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Loan Inquiries Shops...Are They a Headache?

December 01, 2025 01:32PM
Loan inquiries across multiple websites! Are these easy or a pain in the neck?
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December 01, 2025 02:11PM
Do you mean the one with SeeLevel? I have done quite a few different loan shops, but that one only once. It took me a little over 3 hours, nose to the grindstone, and I didn't have a learning curve. If you aren't experienced with loan shops figure 4 hours plus, then decide if it is worth it to you. You really have to pay attention to detail and just understanding the guidelines will take a good chunk of time.
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December 01, 2025 02:23PM
Having done it once and now being eligible again (once every 6 months), I will consider it if it becomes bonused. Too many lenders for the base price especially considering Curinos pays double that pay for each lender.
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December 01, 2025 03:11PM
Fire,

As Jazzy posted and I agree, Curinos has, by far, the highest pay for loan applications. If, though, for any reason you are unable to work with Curinos, the Canadian MSC offering those shops is reputable. I have been contracted with them for almost 20 yrs, and have never encountered a problem. Unfortunately for me, their pay scale is usually, but not always, below my minimum.
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December 02, 2025 01:22AM
I think the biggest headache is the 4+ daily emails from Jen Gunter insisting that today is THE VERY LAST DAY EVER! these loan inquiry shops will be available. I'm sure she is great, but apparently someone told her to send the same email multiple times a day and that will be the trick...#makeitstop!
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December 02, 2025 06:04AM
Jen Gunter is a good scheduler, I do stuff for her regularly and we've never had a problem. I don't do loan inquiries mostly because I don't have good credit. But I would if they were bonused enough and would let me use my current credit score..
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December 02, 2025 01:09PM
@Morledzep These say 621-660 FICO.
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December 02, 2025 11:16PM
Fire, yep.. my credit isn't that good. I didn't use any credit for a VERY long time, I only paid cash for what I needed, including the land that I own. But being retired and having my sole form of income being mystery shopping for nearly 12 years put a hitch in my getalong. And when my POS Jeep died I had no choice but to finance a replacement vehicle. So I'm currently paying $$$ in interest, on an extra long payment schedule for a car that is only worth about 3/4 of what I owe. I'm going to refinance it right after my credit score goes over 600, and yes, I'm watching it closely. Then maybe I'll be able to do those shops and make a few extra $$ too.
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December 03, 2025 02:47PM
The the email advertisements for these shops say that they take about 2 hours. Is that accurate or are they being dishonest?
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December 03, 2025 10:33PM
@thunderdeacon wrote:

The the email advertisements for these shops say that they take about 2 hours. Is that accurate or are they being dishonest?

I have always seen the time quote listed as 2.5 to 3 hours. I mentioned above the one I did took over 3 hours and I have a lot of loan shop experience. On a FB group a new shopper was posting about already being 4 hours in and still was only half way done. Depending on your familiarity with this type of thing I can see it being disastrous for many. There is a reason she is begging every day….
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