossible to deal with and this is an issue best discussed elsewhere. But maybe a potential applicant might want to spend a few dollars to know what his/her current credit score is before applying for a mortgage or car loan.
IMHO
