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Posted in Credit Scores
does checking your credit report lower your credit score?
I heard that if you or any company checks your credit then that will lower your credit score each time you do it.
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Question By
mrstodd

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While a credit report inquiry is a "hit" on your report, it is considered a "soft" hit and will not have ANY impact on the report and score. If you apply for a card or loan then they do a "hard" hit, which is what you are thinking of.

Just remember this: the FACT Act allows you to check each bureau (Equifax, Experian, and TransUnion) every 12 months. If they offer that, and actually encourage it, then these 3 hits certainly do not hurt your score. TIP: check one bureau every 4 months to keep a pretty good look on your report throughout the year instead of checking all 3 at one time.

Response by
craigcox

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No. The only thing that raises or lowers your score is credit inquiries and reports from businesses.

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Response by
jte1958

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