If I pull my credit reports form all 3 agencies, will my inquiry cause my score to lower?
Posted in Credit on 12/20/2007 01:48 pm by admin
mac asked:
If so, why? and how else would I check if my credit is correctly reported, because it wasn’t 2 out of 3 are right- the last is wrong and they are the ones that stated my request is a detriment to my score, doesn’t make sense to me, how about the experts out there? Anyone have the answers?
CHASE
If so, why? and how else would I check if my credit is correctly reported, because it wasn’t 2 out of 3 are right- the last is wrong and they are the ones that stated my request is a detriment to my score, doesn’t make sense to me, how about the experts out there? Anyone have the answers?
CHASE
12/20/2007 at 2:05 pm
When you request a copy of your own report it does not go as an inquiry on your report.
The only time that an inquiry will affect your score is when it is a hard inquiry from a creditor when you request new credit.
12/21/2007 at 4:10 am
No, When you pull your own report this is known as a soft pull. You can soft pull daily through services like True credit. Soft pulling can be beneficial on TU and EQ in that multiple soft pulls (over 100) can cause hard inquiries to drop before the 2 year cycle is up. This does not work on EQ.
Also please consider that only MyFICO.com has real FICO scores, so if you are pulling your credit for scores make sure you go to MyFICO.com. The other websites have what is known as FAKOs. The formula for FICO scores is not shared. Make sure to search for MyFICO discount codes on Yahoo before buying your reports.
-Ted
Realtor
Simi Valley, CA