Wednesday, September 14, 2011

Is it true that if you decide to change Car Insurance, the new agent can damage ur credit history by inquiries?

Or by requiring other 3rd parties to check into your credit similar to the car salesman inquiries and thus leaving around 10+ inquiries that could damage/lower your credit score?
Is it true that if you decide to change Car Insurance, the new agent can damage ur credit history by inquiries?
No... Those are called %26quot;soft inquires%26quot; and have little or no effect on your credit score. Hard inquires, such as an application by you for an auto loan will have a (small ) neg effect.



Read here%26quot; http://www.thesunsfinancialdiary.com/cre鈥?/a>
Is it true that if you decide to change Car Insurance, the new agent can damage ur credit history by inquiries?
No. Those inquiries do not affect your history or rating.