It may not be clear to you that your inquest does indeed leave a record in the inquest report, and that if there are more inquisitorials, it will have an impact on your loan application. If I search too much for my letters, can I still apply for a loan or even how do I operate it

There's too many letters asking how to borrow

For example, the number of letters that you have requested has exceeded the limit, but this does not mean that you cannot apply for a loan, and not every one of them has an impact on your application for a loan。

This was followed by letters of inquiry, including personal visits, credit card approvals, security clearances, loan approvals, protest enquiries, etc. Only the three categories of credit card approval, security eligibility review and loan approval have had a negative impact on your letters of inquiry, which are classified as “hard search”. Assuming that you have too many “hard inquiries”, the lending institution may find you in a poor financial position and have too many retroactive letters of credit and may therefore be reluctant to approve your loan。

However, please bear in mind that the requirements for the number of letters of inquiry may vary from one lending institution to another. For example, some banks may require no more than three “hard inquiries” within a month, or no more than six visits within a three-month period, or more difficult to grant loans if they exceed, but other financial institutions may limit “hard inquiries” within a month to no more than five and no more than 10 within a three-month period。

Therefore, if you have too many letters of reference, it would be wise to choose a lending institution that would be more easily corrected and would not need to overburden bank loans. Assuming that your “hard search” frequency is particularly high, and even all lending institutions are concerned, you can consider applying for mortgages or secured loans, both of which require collateral or guarantors, so that even if your letters are frequently consulted, there is a certain likelihood of successful application。

Inquiries can be divided into three categories: personal inquiries, which usually do not have to worry about the number of times, but an additional payment of $10 each is required if the number of sub-linee searches exceeds two; category II is a neutral inquiry, which is usually used to manage loans, assess debt risks and have a small impact after the success of a card or loan by a financial institution; and finally, a “hard search”, which, if too many such enquiries have a direct impact on your credit score。

In general, a comparison of these three letters-inquiries shows that there are too many “hard-inquiries” that directly affect loan applications. While not leading to a firm rejection of loans, it does make them more difficult。