A guy at work has had issues with finance in the past so has approached a couple of lenders at the same time to seek pre approval. He's not confident of finance so is trying two lenders to see if either can help him. I guess this happens a lot, but what happens if they both approve him? Would having had checks with the lender that checks first affect his credit rating when the second one looks at his finance? Can he get pre approval with both and then choose the one that offers the best deal? Just curious how it would work out, and if it could be detrimental as I've considered approaching lenders directly myself (not currently as I've found a great broker). Trying to understand the pitfalls though.