Honest Finance's video: Does Refinancing a Loan Hurt Your Credit Score

How does getting a new loan affect your credit score? Watch more loan videos: https://www.youtube.com/watch?v=C3ma_enSYm8&list=PLOmIpJDqCR-Kkqklbt4pRpcL7LnLZgNfl If you've ever wanted to refinance a loan, but you were concerned about having your credit pulled, don't worry because It's always better to get a better rate and save money. Your credit score is affected slightly whenever you have a hard credit check, but it'll always rebound back up if you're doing everything you can to help your credit score. If you want to refinance or get a new credit card, go ahead and do it. The entire point of having a credit score is to be able to borrow money at a more affordable rate. The better your credit score, the more likely you are to borrow money with the best interest rates. --------------- Robinhood Free Stock with Sign Up: ► https://robinhood.c3me6x.net/c/1359622/1156782/10402 Webull 2 Free Stocks (Up to $1,850) with ANY Deposit): ► https://bit.ly/hf_webull M1 Finance (perfect for IRA's): ► https://bit.ly/hf_M1_Finance Instagram: ► https://www.instagram.com/honestfinance/ Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research.