Square Loans affected by other loans

Does anyone know if having a loan out with other lenders affect future loan offers?

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@Kiwismom wrote:

Does anyone know if having a loan out with other lenders affect future loan offers?


If they are all current and in good standing, then it shouldn't play a role in the eligibility of the loan no.  IF they are past due/leins, hit your personal credit report then yes it could play a part in future offers.  Maybe not for eligibility but possible get flagged and manual reviewed. 

 

 

Dan
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