Auto Insurance Service » brought http://jclewisinsuranceservices.com Tue, 22 May 2012 18:21:57 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Q&A: WHY IS MY CREDIT RATINGSCORE BROUGHT DOWN FOR GETTING CAR INSURANCE QUOTES? http://jclewisinsuranceservices.com/981/qa-why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/ http://jclewisinsuranceservices.com/981/qa-why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/#comments Sun, 30 Jan 2011 15:20:56 +0000 admin http://jclewisinsuranceservices.com/981/qa-why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/ Question by elags50:
Why is my credit ratingscore brought down for getting automobile insurance quotes?
I’m trying to get auto and renter’s insurance and I do not comprehend why my credit score is brought down because of this. Cannot they tell I am not our trying to get several credit cards or lines of credit or loans? How can this be dealt with and changed or stopped? If this is going to happen, how will my credit look in two years when I am ready to purchase a newer vehicle?


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Answer by jcmark4501
Why are they checking your credit? If you have a lot of credit checks in a row, most loan officers comprehend what you are doing and do not count that against you. Of cours,e if you have shitty credit, nothing will help you.

Answer by neanah_e
When someone runs your credit, you lose 4 points from the bureau they use. When several people pull your credit within a set number of days, it is assumed that you are shopping and you lose only 1 point for each search after the first one. So if, in one day, 6 companies pull your credit from Equifax, you will lose 9 points from your Equifax score.

Answer by idontknow
The inquiries should not bring down your score.

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]]> http://jclewisinsuranceservices.com/981/qa-why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/feed/ 2 WHY IS MY CREDIT RATINGSCORE BROUGHT DOWN FOR GETTING CAR INSURANCE QUOTES? http://jclewisinsuranceservices.com/75/why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/ http://jclewisinsuranceservices.com/75/why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/#comments Mon, 18 Jan 2010 14:43:22 +0000 admin http://jclewisinsuranceservices.com/75/why-is-my-credit-ratingscore-brought-down-for-getting-car-insurance-quotes/ I’m trying to get auto and renter’s insurance and I do not comprehend why my credit score is brought down because of this. Cannot they tell I am not our trying to get several credit cards or lines of credit or loans? How can this be dealt with and changed or stopped? If this is going to happen, how will my credit look in two years when I am ready to purchase a newer vehicle?

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