Beware of Lendingtree.com! It affected my credit report negatively. I decided that I had good enough credit to shop for a low interest home equity loan through lendingtree and they did deliver many lenders willing to bid for my buisness.
However, what they failed to tell me is that my credit report was run countless times during and after I selected the best bank with the best rate for me. Low and behold it came back to haunt me when buying a car ect. My credit report has NO deliquencies, No late payments ever, perfect except for the amount of times my report has been run by creditors. I work so hard to always be diligent about my mortgage payments, since I bought my house 3years ago, Never, have I been late with a payment.
Now, I fell for a gimick that has probally cost me more then it saved me. My credit score fell from 750 to 686.in a split second! It's been years now with no change in my score reguardless of no more inquiries. Please watch out!!!
0 comments