Sep
28
2009
Does Your Credit Score Go Down By Checking It Online?
Posted by: Alan in Credit Score, tags: Checking, Credit, Does, Down, Online, Score, Your
I have heard from several people, who check credit scores online, that by checking your credit score online it will lower your actual credit score. Is this right or fake? If it is right, why would that lower your credit score?
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September 28th, 2009 at 11:21 pm
As long as your using one of the report services like Annualcreditreport.com, Freecreditreport.com etc. no there is no hurt done to your score this is called a soft pull and you do not lose points for them
Now if you apply for credit like at a department store, credit card company, auto dealer etc. then yes this is called a hard pull and you lose between 3-5 points for each one. The exception to this would be when your applying for either a vehicle or home loan then all applications within a 14-day period are lumped together and only count as one, they all show but your credit only takes one ding.
September 29th, 2009 at 12:24 am
Credit score
I am currently looking for mortgage refinance and before to start my search I’ve singed with one of free credit report website. Well, they are free for 7 days, after one week starting charging money.
During first seven days I was checking my credit score. It didn’t change one point.
September 29th, 2009 at 4:48 am
No
You can check your own score all day everyday and it will not affect it one iota.
September 29th, 2009 at 5:17 am
when you check your own credit score it does not go down. only inquiries from others drop your credit score.
September 29th, 2009 at 8:07 am
doing a credit pull on your own file does not affect your score.
Filing apps for credit, or allowing others to do credit pulls to ’see if you can qualify’ usually does though…
To get around that, I usually pull my own credit, and then shop around for preapprovals that way… Like if you are trying to buy a new car, pull your own credit FROM ALL 3 BUREAUS & be sure to get scores from all 3. then print that out, and take that to the dealer with you.
Get them to pre approve you based on that info, and wirte the deal contigient on being able to get financed, based on the scores you got.
If your credit pull is more than seven days ancient they may squawk about it, it all depends on what your score is, what your deal looks like, how much you are offering down, and how terribly they need to make the sale..
In the case of a mortgage, I’ve done this with credit pulls up to 30 days ancient… just realize that if anything changes the deal make fgo south, and you may lose your deposit.
September 29th, 2009 at 12:33 pm
You are really allowed to check once every quarter with all three bureaus without penalty, if my memory serves me right.