Re:Credit baffles me as well (Score 1)

And this is exactly what happened to me recently.

I have a grand total of ONE late payment on my credit history, because I moved three states away, and my last postman sucked and didnt' forward my bills (I'm still working on that one). I called Equifax, they said I had to deal with it with my bank, and the bank said I had to deal with it with equifax.

I found this out when I'd gone to go get a car loan for a new car. Two months before, when I'd been shopping for apartments, I'd had my credit history checked by all those apartment places while I was shopping for a place. And because the DC area has an extreme shortage of housing, at least fifteen places had to check my credit (including for new bank accounts and such when I moved). I'd had almost flawless credit two months before. And now I'm not anywhere near the top rating for car loans, because so many people checked my credit history for a damned apartment.

My car intrest rate is a full percentage point above what it should be, because of all of this.

I'm still fighting to get the late payment removed from my credit history, which I've been told should be able to be accomplished, because moving is a reasonable reason for a late payment. However who's removing it is another question, and nobody wants to take responsibility for it.

The fact that no place will give me a top rated low interest loan because fifteen people checked my credit history is absolutely ridiculous. Until this year I'd never once had a late payment, and that one was excusable.

My rating gets screwed by the fact that I needed to find myself housing? That's a bunch of bullhockey. But it's what they rate it on, and most places will not allow you to fight it. When I asked about it with my car loan, they were surprised to see my rating was that low, yet I had only the one late payment. Still didn't mean they'd give me a better interest rate, tho.