i have recieved my credit file for the first time in my life and found no ccj's or anything like that but have found searches from as far back as 2002. nothing on there says iv'e missed a bill etc but i still have a very poor credit score. is it the searches that are affecting my score?
2007-08-03 09:03:38 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
The searches are on your credit score, and there is no way to clear them other than to wait 5-7 years.
2007-08-03 09:06:24 · answer #1 · answered by Keep On Trucking 4 · 0⤊ 0⤋
a lot can contribute to a low score. but many inquiries will not affect it that much. those searches, if initiated by you, stay on your report for 7-10 years. do you have any collections accounts? or charge offs?
as for the unsolicited credit card person, you can opt out of mailed offers for safety. www.optoutprescreen.com
I have never received an unsolicited credit card. How common is that?
fraud alert is a money generating scam. just occasionally check you credit. I check mine every year for free with annualcreditreport.com. Absolutely free people, don't be suckered.
2007-08-03 09:13:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think this is an extremely valid and worrying question. I truly believe it should be against the law for anyone to do a credit check without your approval, and they do. I have never received a credit card in the mail, but I do receive offers all the time and as you say this shows up and affects your credit report.
This IS WRONG. It in unsolicited and very unfair that companies can do this and affect our lively-hood.
2007-08-03 09:59:27 · answer #3 · answered by suzy c 5 · 0⤊ 0⤋
There are two types of credit inquiries. A hard credit check does impact your score. When you apply for credit, they do a hard check.
A soft inquiry does not impact your score. Those mass mailing credit card offers make a soft inquiry. When you pull your own credit report, that's a soft inquiry.
Your poor score could be the result of a lack of credit history. Even hard credit checks only affect your score for a short period (less than two years).
2007-08-03 10:56:53 · answer #4 · answered by bdancer222 7 · 0⤊ 0⤋
The whole system is weird. I also heard that if you receive an unsolicited credit card in the mail and then cancel that, it lowers your score. What about my privacy rights?! I cannot believe this system exists at all.
2007-08-03 09:13:05 · answer #5 · answered by barthebear 7 · 0⤊ 0⤋
could be. But you have to write to them, because after 1 year from the date they were entered they should be off your file. Also ask them to dissociate you from from other members of your house hold in-case they have poor credit, if you share the same surname it will certainly affect your score.
2007-08-07 06:29:01 · answer #6 · answered by kate d 2 · 0⤊ 0⤋
File a fraud alert with the three credit bureaus. This will stop companies from accessing your information without your permission. The best part is this will also reduce your junk mail.
2007-08-03 09:13:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes every time you do an inquire on your credit
2007-08-03 09:07:07 · answer #8 · answered by xoxocrystalxoxo2003 2 · 0⤊ 0⤋
dunno mate, if you find out let me know
2007-08-03 09:10:43 · answer #9 · answered by Ozzy D 5 · 0⤊ 0⤋