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Old 08-14-2008, 10:44 AM  
farkedup
Confirmed User
 
Join Date: Nov 2007
Location: Kalamazoo, MI
Posts: 2,490
I wouldn't do it, if the guy has those kinds of assets he SHOULD be in the 800 credit score ballpark and a simple $20k loan won't hurt him. If he doesn't go through a loan broker and just goes straight to his bank they run his credit ONCE which doesn't really hurt your score more than 5 points max BUT they got his score from before that pull though. Unless he shops around or fucks something up his credit won't be affected. Possibly if he's had an insane number of credit checks the past 2 years it could be an issue but WTF is 1 more if he's already got a ton. I just watched TWELVE credit checks go off my record this summer all from 2 transactions where I allowed people to "shop around for the lowest rate" from back when I was rich enough to not give a shit.
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