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Just screw up your credit and declare bankruptcy.
That'll end the credit card offers.
What the frack is the deal with these guys? I get something in the mail from them at least 3 times a week. For someone who hates junk mail, they are the Anti-Christ.
They should change their slogan to "What's In Your Mailbox?"
Just screw up your credit and declare bankruptcy.
That'll end the credit card offers.
Or opt-out...
1-888-5OPT-OUT. Call that number to get rid of all those offers. Plus, when companies can see your credit scores via pulling your credit, it lowers your FICO score.
www.creditboards.com
2nd best website on the net.
Capitol one loves me too. I must get several a week.
Those are just preaprovals based a lot of factors. They don't always have access to your credit report.
True, but opting out makes sure nobody can see your scores, because a credit pull lowers your score.
They lower your score just by looking at it?
The more inquiries on your credit make it seem like you're over-extending.
I don't know if it actually lowers your score but I do know too many inquiries is a bad thing.
Yes, an inquiry will lower your score and not 1 point like people think. Depending on the type of inquiry you score can drop 2-6 points and recovery time differs depending on various factors. Anything over 8 inquiries a year is considered excessive and can hurt you further.
This is why its a million times better to use your own bank to secure loans for vehicles, boats, RVs and so forth. I can't even begin to tell how many times I've had a compe or( head salesman) get ahold of a customer with great credit only to shop them to 20 different banks lowering their score enough to make it nearly impossible for this person to buy from anyone else. Oldest salesman trick in the book. Its called shotgunning someones credit.
Happens a lot in the auto business. Lost of finance guys will do this if you are warm to the car but are definately not buying right then and there. This way over the next month or so no one could even get close to the initial rate you were offered there and if the car happens to sell the approval is still good and can be applied to a like vehicle.
This is what I mean when I say people are ignorant and don't listen. I try to teach people this everyday and it never fails time and time again people hand out their info to just anyone who asks for it.
Here you go, b2b - figured you'd want this.
Holy crap. Most useful information I've gotten all year.
Umm, there is a difference between a soft and hard inquiry...
Credit Viagra?
Exactly...
There is and that is exactly what I mean.
Checking your own credit won't hurt you. I pay the 15 bucks a month and get all three reports plus scores. Its worth it.
That made me chuckle....thanks.Here you go, b2b - figured you'd want this.
I do too. People wouldn't believe the garbage that is incorrect / inaccurate on their credit reports.
There's a lot of places to get a free credit report online. Everyone, by law, can check it once free per year. Either way, checking out your own report is always worth the $15/each. There are three main reports, and depending on who is checking what, they can and often do report different things for the exact same tradelines.
Does it matter where you live in the country?There's a lot of places to get a free credit report online. Everyone, by law, can check it once free per year. Either way, checking out your own report is always worth the $15/each. There are three main reports, and depending on who is checking what, they can and often do report different things for the exact same tradelines.
I know about the 3 main reports but someone recently told me that some cover East, some West.
I'd never heard that before, I thought they were all National.
Anyone know?
Does't work that way..
they are ALL national, but in some places you will find that 1 is favored by creditors over the other 2. They report to that one more often, adn they pull from that one most of the time. I know alot of palces around here will mostly use Equifax - but thats not 100% and you never know which one they will pull. So it;s best to keep up wiht all of your reports at all 3 agencies.
However when you make a major purchase (house) they will defiantly be pulling all 3 reports.
Thanks Obiwan!
Fortunately, though, if all of the inquires are from a certain type of lender ... primarily auto & mortgage lenders, in a relatively small time frame, it's very simple to call/write the credit agencies and have them removed, under the premise that you shouldn't be penalized for shopping around...especially for a major purchase. I had to get a bunch of them removed from when we were shopping for mortgages.
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