How to find out if I can get a loan?

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lorkat89
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How to find out if I can get a loan?

Postby lorkat89 » Mon Mar 18, 2013 11:13 am

Is there a way to see if I can get a loan, without getting a hard pull? A friend who I'm gonna be getting a place with in the near future wants me to see what I can get. But I have a feeling I won't be able to get anything at the moment. But I am curious. I just don't feel like putting a hard pull on my report when one day I would like to get a better credit card (one without an annual fee) and a house. I currently only have 1 hard pull (from when I got my current credit card). Because don't you have to wait till all the pulls are gone in order to get anything good?
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Terry
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Postby Terry » Mon Mar 18, 2013 12:09 pm

lorkat89 wrote:Is there a way to see if I can get a loan, without getting a hard pull? A friend who I'm gonna be getting a place with in the near future wants me to see what I can get. But I have a feeling I won't be able to get anything at the moment. But I am curious. I just don't feel like putting a hard pull on my report when one day I would like to get a better credit card (one without an annual fee) and a house. I currently only have 1 hard pull (from when I got my current credit card). Because don't you have to wait till all the pulls are gone in order to get anything good?



The first thing I would do is go to myfico.com and pull a credit report with score and take it to your bank and see what they suggest. With you limited credit history, you my need to get a co-signer for either a loan or credit card.
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Rina
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Postby Rina » Wed Mar 20, 2013 4:08 pm

Also, if it is a small enough enough institution that performs their own underwriting, you can call and ask them to give you an idea, based on what you know of your credit profiler. But for this and other scenarios (ie mortgages), nyFico is a good resource.
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