[Cialug] PSA - Personal Security

[Jeff Davis]

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Inqueries when you apply for a loan, credit card, etc.
stay on your report for 24 months, and those do affect
your credit score. Requesting your credit report won't
count against your score and shouldn't show as an inquery.

BTW, the inqueries do print out on the report so a lender
can see who else has pulled your report.  Typically it
doesn't matter, but you're shopping around for a car loan
and you've been to 4 places it will have a negative hit
on your credit score.  However, they will be able to see
that it's because you've been to 3 other car dealers
in the last week.

BTW, a co-worker was 'saved' this last year (using LifeLock,)
when someone tried to open some accounts and pull money out
of his bank accounts.  So if you're lazy a service such as
that can help give you peace of mind.

- -Jeff


David Champion wrote:
> There are various financial services where you may be able to get free
> credit reports run. Check with your bank / credit union / mortgage company.
> 
> I agree with what Josh said - that checking your credit report too much
> affecting your credit rating is a fairy tale that shifty lenders tell to
> keep you in the dark.
> 
> When I got my first big loan many moons ago, they wouldn't even let me
> look at my credit report even after I asked - he said he'd get fired if
> he let me see it. Last car loan I got, my CU loan officer ran one and
> handed it to me without me even asking.
> 
> -dc
> 
> Nathan Stien wrote:
>> On 10/18/07, John Lengeling <John.Lengeling at radisys.com> wrote:
>>> I refinanced my house about 10 months ago and the mortgage company said
>>> that your credit score goes down X points every time you request a
>>> credit report.
>>>
>>> Anyone here about this?
>> Contra that, I heard from a friend of a friend that there is a WaMu
>> credit card you can get that lets you check your report "for free" as
>> much as you want.  Anyone know about *that* one?  Cursory googling
>> didn't turn anything up.
>>
>> - Nathan
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> 
> 
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