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     | Wednesday, March 28, 2001 - 07:45 am  Bought a car from Ford Credit recently. Ford sent me an offer through Hartford Insurance, saying I might be able to lower my rates $250 if I switched to them. I called this morning. The rep said they would pull a "soft" inquiry on my TU file. I did their dance, and it turned out they couldn't save me any money. Because I subscribe to TU's creditability.com service, which notifies you of changes to your file, I was notified within 15 minutes that Hartford had pulled my file. Thinking this might have been a "hard" inquiry contary to what Ford had told me, I immediately called TU. The rep said that, although other creditors would be able to see that Hartford pulled my file, the inquiry posts as "soft" and will not affect my credit score. "The model does not recognize this as a 'hard' inquiry and your score won't change based on this inquiry," said the rep. This is good to know, assuming she is telling the truth. It seems that creditability.com, which had some software problems when it was launched last summer, has made some improvements. My notification of Hartford's inquiry arrived with breakneck speed. This also is good to know.
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| | Wednesday, March 28, 2001 - 11:10 am "... assuming she's telling the truth." I just tried creditability.com, but the page won't load. Is that the right url?
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| | Wednesday, March 28, 2001 - 11:25 am Yep. http://www.creditability.com/
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| | Wednesday, March 28, 2001 - 04:37 pm Christine: Fico reps have sworn to state regulators in several states that insurance inquiries never figure into any of their models. Supposedly, when one insurance company began using scoring a few years ago, a high muckety-muck let himself be the guinea pig -- score him, he didn't mind. And so people did. Lots of people. And his scores got lower, and lower,.... He went to apply for a mortgage and received a nasty surprise. A phone call to Fico a short time later, with appropriate threats, apparently set the stage for insurance inquiries being excluded from the magic formulas. 
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