Does your credit score drop when you check it?

Home Forums Credit Reports & Scores Does your credit score drop when you check it?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #9258
    Jordan Moore
    Keymaster
    #9273
    Team StellarFi
    Keymaster

    When you check your own credit score, it does not have any impact on your credit score itself. This is because checking your own credit score constitutes a soft inquiry, which does not affect your credit. Soft inquiries are used for informational purposes and do not involve a review for lending or credit approval.

    When employers or credit card companies with a preapproval option perform soft inquiries, they are simply looking to confirm your identity and estimate the likelihood of responsible payment of bills. Only after you officially apply for the card, and a hard inquiry occurs, will a credit score drop. Your credit score is available for free on several online credit score monitoring services. Your monthly bank and credit card statements sometimes may also record your credit score.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.

StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Related questions

Home Forums Credit Reports & Scores Credit Reports & Scores

Viewing 15 topics - 1 through 15 (of 223 total)
Viewing 15 topics - 1 through 15 (of 223 total)
  • You must be logged in to create new topics.