Thread: Auto Insurance
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Old 08-24-2005, 09:42 PM
cercis cercis is offline
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Default Re: Auto Insurance

Quote:
Originally Posted by BAGAGT1
Not true, because the credit inquiry is not an application for new credit, it will not lower your score.

http://www.myfico.com/CreditEducatio...es.aspx?fire=5
Well that's good to know. We were told by a lender that looking for better rates on insurance, loans and anything else that would trigger a credit inquiry will lower your score. Maybe they were just trying to keep us from shopping around.
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