If I apply for a ton of different car quotes will it hurt my credit?
2007-02-13 07:26:38 · 0 answers · asked by Rick Fico 1 in Cars & Transportation ➔ Insurance & Registration
Almost all companies check your credit when getting a quote. It is part of the quoting process. The agent doesn't see your credit as it is run in the background and is calculated into the rates you are given. I represent multiple companies and only one of the companies does not run credit. When the credit is run for an insurance quote it is not supposed to affect your credit.
If you were to call me and ask for a quote and refused to give me your social security number I would not be able to give you a quote. Some people don't want their credit used but if you have good credit your rates will be much lower than if you used a company that does not use credit scoring.
In almost all states it is a requirement that we let you know that we will be checking credit and with some states we have to have a signed OK in order to do it.
Also, I never keep any social security numbers on my desk. I have all social security numbers shredded as soon as the quote is completed.
2007-02-13 08:32:38 · answer #1 · answered by blb 5 · 2⤊ 1⤋
HEY, you've seen the lizard. Listen to the little guy. (he's green) Getting a quote won't hurt your credit score. Are you kidding? At 25 you don't have any credit.
2016-03-18 02:12:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They don't make reports to your credit, and would only run your credit if you signed up, so no, get as many quotes as you'd like.
2007-02-13 07:35:26 · answer #3 · answered by oklatom 7 · 0⤊ 2⤋
i've been browsing more than 4 hours today searching for answers to the same question, and I haven't found any interesting debate like this. It is pretty worth enough for me.
2016-08-23 17:55:25 · answer #4 · answered by ? 4 · 0⤊ 0⤋
If you are just asking for quotes, than it won't affect your edit at all. If you are actually signing up with all of these companies, then you have a problem.
2007-02-13 07:31:23 · answer #5 · answered by this2shallpass 3 · 0⤊ 3⤋
Actually, contrary to popular belief: SOME insurance companies do check your credit. Not all.
I suggest you be careful prior to giving authorization, and ASK them if they check your credit.
If they do, say "thanks but no thanks"
A whole bunch on inquiries on your Fico score can bring it down.
2007-02-13 07:44:42 · answer #6 · answered by rob1963man 5 · 1⤊ 1⤋
No. They don't check your credit.
2007-02-13 07:28:45 · answer #7 · answered by Anonymous · 0⤊ 2⤋
Thank you! valuable information and offers me better knowledge
2016-09-19 12:07:41 · answer #8 · answered by ? 4 · 0⤊ 0⤋
This was bugging me too
2016-07-28 08:34:34 · answer #9 · answered by Anonymous · 0⤊ 0⤋