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joeglow3

(6,228 posts)

27. Yeah. He went from 100% perfect score to the only person 100 points below the minimum.

Reply to Justice wanted (Reply #18)

Mon May 7, 2012, 04:33 PM

May 2012

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What you may not have known about Credit Checks and Credit Ratings. MUST KNOW AND SCREAM ABOUT [View all] Justice wanted May 2012 OP

credit pulls FOR CREDIT are different than other credit pulls. unblock May 2012 #1

They aren't suppose to affect your credit but what I've been hearing is that they are affecting Justice wanted May 2012 #2

that sounds like a company lawyer's response. unblock May 2012 #4

I do understand what you are saying that it isn't suppose to affect credit but I'm saying companies Justice wanted May 2012 #7

i agree that credit scores are chock full of errors and the accuracy standards suck unblock May 2012 #8

This is why I posted this. Credit checks shouldn't affect people but they are. Credit Reports Justice wanted May 2012 #10

yowza, hope all the medical problems are behind you. unblock May 2012 #28

Thank you. Justice wanted May 2012 #29

I was talking to a mortgage guy ashling May 2012 #9

Credit scoring isn't that black and white. Ruby the Liberal May 2012 #3

Yes, I realize late payment and missed payment affect credit BUT The first example I gave of my Justice wanted May 2012 #6

Sorry, but there is no possible way a FICO score would move 650 points due to inquiries. bluesbassman May 2012 #11

He can't image what else other than inquieres did that. He was always on time with payments-usually Justice wanted May 2012 #16

Something is certainly wrong then. He should contact the Credit Bureaus to investigate. bluesbassman May 2012 #22

A judgement against him, perhaps? Stargazer09 May 2012 #80

I had a foreclosure and owe a CC company about $1000.. tridim May 2012 #70

i'll agree that credit pulls for employment is a poor boss's crutch. unblock May 2012 #13

unsolicited credit offers ashling May 2012 #12

unsolicited lenders are allowed to use a limited credit pull that doesn't affect your score unblock May 2012 #15

You have the right to block them. Ruby the Liberal May 2012 #26

I'm not talking hundreds of points, ashling May 2012 #33

Sorry - was referring to the original comments Ruby the Liberal May 2012 #36

What's the saying, if you owe the bank $150,000 they own you, ashling May 2012 #43

Yeah, it is - and when you have that kind of cash Ruby the Liberal May 2012 #55

You can go to the FTC website and opt out of unsolicited offers. Fuddnik May 2012 #40

I'll certainly follow up on that, ashling May 2012 #46

double kick!!! Liberal_in_LA May 2012 #5

Great bullshit post joeglow3 May 2012 #14

I AM NOT MAKING THING UP! Justice wanted May 2012 #18

Yeah. He went from 100% perfect score to the only person 100 points below the minimum. joeglow3 May 2012 #27

No, but this story is wrong or missing MAJOR details REP May 2012 #62

"I AM NOT MAKING THING UP!" A-Schwarzenegger May 2012 #77

No fair! sibelian May 2012 #83

I will gladly A-Schwarzenegger May 2012 #86

I agree guardian May 2012 #32

My understanding is that all 3 use the same basic FICO model joeglow3 May 2012 #37

I think there are some differences. guardian May 2012 #42

While the poster, or the poster's friend, obviously got the numbers wrong, Egalitarian Thug May 2012 #50

We know the poster was discussing the impact of credit checks joeglow3 May 2012 #87

There is a woman Control-Z May 2012 #17

hmmm, Maybe this is something my friend should into if someone has a name similar to him OR Justice wanted May 2012 #19

I hate seeing threads like this that spread misinformation. slackmaster May 2012 #20

I am not misinforming people. Your credit score is affecting you more than you THINK! Justice wanted May 2012 #21

I am sure my credit score impacts much more than I am aware of, bighart May 2012 #24

