everytime someone checks your credit, your score will go down? like applying for credit cards and other stuff.
2006-06-07 13:14:44 · 17 answers · asked by Anonymous in Business & Finance ➔ Credit
that is true
2006-06-07 13:18:09 · answer #1 · answered by GAgirl 4 · 0⤊ 0⤋
That is very true. Everytime an inquiry is made it lowers your score and also strays on your report as well. That way say your applying for a credit card and they pull your credit and they see you've applied at 5 other places it gets taken into consideration. Either you will have way to much debt or why don't they have one, why are they applying with us. So to answer your question, yes it will go down.
2006-06-07 20:36:18 · answer #2 · answered by mrssainsarg 3 · 0⤊ 0⤋
No it is true! The more people that check your credit lowers your score. I lost out on a loan because advertisers I DID NOT give permission to checked my credit. I had 23 companies in TWO months check my credit with all three credit companies. I thought that would be illegal but it's not! My credit was not that bad but because of these 23 people it raised a red flag with legitimate companies I GAVE permission to. It looked like I had been turned down by these 23 people and it gave the impression I was a BAD RISK!
2006-06-07 20:23:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
true - whenever you apply for credit, your score will decrease 2-3 points ... unless there are multiple credit inquiries in a 30-day period, then your credit score will drop 20 points ... exception is mortgages ... multiple mortgage inquiries within 30 days will have no impact on your credit score
2006-06-07 20:50:38 · answer #4 · answered by asking-a-question 3 · 0⤊ 0⤋
i took banking and credit thats definitly true
when you apply for credit cards they have to see if you have had any previours credt cards and see if u are making payment if not u dont get aproved for as much money so dont apply for to many crdit scores do decrease
2006-06-07 20:18:33 · answer #5 · answered by hjHJhjkhk j 1 · 0⤊ 0⤋
If it's a credit company, like Discover, JCPenney, and such, then YES, it does negatively affect your score.
But if you just personally check it, then NO. Has no effect.
2006-06-07 20:18:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
false, this type of verification only for analysis your credit
worthness.
2006-06-08 00:51:14 · answer #7 · answered by Yacob Antony 2 · 0⤊ 0⤋
I think it's only when you pull your credit.
2006-06-07 20:22:09 · answer #8 · answered by Bug 2 · 0⤊ 0⤋
True. Although one or two wouldn't make that much difference.
2006-06-07 20:23:21 · answer #9 · answered by spot 5 · 0⤊ 0⤋
false
2006-06-10 16:13:05 · answer #10 · answered by yahaira 2 · 0⤊ 0⤋
false
2006-06-09 03:09:13 · answer #11 · answered by ewa 2 · 0⤊ 0⤋