Ok this may sound like a dumb question but I just wanted to make sure I am not messing up in doing this.
I have opened up 4 savings accounts this year. ING Direct, Capital One, Citibank and WAMU (daughter's account). I am contemplating closing my checking account with WAMU, which serves as my spending account, and opening up a high yield checking account with someone else. I am just worried that all this activity might be recorded on some system or something. I know that banks have their own banking system but I only thought that was for folks who owe money or who are passing bad checks.
Of course this is definitely the last account I open up for a long time. I don't have any need for another one. I would just prefer to earn some interest on the money I have in that account.
Anyways, if anyone has any insight on this I would appreciate. I am just looking around at the moment. I definitely want to make sure I am not hurting myself by doing this.
I have opened up 4 savings accounts this year. ING Direct, Capital One, Citibank and WAMU (daughter's account). I am contemplating closing my checking account with WAMU, which serves as my spending account, and opening up a high yield checking account with someone else. I am just worried that all this activity might be recorded on some system or something. I know that banks have their own banking system but I only thought that was for folks who owe money or who are passing bad checks.
Of course this is definitely the last account I open up for a long time. I don't have any need for another one. I would just prefer to earn some interest on the money I have in that account.
Anyways, if anyone has any insight on this I would appreciate. I am just looking around at the moment. I definitely want to make sure I am not hurting myself by doing this.
Comments
http://www.privacyrights.org/fs/fs6b-SpecReports.htm#2
there are "specialty"/"consumer" reports available that are not the same as your credit report. however, i don't know the factors they use to come up with their evaluations of us. that may take a little more digging.
If you're new, they COULD do a hard pull to your credit score, but they have to ask your permission first (at least I think they do). You should ask them before you sign up if they are doing a hard pull.
Otherwise, that's the only thing that could potentially hurt your score.
Pull your reports and check the area that says "inquiries viewable by others" to see the number of hard inquiries that affect your credit. If nothing is there, then you're ok.
I think this recent post by Jonathan also explains it very well.
Where are you hiding? You know I check your page everyday for updates.
D.C.
:O)