I'm very well aware of how Bank of America has messed up my credit scores through false reporting slackmaster May 2012 #25

The story you're telling is missing details and is wrong in others REP May 2012 #64

That is not how credit scores work. First there is a difference between hard and soft credit checks WhollyHeretic May 2012 #23

I have no data to back this up but I strongly suspect that credit ratings are jimlup May 2012 #30

Not Capitalism. The problem is Fascism. slackmaster May 2012 #34

Corporate and state rule magic59 May 2012 #82

I agree. There is also a very insidious use here as well Horse with no Name May 2012 #31

The OP is urban myth and hysteria guardian May 2012 #35

Pretty much. 850 score, for one, is suspicious; 850 to 200 from score being alone pulled is fantasy REP May 2012 #61

Divorce itself can be a major "event" that affects credit scores SoCalDem May 2012 #38

Hello Consumer Financial Protection Bureau bl968 May 2012 #39

Such a rule already exists. See § 614 of the Fair Credit Reporting Act. slackmaster May 2012 #44

If employers didn't find useful information, they would not pay to do the credit check FarCenter May 2012 #41

"irresponsible in one aspect of their life is likely to be irresponsible in other aspects" guardian May 2012 #48

and for financial companies, a good credit rating is an indication of "something left to lose" magical thyme May 2012 #56

Then maybe it would be wise for all potential employees to do a credit check blackspade May 2012 #57

That's a very good idea FarCenter May 2012 #59

Maybe not? guardian May 2012 #66

Well thanks! blackspade May 2012 #74

I don't disagree. guardian May 2012 #78

Nice job pissing on the working class there. Zalatix May 2012 #67

Your credit score is an indicator of how valuable you are to a creditor. rucky May 2012 #75

I imagine Bernie Madoff and Ken Lay had outstanding credit ratings... LanternWaste May 2012 #84

While I agree that Credit Checks are a Problem, OP is Incorrect on One Point Indykatie May 2012 #45

How about either requiring credit rating agencies to publicize their criteria Egalitarian Thug May 2012 #47

Their criteria are published and well-documented. Their specific algorithms are proprietary. slackmaster May 2012 #49

No they aren't. What is "public information" are vague guidelines with no specific Egalitarian Thug May 2012 #51

The courts have ruled that credit agencies and lenders CAN have private actions brought against them slackmaster May 2012 #53

I've been down that road myself, I can certainly understand your dilemma. Egalitarian Thug May 2012 #63

Bank of America is clearly in violation of the California Civil Code in my case, but I doubt... slackmaster May 2012 #65

I'm afraid you can "bank" on it. Too many of "our" representatives have made fortunes Egalitarian Thug May 2012 #89

The worst case for me is the fraudulent derogatory credit ages off slackmaster May 2012 #90

Orange Julius used to play for the 76ers. Major Hogwash May 2012 #52

I've often wondered why a credit check negatively affects the credit score. KansDem May 2012 #54

People who have made numerous application for credit are statistically a bit more likely to default slackmaster May 2012 #58

Thanks KansDem May 2012 #79

You don't go from 850 to 200 from having your credit score pulled REP May 2012 #60

I run credit ratings every day. The op is bs. NCTraveler May 2012 #68

YOU KNOW FOR ALL THOSE PEOPLE WHO CLAIM I AM TALKING OUT OF MY ASS I WILL TELL YOU Justice wanted May 2012 #69

I used to work Credit and Collections for SWBell. Credit reports don't work that way. REP May 2012 #71

RE post 69: "I AM TALKING OUT OF MY ASS" guardian May 2012 #72

Sounds like post hoc ergo propter hoc slackmaster May 2012 #76

This thread is exemplary of something I see often. lumberjack_jeff May 2012 #81

Its definitely a reflection of the power the private sector can wield. napoleon_in_rags May 2012 #73

I pay for monthly credit reports on myself mainer May 2012 #85

Get it out of employment...Period!! Left Coast2020 May 2012 #88