3 Thoughts on Does checking your credit score lower it?
  1. Reply
    mister ed
    December 1, 2011 at 6:10 pm

    yes it is is a hit and will lower it just a a bit!!!

  2. Reply
    Ed Atun
    December 1, 2011 at 6:39 pm

    The Fair Isaac people changed the scoring so you would not get “dinged” every time someone checked your credit. That applies to you, too. In the old days they worried that 3 inquiries meant that you were opening 3 new credit cards. Now they realize that you were out car shopping and the dealer would not talk to you unless they ran your credit. It won’t lower it..

  3. Reply
    educado
    December 1, 2011 at 6:47 pm

    Hi!

    There is a difference between checking it yourself and allowing another company to check you credit.

    If you are viewing your own credit report yourself, that type of inquiry does NOT lower your score at all, and in fact, laws now requires that the three major credit reporting agencies allow people to check their credit report for free at least once a year.

    If you are allowing a company such as a mortgage company or car company view your credit report/score so that you can obtain new credit, then that type of inquiry DOES lower your credit score. This is viewed as additional risk of new debt that is reflected and results in a lower score.

    I hope this clears up any contradiction amongst the answers.

    Good luck.

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