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Updated over 10 years ago on . Most recent reply

User Stats

77
Posts
12
Votes
Derek Woods
  • Investor
  • Ashland, KY
12
Votes |
77
Posts

Credit Inquiries

Derek Woods
  • Investor
  • Ashland, KY
Posted

Hello BP!

I am about to close on my second MFR. I have some questions as I am pulling a LOC on the properties etc.

I have already located a local bank willing to take a second on my current properties. Hopefully will be moving ahead with that shortly.  

My question is how do you get past the credit inquiries and new loans killing your score.  I realize only %10 of your actual score is affected with inquiries, but as I move ahead in this game their starting to pile up. Along with new loans.

Is their anything that I can do to help this, as currently I have close to a 700 score from all three CRA's and is like it to continue to go up not down.

Thanks in advance.

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