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Private Lending & Conventional Mortgage Advice

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  • Real Estate Investor
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Banker pulled credit 10 times, Viewing C&S amouts on report.

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  • Real Estate Investor
Posted Feb 3 2009, 01:36

A couple of random questions.

When a new banker pulls your credit, does it actually show the amount in the Checking and Savings accounts? I have a few (old accounts a couple hundred bucks) accounts with zero activity, are they listed as well? I can't remember...

We did eight deals last year. When one potential new banker viewed our credit, they said "why did they pull your credit 10 times"? This is for the entire year, but the new bank said we would've only pull it once or twice. Now we already had a line of credit (and a 25 yr. history) so why (basically once a month) would he pull it knowing it will lower our scores? No, this isn't a question I should ask them. This is small compared to a ton of unnecessary events all year long. However, I wonder how much damage did it do?

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