• givesomefucks@lemmy.world
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    11 months ago

    It’s not just one, it’s that credit checks are big factor in credit scores.

    Normally you get an infinite amount in a 2 week period as one check for when you’re shopping around

    If someone does one of these every other month, that’s 6 credit checks in a year. Even if you pay them all back asap, it fucks your credit up.

    And it’ll show as an open line of credit on your report forever. Which is normally a good thing, but it brings your average credit per account down which hurts you further.

    People do t know all that, and their fucking up their credit without knowing it. Then if they have to do a big loan for home/car/whatever, they get a worse rate