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Nope, permission needed for credit check... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Fri, 12 Jan 2007 18:04:32 In Reply to: Re: Corellation not suprising to a credit pro.........., ursaw, Fri, 12 Jan 2007 14:42:10 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Every time you check someones credit score the score goes down slightly, so you darn well better get the consumers permission. Identification for credit is keyed to your social security number, no SS#, no permission. Perhaps your insurance company has some language in the application that grants permission or otherwise asks for your SS#. Credit info is private. Unauthorized access could have legal consequences.
Credit reports are scored. Without a credit report nobody knows what accounts you have. The effect of various kinds of accounts on credit scores is not intuitive and very difficult to explain, but here goes. Some one who has department store credit cards shows a degree of foolishness owing to the high rates department store cards charge. To some degree too many charge cards is a negative. The degree of negative impact is very small, but indeed a department store credit card is not a positive. At least that's my interpretation.
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