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What does an inquiry for a loan do to my credit report?What does an inquiry for a loan do to my credit report?

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What does an inquiry for a loan do to my credit report?What does an inquiry for a loan do to my credit report?

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Each time you apply for a loan with a financial institution, they look at your credit report, and that inquiry goes on your report and will negatively affect it if there are too many inquiries within a short period of time.

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