Credit Report Readiness
Applying for a loan without checking your credit report is like walking into an exam without knowing the syllabus. Smart borrowers know the outcome before they talk to a bank.
- Soft vs. Hard Inquiries: Checking your own score has zero impact; but every time a bank checks it, your score can dip.
- The “Zombie” Loan: Errors like closed loans showing as “Active” or stranger’s defaults appearing on your profile can cause instant rejection.
- The 45-Day Rule: It takes 30 to 45 days to fix a report error, so start your audit at least two months before you need the money.
Watch this video to learn the 5 non-negotiables you must check before your next loan application.