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One of the common worries consumers have is getting their credit pulled because they're afraid it's going to hurt their FICO. If you're shopping for any type of loan, be it a mortgage or a car loan, David says that FICO allows you a 30-day period to shop for a rate. So if the mortgage companies are pulling your credit within the 30-day period, it's considered as one inquiry.
Another great tip from David is if you have something in collections, it's better not to pay it off around the time you are doing any type of financing because it's going to be considered a recent view of derogatory credit by FICO which will affect your credit. The best thing to do if you were made to pay it off by the lender is to wait to the very end at closing time that way FICO won't be able to pick it up in time for closing.
They also talk about how the importance of the credit score, how to preserve it or how to pull up your numbers.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.