Splat dot Splat
@microworld.com | reply to bistro777
Re: Slightly OT - Credit Reports
If you go shopping for car insurance they do a credit check even if you are going to pay cash.
This has bit people so many times the state of Utah is contemplating laws against it. |
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bistro777
Donuts-Is There Anything They Can't Do?
Premium
join:2002-02-07
Englewood, CO
| reply to pnh102
Their reasoning, I think, is it appears you suddenly need credit lines (whether home equity, credit card) for reasons that might include job loss, illness, etc. - with the potential risk of not being able to repay, especially, any unsecured credit lines.
I agree it sucks that this impacts your status in the eyes of lenders, especially in cases where you're "rate shopping" for a loan or where credit checks are run without your explicit consent. (That the crux of the whole opt-IN v. opt-out argument in the link I posted from the Electronic Privacy Information Center.)
"I have been battling something I cannot win and I am withdrawing from the field with honor." -- - actor Roddy McDowall shortly before his death in 1998 |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
 ·Comcast
| reply to bistro777
said by bistro777  :
So to give anyone, Comcast or your paperboy, the right to do this with your personal info, can certainly harm your perceived credit worthiness.
Thanks for the information. Although the reasoning still makes no sense to me... if your credit record is clean, it just shouldn't make any difference how many creditors see it.
But other than that, its too bad you can't bite those people who look into your credit report back in the @$$.
--
Jewel got Britney-fied! There is hope for the world yet!
[text was edited by author 2003-07-02 14:56:33] |
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