Comments on: Weekly Twitter Digest (Link Roundup) for 2012-06-09 http://seattlebubble.com/blog/2012/06/09/weekly-twitter-digest-link-roundup-for-2012-06-09/ local real estate news, statistics, and commentary without the sales spin. Thu, 23 May 2013 07:39:37 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Kary L. Krismer http://seattlebubble.com/blog/2012/06/09/weekly-twitter-digest-link-roundup-for-2012-06-09/comment-page-1/#comment-169762 Kary L. Krismer Sat, 09 Jun 2012 14:58:54 +0000 http://seattlebubble.com/blog/2012/06/09/weekly-twitter-digest-link-roundup-for-2012-06-09/#comment-169762 Here’s my nearly almost weekly addition of a Harney article to the list.

http://seattletimes.nwsource.com/html/realestate/2018356374_harney10.html

It’s about how inquiries to your credit can affect your credit score. What’s interesting is that there are exceptions, such as multiple credit pulls for a mortgage within 30 days.

What caught my eye is one of the other exceptions is inquiries for car loans. I don’t see why that would be an exception. Car loans are one of the major causes of bankruptcy–probably more common that healthcare issues, but I’ve never seen them actually run stats on that. Anyway, my point is that if someone in the process of buying a house on a loan is simultaneously going out and looking for a new car, that should blow the hell out of their credit score, but apparently it doesn’t. Yet another reason why credit scores are a bad tool for approving mortgages.

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