I know if you check it too much it can be bad.
2006-06-06 15:53:42 · 12 answers · asked by eddysmomma 4 in Business & Finance ➔ Credit
I think they recommend to check it once every 6 months. I wouldn't do it more than that...there are sights that you can check it once a year for free. I think annualcreditreport.com is the right site.
2006-06-06 15:58:08 · answer #1 · answered by ravinskye 3 · 2⤊ 0⤋
Personally I would advice checking your credit report about every 5-6 months. Every 3-4 months would be too often and would drive your credit score down (too many inquires), Unless you feel that your personal information has been compromised.
2006-06-06 15:59:34 · answer #2 · answered by jafnarf 3 · 0⤊ 0⤋
You don't get dinged for making inquiries into your OWN report. You will lose points if potential creditors make too many inquiries.
You may want to make a full check once or twice a year ... but, it is not a bad idea to belong to one of the credit reporting agencies alert systems so you know if credit is being opened in your name. I belong to Equifax credit watch so I can keep track of any potential fraudulent activity.
2006-06-06 15:57:49 · answer #3 · answered by kentata 6 · 0⤊ 0⤋
Your credit score is not affected by you checking your credit report. No credit agencies have access to how many times you've run your own report.
Having said that, I run my report and score once every quarter.
2006-06-06 16:44:42 · answer #4 · answered by asking-a-question 3 · 0⤊ 0⤋
Checking your score yourself is 'Soft' no points are deducted from your FICO score, but the one answerer is correct apply to monitoring agency and get a hard report once a year, that is standard, now if you are monitoring because your information was compromised then once every two months should be good to catch anything.
2006-06-06 16:01:17 · answer #5 · answered by hobbs1833 4 · 0⤊ 0⤋
Once a year. and its free. Check any more than that and your credit score will drop.If you apply for alot of credit cards,bad. you credit will drop approved or not
2006-06-06 15:58:23 · answer #6 · answered by sjwhvac 3 · 0⤊ 0⤋
To the best of my knowledge there is no hidden penalty for checking ones credit score. Please correct me if I am wrong.
However, there are penalties when you apply for multiple loans at the same time, so watch out for this if you are ever "loan surfing"
2006-06-06 15:59:14 · answer #7 · answered by N-2-Motivation 2 · 0⤊ 0⤋
once every 2 years. look over report, and file a discrepancy in what's there.
2006-06-06 16:02:43 · answer #8 · answered by dancepianomusic 1 · 0⤊ 0⤋
Every two weeks is to often. Take it down to twice a year...
2006-06-06 15:57:49 · answer #9 · answered by Angel 1 · 0⤊ 0⤋
More than once a year
2006-06-06 15:56:30 · answer #10 · answered by vihlee 4 · 0⤊ 0⤋