Re: Credit Report: what has an effect on it?

  "99miles" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
  > 1) Does getting a copy of my credit report deduct points from my
  > credit? I was told once that it does, but I'm looking for more info.
  >
  > 2) Does simply applying for, and getting a credit card effect a
  > persons credit?
  >
  > Thanks.

  Multiple inquiries do NOT automatically count against your beacon or
empirica scores.

  For example, if you go car shopping, the first place you should stop is
the finance office. This is the EXACT OPPOSITE of what the car dealer wants
you to do, but you should demand it. Find out their options for you, which
will require an inquiry. This starts a clock ticking. You have 12 days to
have any many inquiries from car dealers as your heart desires, with NO
negative impact. Afterall, shopping isn't the same thing as preparing for
bankruptcy.

  On the other extreme, if you apply for a car loan, boat loan, first and
second mortgage, several different bank credit cards, and some revolving
debt, that WILL be a major red flag.

  Brent D. Gardner, ChFC
  Chartered Financial Consultant
  http://members.cox.net/brentdgardner1378/

  "Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships