Looking to take out a personal loan for 15,000. Have excellent credit and should be able to get a great rate. How do I shop around without having my credit run too many times?Probably a stupid a question because I assume you can't be told what the rates are until they run your credit, but I'll ask anyway.

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Posted by swanny297

NELA

Member since Oct 2013

2189 posts

Posted on 7/30/17 at 8:17 am to SelaTiger

If you know what your score is they can tell you a ball park rate if you call around.

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Posted by Slevin7

Member since Sep 2015

1952 posts

Posted on 7/31/17 at 3:14 pm to SelaTiger

I believe you can have your credit checked numerous times within a specific window of time and it basically counts as one ding. (I think its a month-loan officer can probably tell you) Otherwise how could you reasonably shop things like a home loan etc

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Posted by Polar Pop

Member since Feb 2012

10747 posts

Posted on 7/31/17 at 3:32 pm to SelaTiger

Check online with Lighstream. The lowest my credit union would go on a personal was 9.1 and I got it for 4.3 with lightstream.

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Posted by hawkeye007

Member since Feb 2010

5839 posts

Posted on 8/1/17 at 3:42 pm to SelaTiger

interest rates on personal loans at banks are hard to get under 8% even with good credit.just an FYI

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Posted by bigbuckdj

Member since Sep 2011

1829 posts

Posted on 8/1/17 at 8:04 pm to Polar Pop

quote:
Lighstream

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Posted by JetFuelTyga

Born in desert,raised in lion's den

Member since Feb 2016

1785 posts

Posted on 8/1/17 at 10:04 pm to SelaTiger

I also believe just checking rates is only a "soft" inquiry and this will not effect your credit score. Some of the credit bureaus do not even present the soft hits on your report.

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