Getting pre-approved from multiple credit unions
May 4, 2014 9:18 AM Subscribe
I'm currently shopping for a new used car. Will trying to get pre-approved from multiple credit unions have any negative impact on my credit?
posted by ericthegardener to Travel & Transportation (4 answers total)
I visited a couple of credit unions in person this past week, and the exact point where your credit score puts you into a lower risk category seemed to be different for each. As I now continue my search online, the credit unions will list their lowest possible APR available on auto loans, but not what score you need to get it. I'd like to apply for pre-approval at multiple credit unions to see which will actually give me the best rate, but I don't know if multiple credit inquiries will somehow negatively impact my score. For what it's worth, I'm in Texas and my Experian score is at the low end of excellent.