Article View: misc.consumers
Article #5748Re: Effect of multiple credit inquiries on FICO score
From: David J. Grabiner
Date: Sun, 02 May 2004 23:48
Date: Sun, 02 May 2004 23:48
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2825 bytes
Stanley Cline <sc1-news@roamer1.org> writes: > On 02 May 2004 10:45:02 -0400, grabiner@alumni.princeton.edu (David J. > Grabiner) wrote: > > >mortgage inquiries in a short time as just one inquiry. The logic is > >that if you apply for six mortgages or six auto loans, you are not going > >to buy any more houses or cars than if you applied only once. > > Beside the tendency of people to rate shop for car and home loans, > buying a car or a home tends to result in multiple inquiries no matter > what. For car loans, dealers often run credit reports while a > potential buyer is out on a test drive, resulting in an inquiry even > if the buyer walks away from a deal and doesn't actually apply for a > loan or has pre-approval from a non-dealer lender I wouldn't give my SSN to the dealer to make this inquiry possible if I had no intention of financing with the dealer. (Giving the number may be unavoidable in some states in which the SSN is on the driver's license, but it's still an unauthorized inquiry.) -- David Grabiner, grabiner@alumni.princeton.edu, http://remarque.org/~grabiner Baseball labor negotiations FAQ: http://remarque.org/~grabiner/laborfaq.html Shop at the Mobius Strip Mall: Always on the same side of the street! Klein Glassworks, Torus Coffee and Donuts, Projective Airlines, etc.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 107518,c45e1e130fd48e3f X-Google-Thread: 106595,c45e1e130fd48e3f X-Google-Attributes: gid107518,gid106595,public Path: arc1-ca.pugleaf.net!controlnews3.google.com!news1.google.com!news.glorb.com!border1.nntp.ash.giganews.com!nntp.giganews.com!local1.nntp.ash.giganews.com!nntp.comcast.com!news.comcast.com.POSTED!not-for-mail NNTP-Posting-Date: Sun, 02 May 2004 18:48:14 -0500 Sender: grabiner@ROTA Newsgroups: misc.consumers,ba.consumers Subject: Re: Effect of multiple credit inquiries on FICO score References: <309e7c98.0402121704.2789b879@posting.google.com> <P%Tkc.26$pJ4.1651@eagle.america.net> <hqu8905rn35agbfminum4bgq2ksn8ksm8p@4ax.com> <ufzaiubv5.fsf@alumni.princeton.edu> <oi6a90t1fbavbpr6a6vki7pgl9f0b6go5a@4ax.com> From: grabiner@alumni.princeton.edu (David J. Grabiner) Date: 02 May 2004 19:48:22 -0400 Message-ID: <usmeifl15.fsf@alumni.princeton.edu> User-Agent: Gnus/5.09 (Gnus v5.9.0) Emacs/21.2 MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii Lines: 26 NNTP-Posting-Host: 68.54.86.138 X-Trace: sv3-FuXTxQeOVLVItJ4+CzWvKAbU3abWPHUY09QiPRHHYgi6uRI6rtQyE5QWPodBF3JtZCOcmwrGiuR9OzD!Qou6n588OxpyHiDQuqMXcjhGY1dkkalh/0iiyV+1gZkkMZqkk57n+gqXgh9D X-Complaints-To: abuse@comcast.net X-DMCA-Complaints-To: dmca@comcast.net X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.1