Is it true, that every time your credit score is accessed, your credit score goes down?

Answer 1

No
if its accessed by you it doesnt affect it
it its accessed several times in a 2 week period for the same item, like mortgages or car loans, its treated as one inquiry
companies you are already with also do "soft pulls" on your credit sometimes to determine a new credit limit or raise your interest rate (universal default). the soft pulls are usually done without you.
repeatedly pulling your credit score besides the first three reasons does affect your score, but inquiries only account for about 10 percent of your total score. Every inquiry does not affect it, its the number of inquiries in the 12 month or six month period that is looked at and scored.

Answer 2

Yes. If these inquiries are the result of you attempting to secure debt like a home or auto loan or a credit card they will reduce your credit score. These are called "hard inquiries".

As a consumer you can check your own credit as frequently as you like. Checking your own credit is one form of a "soft inquiry". It is highly recommended that you do check your own credit frequently (at least once per month) so you can stay on top of any changes and identify any problem areas or factual areas before they become major issues.

There are several online services that allow you to monitor your credit report and score. You can find a list here:

http://consumercompare.org/creditreports/

I hope this information is helpful!

Answer 3

Yes and no.

Every time you apply for credit, the company will run a credit check on you. Credit checks do reduce your score slightly. If you go and apply once every 3 or 6 months, no biggee. If you apply 3 times a month, your score will be hurt.

Also, if you are shopping for home loans and car loans, the credit bureaus assume you will check multiple sources for funding, so they will treat all checks for those loans within a certain time frame as 1 credit check. I believe for a mortgage it's 30 days and for car loans it's 7 days.

Answer 4

Credit inquiries can negatively affect your score. It appears you are "shopping for debt".

See wikipedia for complete explanation of credit scoring

Answer 5

Yes, about 6-9 points but it only affects your score for about a month I believe. If you request your own score, it will not go down, only if you are applying for something.