So, one of my newer coworkers bought a new used card.
She had to sign a paper agreeing to a credit check. She emphasized to them that she was signing this document once and it was only to be used to run her credit ONCE, since every time your score is run you lose points. Her score at that time was 699.
She got the car and was looking for an apartment. She was denied when they checked her score. She contacted the agencies and found that the used car place had run the credit check 27 times! She lost over 150 points off her score.
She now is going back and forth with the agencies to get the checks removed from her report, but also wants her previous score restored. She's also reported the car place. She's working on building her score back up in the meantime, applying for credit cards and such.
I wonder if they ran the check multiple times to lower her score, flag her as high-risk and charge her more in interest.
She had to sign a paper agreeing to a credit check. She emphasized to them that she was signing this document once and it was only to be used to run her credit ONCE, since every time your score is run you lose points. Her score at that time was 699.
She got the car and was looking for an apartment. She was denied when they checked her score. She contacted the agencies and found that the used car place had run the credit check 27 times! She lost over 150 points off her score.
She now is going back and forth with the agencies to get the checks removed from her report, but also wants her previous score restored. She's also reported the car place. She's working on building her score back up in the meantime, applying for credit cards and such.
I wonder if they ran the check multiple times to lower her score, flag her as high-risk and charge her more in interest.
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