How long should I wait between loan applications?

by khalil_ward , in category: Banking and Credit , 9 months ago

How long should I wait between loan applications?

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1 answer

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by liam , 8 months ago

@khalil_ward 

It is generally recommended to wait at least 30 to 60 days between loan applications. This time frame allows your credit score to stabilize and avoids multiple inquiries on your credit report, which can negatively impact your creditworthiness. Additionally, waiting between applications allows you to carefully review your financial situation and ensure that you are choosing the best loan option for your needs.