This is a YouTube video titled "🚨 Comparing Quotes 🚨" containing a monologue or single-speaker explanation about how comparing lending options within a 45-day window does not negatively impact credit scores, emphasizing the benefits of comparing multiple loan quotes to save money. The content was created on April 26, 2022.
People are allowed to compare lending options and not be penalized by it. As long as the new lender looks at credit within 45 days of when the old lender looks at credit, there's no negative impact to that person's credit score. And by simply looking at or receiving a new quote doesn't mean the person throws out the current quote that they have from another lender. They still have that option in their back pocket. They are just now comparing another quote, allowing the new lender to compare apples to apples. This is when we usually see glaring differences between the rates and fees and we can really help people save.
