A company pulling your credit does not harm your score. Only excessive hits on your credit will harm your score. If that was true then shopping around for a mortgage or car loan would crush your score. Not the case. I sold cars and it was common to see 3 to 5 hits from different finance companies while people shopped. If you're shopping for a mortage through a company like Lending Tree many companies may pull your credit.
4. Too many inquiries hurt my score.
Once upon a time, this statement was true. But get with the times -- in this millennium, the credit agencies recognize a shopping mind-set when they see one. If a batch of mortgage or car loan inquiries arrives within 30 days, it doesn't count at all, Watts says.
"Outside that 30-day period, if we locate a mortgage or car inquiry that occurred 180 days ago, and then see more mortgage- or auto-related hits in the accompanying 14-day window, we err on the consumer's side and still assume she's shopping for one item," he says.
"We really feel like we are capturing the true consumer experience and not holding it against them for being an aggressive or smart rate shopper