Once the report is retrieved, the borrower should review it for inaccuracies. Inaccuracies make up a large percentage of individual low scores. Once corrections to the report have been made, lenders should be contacted for rate quotes. As long as the score doesn't change by the time of closing, the quote will remain valid. Home equity loans for bad credit borrowers should not shop around for quotes by having each lender pull their report. The report score will decrease by one point every time a lender pulls it.