2006-10-04 07:54:33 · 10 answers · asked by Mr. ______ 1 in Business & Finance ➔ Credit
This customer service rep from Chase credit cards was trying to get me to pay for their "credit protection plan" and she told me that it does hurt your score. And I told her no it doesn't and she said yes it does and I wanted to call her a big fat liar. I hate big fat liars.
2006-10-04 07:58:56 · update #1
Sure does, we just had a local loan officer come to our office to give us a presentation and that questions came up. Even if you go to www.freecreditreport.com it costs you points. Your best bet it to get a copy of your report so you know where you stand and then leave it alone until you need to apply for a loan or cc, whatever.
2006-10-04 07:57:49 · answer #1 · answered by chanda 3 · 2⤊ 2⤋
No it does not hurt your score. There are inquires that show up when people pull your credit (those would be if anyone else tried to run your credit report) and then there are inquires that only you could see(those would be you pulling up your own credit or when your job pulls it) I work for a car dealer in the finance department and the person who said it hurts you doesn't know what they are talking about. If someone pulls your credit report other than yourself or employment or the government it will drop your score any where from 2-5 points depending on the reason for the inquiry. You are given a free credit report once a year... or if you have a stolen identity alert on your report than you receive a copy whenever there is activity reported. Any other time you pull your report you have to pay for it. If you want to get your report from all 3 agencies go to www.annualcreditreport.com they don't require a membership like free credit report does and you get all 3 every year for free. Good luck
2006-10-04 08:05:58 · answer #2 · answered by Lena 2 · 2⤊ 0⤋
No, this is a credit myth. Checking your own credit is considered a soft inquiry, these do not affect your score and will not be seen by potential creditors. Only Hard inquiries (when a company pulls your credit authorized by you, such as an auto dealership or crdit card co) affect your score and are seen by other potential creditors.
I also check my report daily and my score has not been affected negatively at all, it has actually only gotten higher because i was able to catch some unauthorized Hard inquiries and incorrect information that had been reported from previous creditors.
2006-10-04 13:23:21 · answer #3 · answered by wendyb204 2 · 0⤊ 0⤋
If Chase runs your credit, it will show up as an inquiry, too many inquiries and your score does lower. If you get a free credit reportonce a year to see what you look like on paper, then no it does not.
2006-10-04 08:43:41 · answer #4 · answered by Jamaison D 3 · 1⤊ 0⤋
Nope and you can do it once a year for free. Only applications for credit effect your score. I believe FICO knows what they are talking about. See links.
2006-10-04 07:58:47 · answer #5 · answered by Courtney 2 · 1⤊ 0⤋
NO, it does NOT.
It only hurts when you apply for new credit. Check your own reports as many times as you wish.
I check mine DAILY.
2006-10-04 08:27:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no! it does not hurt your credit score.
2006-10-04 13:47:42 · answer #7 · answered by DaMan 5 · 0⤊ 0⤋
Absolutely not.
2006-10-04 07:59:32 · answer #8 · answered by Jainboy00703 2 · 1⤊ 0⤋
nope....it wont affect
2006-10-05 00:47:10 · answer #9 · answered by men t 2 · 0⤊ 0⤋
No, not at all.
2006-10-04 07:56:28 · answer #10 · answered by chrstnwrtr 7 · 0⤊ 0⤋