Should an application to deposit (not borrow) money at First American Bank affect my credit score?
StephenWeinstein asked:
Bank of America® Privacy Assist® (which I obtained free as part of the settlement of a class action suit; I would not have paid for it or accepted the “free” trial that they offer) is saying that
1) “You applied for credit 1 time(s) in the past 12 months, as recorded in this credit report…This lowers your score.” This is listed first under “the top factors that lower your score”.
2) The only “Inquiries” is
FIRST AMBK
Date: 08-2007
3) The “Creditor Information” on my credit report includes
FIRST AMERICAN BANK
Address: 639 N. FAIRBANKS COURT
CHICAGO, IL 60611 Telephone: (847) 952-3700
Bank of America® Privacy Assist® (which I obtained free as part of the settlement of a class action suit; I would not have paid for it or accepted the “free” trial that they offer) is saying that
1) “You applied for credit 1 time(s) in the past 12 months, as recorded in this credit report…This lowers your score.” This is listed first under “the top factors that lower your score”.
2) The only “Inquiries” is
FIRST AMBK
Date: 08-2007
3) The “Creditor Information” on my credit report includes
FIRST AMERICAN BANK
Address: 639 N. FAIRBANKS COURT
CHICAGO, IL 60611 Telephone: (847) 952-3700
First American Bank is not a creditor of mine and I did not apply for credit from them.
I did apply for an Health Savings Account (HSA) at First American Bank in 8/07, but that is a deposit, not a loan.
Should this affect my credit score in this way?
Because I did not apply for credit from First American Bank, should I dispute the incorrect information?
Rich Dekruif
Some banks do check your credit when you open a new bank account. I don’t think it should affect whether or not you are able to borrow.
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An inquiry may not have stated that they may check your score may ding your score may ding your credit unions will pull from two or bit higher if.
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