Will Application For Several Student Loans Be Extra Bad For Credit Score
Hi. My son will be a freshman in college this coming fall and we are working on his private loans. Quick question, will applying to multiple banks for the loans to find out the best rates/terms hurt my credit score more than just a single application? All will be hard pulls. Or, is this like an auto loan where multiple applications during a 30 day or so period only negatively effect scores the same as a single hard pull?
Also, besides Sofi and Sallie Mae, what are the best other options out there? Pluses and minuses of both Sofi and Sallie Mae. Ok, not so quick!