unsupported
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It counts as an inquiry which may or may not effect your score. If you look at it, it probobably won't, but if you are applying for a bunch of credit cards then yes, it will. |
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Idiot_Savante
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(Not to be rude to the other people who answered the post, but please read this answer carefully. I worked in a banking institution for several years and have cited my sources. I have quite a bit of first-hand knowledge about how credit scores work and are calculated.)
Hello.
No, it does not count against you. Credit report checks that are self-initiated (ones that you do) and that are done as part of marketing solicitations (e.g. pre-qualifying offers that you get in the mail) don't affect your credit score. However, if you apply for credit (whether you get the credit or not), it may affect your overall credit score.
FYI, you are legally entitled to have access to any information about your credit that financial companies release/report.
You can get a free copy of your credit report (no obligation) periodically. I believe it's every two years. Remember that there are three credit reporting agencies (CRA): Experian, Equifax, and TransUnion. Each CRA may have different information on you so it's to your benefit to get one copy from each CRA regularly to check for accuracy.
You can also get a free copy of your credit report if you've applied for credit and been declined. This copy may only be from one agency, though (whichever one was used by the prospective creditor to help in making the credit decision).
However, credit reports are not expensive. They generally range from $4-$12 a piece per CRA. It's well worth the cash investment to see what is being reported, especially in this age of identity theft.
You can contest any item on your credit report and it will be investigated for accuracy by the CRA. |
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depp_lover
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any time ANYBODY checks you credit score it makes it go down dramatically |
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Girl_in_TX
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It does not hurt your score if you are simply checking out your report. You can check your report anytime without it hurting your score but ONLY if you're just "checking".
If you're applying for credit cards then yes, creditors will see that. You can only get a "free" copy once a year. After that, there is a small fee.
For the once-a-year free credit report go to:
www.annualcreditreport.com
Don't use that freecreditreport.com site - there have been many, many complaints!!! Check out ripoffreport.com and you'll see. |
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duck's attitude
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yes. Everytime somebody checks your credit rating, it gets lowered a little bit. This includes applying for a credit card, a house loan, and things like that. |
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bburdet2000
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not when you pull from annualcreditreport.com also keep in mind when you shop for a big ticket item such as a car or home, your inquiries are counted as one inquiry.As long as they are within a reasonable timeframe(1 month) |
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Arbitrage
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It seems that the general consensus is that if you look at it, it's fine. If you're applying for credit, then it might drop. |
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missjw4
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yes it does, i believe it lowers it by 2 points |
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niknak
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yes. |
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flsred
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Not everytime so the answer is yes and no. Only do this personally once a year. There is an algorithm built into credit score computation which assumes when looked up frequently there is a problem. I don't know the exact number but you can bet you **** it is small. The once a year rule is to protect you in case creditors, bank, mortgage company, etc. are looking within a similar time frame. Also there is an optimal number of open credit accounts which can actually boost your credit. |
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Gazoo
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It counts as an inquiry but a lender won't count it against you in terms of getting a loan. Generally inquires do not last very long on a credit report anyway. |
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vinniebagodonuts
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shopping for home loans has no imact on your score, Auto loans and credit cards (including department stores) do |
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thatonegirlamanda
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not if you get that freecreditreport.com thingy once a year...but if you apply for credit and get denied and get a free report than it does hurt you because you're getting denied. |
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mjohnson796
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Everytime you check your credit score in a new type of business or for a new kind of loan it goes up 4 points. But, let's say you are shopping for a mortgage and different brokers pull your credit, it will not affect your credit score after the first time because each time will be for the same kind of loan. |
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asreid14
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Trust me on this one...You can pull your credit as often as you want, it results in a SOFT inquiry which does not count against you. When you apply for credit or financing, the lender pulls a HARD inquiry which can reduce your score, but usually not by much (2-5 points). Only HARD inquiries can ding you score. |
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