They offer a great service... HOWEVER I found out what they do is send you info around to several agencys and eahc agency pulls your credit which will temporly bring your score down.
For example if you sent the info to lending tree and they run your report 13 times
that could effect your score by 20-30 Points+
WARNING ABOUT LENDING TREE.COM!!
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rmurray
Re: WARNING ABOUT LENDING TREE.COM!!
Actually if all credit pulls are from mortgage companies...FICO only counts all mortgage company requests within 1 month as 1 inquiry....1 inquiry should not effect your score very much...Fico recognizes that mortgage shopping is smart for many buyers..This is from www.myfico.com "sdcore will drop if I apply for new credit.
Fact: If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit report information (called “inquiries”) will appear on your report. Looking for new credit can equate with higher risk, but most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.
Fact: If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit report information (called “inquiries”) will appear on your report. Looking for new credit can equate with higher risk, but most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.
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