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URGENT When shopping for a personal loan, why is it important to limit the amount of loan applications you submit?
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URGENT

When shopping for a personal loan, why is it important to limit the amount of loan applications you submit?

User JeffHeaton
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Just trying to get message unlocked ya feel
User Chris Townsend
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Answer:

When shopping for a loan, do not submit too many applications. Each time you submit an application, the lender will do a hard inquiry on your credit score. Having too many hard inquiries at one time will negatively affect your credit and raise your interest rate.

Step-by-step explanation:

User Lagina
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