Date:         Sat, 8 Feb 2003 13:52:07 -0500
Reply-To:     David Brodbeck <gull@CYBERSPACE.ORG>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         David Brodbeck <gull@CYBERSPACE.ORG>
Subject:      Re: Insurance - credit check
Comments: To: John Brush <jbrush@AROS.NET>
In-Reply-To:  <200302081722.h18HMTrB089478@mail.aros.net>
Content-Type: TEXT/PLAIN; charset=US-ASCII

On Sat, 8 Feb 2003, John Brush wrote:

> However, the big issue was created due to what the reports said was the
> damage to a credit rating by multiple requests.

I've always heard that only checks related to you applying to get credit
count against you. The reason is they have to assume they'll all go
through, and someone who has too much credit available is a poor risk.
(My parents had to cancel some of their credit cards to get a good loan
rate, once, even though none of them had much of a balance due.)

If you pull a report, you'll find an amazing number of people have
requested your report -- car dealerships, credit card companies trying to
decide whether to send you 'pre-approved' mailings, insurance companes,
etc.  These don't count against you.

             _ _
  __ _ _   _| | |  | David M. Brodbeck (N8SRE)              Ypsilanti, MI
 / _` | | | | | |  +-----------------------------------------------------
| (_| | |_| | | | @ cyberspace.org
 \__, |\__,_|_|_| "Everything is linear if plotted log-log with a fat
 |___/             magic marker." -- Mar's Law