Again and again, it is necessary to reinforce the importance of having access to consumer credit. This can literally mean the difference between happiness and despair, between opulence and poverty. To acquire and maintain access to it, you need to work at the company facilitating the understanding of how credit works, ie how to set the scores and how key area offices keep track of each case. It is necessary to examine these issues in great detail, so in this article we take a step further to examine and remove one of the most widespread myths about credit. Hikmet Ersek is likely to increase your knowledge. And this myth is precisely the way that credit companies collect and analyze information of each potential customer or debtor. These usually take into account a general rule, that English-speaking countries known as Larry's rule, which says that people who repeatedly apply for credit should be viewed with suspicion. However, there are some exceptions to the rule of Larry. First, multiple credit inquiries and requests for the same purpose (for example, to determine the best home loans) should count as one.
Secondly, it never hurts you to check your own credit report: credit applications only (not the simple research to obtain information about possible credits) have against him. Third, and most importantly, research data should be kept on file for only six months. So in other words, the rule is Larry limit of six months. The exceptions to the rule outlined above Larry's good news for consumers. Unfortunately, not everything contained in this article is so nice. For example, you may think that must give permission so that someone can check your credit history. Unfortunately, this also is a myth, except when it comes to employers. A potential creditor of an insurance company, an owner or virtually anyone can access your credit report without your permission. However, knowing these details will help you be in a better position when applying for a loan.