Does checking your credit score negatively impact the score?

Question

That is, does checking your credit score show as an "inquiry" into your rating like when a creditor checks, thus lowering the score, or no? Thanks!

Answer 1

No, if you check your credit score it doenst negatively impact your score. It's considered a soft check and has no impact.

Your credit score, more commonly known as your MyFico Score is managed by Fair Isaac & Co that's where they get the name FICO from.

These guys are the authorities on Credit Score rankings and are used most prominently throughout the banking and loan industry to determine the creditworthiness of a business or an individual. Your best bet is to go with the company that manages credit scores, Experian, TransUnion and Equifax only keep track of your credit report and credit inquiries. They have a number of products that you can get to help you not only determine your score but also to help you build and track it.

Answer 2

No, checking your own credit has no impact on the score. Its not the same as when a creditor checks it.

Answer 3

No. Checking your own credit by using an online service offered by one of the major credit bureaus or their affiliates will not negatively impact your score. In fact, it is highly recommended that you check your own credit frequently (at least once per month) so that you can identify and issues or inaccuracies before they become problematic.

Here is some more information on the various online services:

http://consumercompare.org/creditreports/

I hope this information is helpful.

Thanks,
CC

Answer 4

When you check your own credit, it's a soft pull and does not impact our credit score.

Answer 5

Ok, this question is a loaded one.

How are you "checking" your own credit. If you work at a place that has access to credit reports, like me, then "checking" my own credit would count as a "hard" inquiry.

However, if you subscribe to watchdog services, IE, truecredit.com, freecreditreport.com, etc. them places give you "soft" inquiries and do not effect your score at all.

Answer 6

Yes, but not significantly. You should check your credit often enough to ensure that no one has stolen your information(once every 3 to 6 months), but not so often that it looks 'suspicious' to a creditor. When a bank checks it, they often look for repeated credit checks in a small span of time. For instance, when you are shopping for a car, every dealer will want you to fill out a credit app. DON'T do this. Wait until you find a car you want, and agree on a price. Otherwise, you end up with 7 credit checks in one week, and that can make a difference on the loan you get.

Answer 7

no checking your own scoew does not negatively impact your score as long as it as done through the proper source.