i checked it last month, now this mo its droped 1o points and 13 on another. why? will it go back up? only different thig was a co-applicant on a c.c. at dental office.
2006-09-15 19:17:48 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
I DIDNT MAKE IT DROP BY LOOKING? RIGHT? IT WAS THE C.C AT THE DENTAL OFFICE THAN?
WILL IT GO BACK UP? IN HOW MUCH TIME?
2006-09-15 19:23:51 · update #1
every time your credit is run it drops the score.
2006-09-15 19:19:14 · answer #1 · answered by matty.. 4 · 1⤊ 0⤋
It drops minorly every time some one runs a credit check on you.
And yes the co-applicant on the dental application could be a cause. Just keep paying your bills, credit cards etc.. and it will keep going up. If it continues to drop for no reason. I would have it checked out by one of the 3 major credit reporting agencies. to make sure no one is using you Identity.
2006-09-15 19:23:10 · answer #2 · answered by Kali_girl825 6 · 0⤊ 0⤋
No, You didnt not hurt it by looking, no matter how many times you check it personally, it will NOT affect you. it only drops your score when other people view your report, i.e. the doctors office, banks, etc.
The more accounts you have open, i.e. a mortgage, credit card, loans, bills, etc. it hurts your score, even if your ontime with all of them, this is because banks take all this into consideration when they look at your report, its not that your behind on payments or anything, its just that you have alot of debt.
2006-09-18 21:56:35 · answer #3 · answered by tahj. 2 · 0⤊ 0⤋
Also, be aware, that if you look at your credit report, it will list everyone that has run your credit in the last 12 months I think. Some credit card companies can and do run your credit to offer you their credit card. Every time your credit is ran, it drops the rating. Everytime you go past due on a bill that is reported, it drops your rating, everytime a new creditor is added, it intially drops your rating.
2006-09-15 19:27:16 · answer #4 · answered by Sandi A 4 · 0⤊ 0⤋
I hope this helps you:
Credit Score Explained
http://www.debt-loan-refinance-mortgage-credit.com/category/Credit-Score-Myths-Explained.html
2006-09-17 00:58:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
everytime you run your credit and it doesn't show up as your were accepted, then your score drops.
2006-09-15 19:20:04 · answer #6 · answered by cherry_kissez376 3 · 0⤊ 0⤋
To see what affects you fico score and how it is calculated, check out http://hubpages.com/hub/The_Credit_Report_Timeline you're checking it did not affect your score.
2006-09-15 21:41:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