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Giving personal identifying info . . . to credit protection companies?
4wd:
It can be lowered each time your credit gets run - that's why one is cautioned against activity that might result in it being run (i.e. don't allow a financial institution to check if you qualify for a loan you are not serious about applying for).-Joe Hone (August 20, 2014, 07:53 AM)
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That's just retarded - asking whether someone is a good/bad credit risk shouldn't have any effect on whether they are a good/bad credit risk.
wraith808:
It can be lowered each time your credit gets run - that's why one is cautioned against activity that might result in it being run (i.e. don't allow a financial institution to check if you qualify for a loan you are not serious about applying for).-Joe Hone (August 20, 2014, 07:53 AM)
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That's just retarded - asking whether someone is a good/bad credit risk shouldn't have any effect on whether they are a good/bad credit risk.
-4wd (August 20, 2014, 11:49 AM)
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The reasoning behind this is that indiscriminately checking if you can get credit implies that you will get more credit than you can handle.
That said, there are some credit inquiries that do not trigger this.
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