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A Common Misconception About Credit
A common misconception about credit scoring is that multiple mortgage inquiries will negatively impact your credit score. Inquiries within the same industry such as the mortgage industry within a 30 day period are counted as one credit inquiry. Factors such as recent delinquencies, credit card balances close to their limit’s, or a limited credit history have much more impact on credit scoring. The major credit agencies have this information posted on their web sites.
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