why does your credit score go down every time you check it?

Answer 1

Anytime you or a potential creditor inquires about your score, it is automatically translated into "you want money" whether that is the case or not. Having a lot inquiries about your credit looks bad. It shows up as a "liability" to potential creditors.

Answer 2

Speaking as a nationally known credit score and lending expert (book, radio shows, newspaper columns, etc.)...

When YOU inquire into your credit, there is no score drop. If a creditor inquires after you apply for credit, the score won't drop unless there are a number of inquiries recently. I believe that less than six creditor inquiries within 90 days should not harm your scores unless they are weak to begin with.

Answer 3

When "you" pull your own credit reports or scores, your credit score does not go down because of that.
When "you" pull, it is only a soft pull that does not harm your credit.

If you have someone pull your credit for you, such as a bank, car dealer, etc., then it is a hard inquiry and will have a negative impact on your scores.

If you are pulling your own credit, then you score drop is from something else and not from the pull.

Answer 4

It doesn't if you are checking it. The score does go down if a company is checking it. The reason is that it is a gauge as to how much credit you are trying to obtain. A lot of inquiries can suggest that you are trying to obtain tons of new accounts and will soon be spending more than you can afford.

Answer 5

It's because each day goes by without you making repayment, the score is likely to drop.