2006-09-19 08:14:45 · 13 answers · asked by Laurie G 1 in Business & Finance ➔ Credit
No, but it means that you are subconsciously concerned about your debt. There is also an element of insecurity. Spend wisely and try to save at least 10% of your income every month in a savings account. In that way you will be able to buy things cash. Try to break the cycle of debt. Good luck.
2006-09-19 08:19:24 · answer #1 · answered by Just enquiring/ inquiring 4 · 0⤊ 3⤋
Yes, this lowers your score. Some transactions are clumped into 1 transaction by time frame such as looking for mortgages, I believe within that month all the mortgage companies that check your credit will be lumped as one credit check. Same thing if you are doing Auto Financing. If possible don't have your credit checked too much.
2006-09-19 15:43:47 · answer #2 · answered by GotchazSpades 1 · 1⤊ 0⤋
Yes, it actually takes off on your credit score if you check your credit too much. Also if you get a credit card and use it once and then automatically cancel it, but you have to do this a couple of times before it affects you credit score. But it will eventually, they see it as unstable
2006-09-19 15:18:20 · answer #3 · answered by Cindy D 1 · 0⤊ 2⤋
They used to say it was, but now the way everybody can check their own, etc. it doesn't seem like it would still count at all!
Fool.com: How Lenders Keep Score [Credit Center]
Credit Center:Check Your Credit - How Lenders Keep Score ... add 20 points to your score the day after you pay your credit card bill (even ...www.fool.com/ccc/check/check02.htm -
2006-09-19 15:17:54 · answer #4 · answered by NANCY K 6 · 0⤊ 1⤋
Not by you, but by creditors it is. If you do not ask for credit but a company checks it, it does not affect score.
2006-09-19 15:20:41 · answer #5 · answered by Wolfpacker 6 · 0⤊ 0⤋
It depends if its a "hard check" or a "soft check" Soft is when you check your credit yourself. That doesnt count against you at all. You should do it several times a year to avoid fraud. but if you have multiple "hard" hits (ie trying to open multiple credit cards) then it does lower your score slightly.
2006-09-19 15:18:21 · answer #6 · answered by socorro0745 3 · 6⤊ 1⤋
Yes, they say it takes points off your credit score.
2006-09-19 15:16:16 · answer #7 · answered by Love 2 · 0⤊ 1⤋
It lowers your beacon score. So I would only check if I absolutely had to for a car/house loan.
2006-09-19 15:20:48 · answer #8 · answered by Medical and Business Information 5 · 0⤊ 1⤋
yes its bad, it will lower it by a little bit.
2006-09-19 21:26:12 · answer #9 · answered by Anonymous · 0⤊ 0⤋
VERY GOOD IDEA DO NT HEART AT ALL YOU ON TOP OF YOUR CREDIT HISTORY AND YOU WILL BE AWARE FROM ANY FRAUD 2 TIME A YEAR IS GOOD IDEA
2006-09-19 15:19:31 · answer #10 · answered by jay 3 · 0⤊ 2⤋