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Posted in Banking
Why does someone checking your credit score make it go down?
my credit shows in "good" standing, yet i've had 6 hits. when i first talked to someone about getting a loan, i was told right then my credit was excellent. now it shows "good". why does your score go down when someone checks it?
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zoie2009

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Cause credit inquries are like asking for money. If you ask person for money you are probably a safe better. If you later find out that person asked 6 people for money, them you are probably a bit more risky than originally thought. 

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hardeight

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