Well and especially then thatвЂ™s really going to have a negative impact if youвЂ™re applying for credit and being turned down
Doug: therefore, yeah and with soft hits i recall conversing with somebody from a single of this larger banks many years back in which he said yeah, we perform a soft hit on all of our consumers and theyвЂ™ve have we donвЂ™t understand two, three million customers, every 3 months. Therefore, we get in, we simply check, has any such thing radically changed? And when out of the blue your gone from having one charge card with us and today youвЂ™ve got five charge cards with a lot of others then despite the fact that youвЂ™re still as much as date and creating their payments and everythingвЂ™s great, perhaps we have to, you realize, increase your rate of interest, lessen your borrowing limit or any.
Therefore soft inquires do have an effect aided by the bank youвЂ™re with but youвЂ™re right they donвЂ™t aspect in their credit rating itвЂ™s not part of the credit score information because itвЂ™s not something вЂ“ youвЂ™re not applying for credit and therefore.
Therefore, ok the category that is final suggest we contact it public record information and collections facts, i suppose you might phone it appropriate facts or something like this like that, just just exactly what do we generally see for the reason that area?
Meg: So thatвЂ™s things such as bankruptcies or customer proposals, judgments, therefore against you that would be in the public record section, past due accounts that have been turned over to collection agencies are in that section if youвЂ™ve been sued and someone has gotten judgment.