 I can't get a bank account and i've started a new job...help please xx? |
ok i've been trying to open an account for months and I can't, i've only been applying for basic accounts.
I start my new job and they are asking for bank details.
I'm ... |
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 Could it be a fraudulent website? |
| I bought cheap cigarettes from a website before christmas. I couldnt put my finger on it but got a feeling something wasnt quite right. Anyway I still havent recieved them. I contacted them twice &... |
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 I need a credit card? |
| so what should i know before getting one? I need one with like a limit of 500 or something....any advice?... |
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 Cash vs credit card? |
| do we save more shopping with cash or credit card? from what i notice.. sometimes when i shop with credit card.. they charge me with some transaction fees.. but on the other hand.. they also give me ... |
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 I found a credit card and if I use it, how much trouble will i get in? |
| i found a credit card and if I use it, how much trouble will i get in? im at walmart and i find a credit card and take. i leave walmart and me and my friends decide to take 1000$ out. should i do it?<... |
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 How much will co-signing a loan affect my credit score? |
| This is for our daughter, we have no problem co-signing as she is extremely responsible and cares as much about her credit as we do ours. We have an excellent score...799...but she is consolidating ... |
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 Math problem-help me solve? |
| An employee worked 40 hours at his regular rate of $5.00 per hour. He also worked 5 hours of overtime at a rate equal to 1-1/2 times his regular rate. How much did he earn this week? ?... |
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 Can a collections agency take money directly from my bank account without notification? |
| I defaulted on my credit card with my bank. They passed the debt onto a collections company. Just this week I received a sum of money left to me by a deceased relative. As soon as the money cleared ... |
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 Is it worth taking the risk and not paying, or will I get sued? |
| I earlier had posted a question about my CPA charging me $450 to do my taxes. Price was not discussed beforehand because a third party was paying for it in the past, so it was not a concern of mine. ... |
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 Very bad credit, any chance of getting an apartment? |
| Ok, we have bad credit. We have both been unemployed recently due to company shut downs,(yay Michigan) and have gotten behind on credit card payments. My husband just got a great job offer in C... |
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 Unsecured bad credit personal loan? |
| How and where to contact an honest, reputable, private individual NOT a bank, as soon as possible, to secure a loan to repay with interest. Prompt response is appreciated. Thank you in advance for ... |
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 I have a credit card I can't pay off. I don't care about my credit score. What can they do? |
I live in Texas and there is no wage garnishment laws here.
I know they will destroy my credit score but at this point I don't care.
Is there anything else they can do to ... |
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 Has anyone tried the credit cards for people with bad creit, if so are there any good ones out there? |
| has anyone tried any of the credit cards for poor credit, do they work and what problems has anyone had with ... |
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 How do I re built my credit? |
| i am 21 years old and have a credit score of 600, is there anything i can do to improve it?... |
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mcchopstixndamix | Is it a fact that checking your credit history decrease your score or effects it? if so fact or myth.? |
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Michelle S
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The only thing that affects your credit score is when a creditor at your request pulls your credit report, such as when you apply for credit, or when you don't pay your bills on time or at all. |
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Reaper King
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yes and no. there are two kinds of credit inquiries; soft and hard. when you check your credit from someplace then that is considered a soft hit. you can check your own credit regularly like once a month for identity theft, proper reporting etc.
when you get a car loan, home loan or even a cell phone, those are considered hard hits which will drop your score by a small increment (stupid isn't it?) there is no safe amount to have these hard hits. even two three times in a year is considered too many times according to the bureaus. so about 99.9% of the population will have some sort of "too many inquiries" on their credit report.
ALSO: when you check your score, it will be different than when a mortgage company or dealership checks it. reason being is that when you check your own score, there is just the normal scoring model used to determine the score. it is a generic model that simply calculates timeliness of payments etc. when other people like dealerships or mortgage companies check it, they use different scoring models in determining your score so it will actually be lower than when you checked it. don't be too surprised by this phenomenon. |
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lyn
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THAT'S WHAT I WAS TOLD. IF YOU CHECK IT TOO OFTEN THAT SENDS UP A RED FLAG. |
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~carmie~
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Every time a company checks your credit report/file it will leave a "foot print" on your file, and once other companies/creditors see many foot prints it looks like you are trying to over extend yourself, or you cannot keep up or manage your own current credit standing. |
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kamsmom
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that is a myth...if creditors check your account that does make your score go down. Get a free report here.
https://www.annualcreditreport.com/cra/index.jsp |
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Phil O' Brien
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It is a myth. Checking your credit report only involves what is called a soft inquiry which your creditors don't see if they check your credit report and it has absolutely no affect on your credit score.
Anyone who says otherwise doesn't have a clue what they are talking about.
Edit: After reading some of the other responses I'm perplexed why so many ignorant people feel compelled to spread their ignorance. |
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JBarleycorn
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I don't think so - but having a lot of inquiries on your credit report because you applied for 20 credit cards recently might effect it. Everyone in the US can get a free report annually from each credit bureau now (w/o any affects on your score). |
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schua33460
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yes, it is a fact. i just bought a home and the mortgaging bank, condo assoc, realty company, and title company all poked into my credit. it dropped my score by 12 points. i complained to the bank about this and they said they knew this happens, but they also said that if all the inquiries are related to buying the home, then the credit score only drops once if the inquiries are within a 30 day period. companies offering you credit cannot get all the way into see your full credit history, so they don't affect your score, unless you choose to accept their offer and they then check the full history with your written permission.(which drops your score again) |
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honiebyrd
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I have heard that it does |
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mac
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Myth- YOU can check your score as many time as you want- it is called a blind inquiry- meaning it does not show on your actual credit report that is sent to anyone you have given permission to check your credit. What I think you are referring to is, and I stupidly did it, I was looking for a cheaper car insurance policy and they check your credit- so I went to Progressive and as they advertise they quote 5-6 companies-- well, there were 6 inquiries on my report- and they STAY on the report. Also, everytime you apply for any type of credit, that inquiry will be on your credit report and they affect your credit score. |
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JJ
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True |
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kmodek
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Too many inquiries can actually have a negative effect on the way it's looked at. |
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INACTIVE
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it's a LAW that you are entitled to view your credit reports from all three credit bureaus... and you should. I've seen many errors in the reports so pay attention to them. If a creditor cannot verify disputed information, it has to be removed. There is no reason to pay for your credit reports but those 3 bureaus are in a business so watch out for that credit monitoring service and other offers. I prefer to write to the three bureaus and keep copies of all correspondence. It takes time but worth it. |
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Katfish
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yes if you have too many inquiries in a short period of time it will not look good..it will make your score decrease.. |
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Tea-Jay
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The more your credit is check it shows up on your record. |
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