Does looking at my credit report affect my credit?
I heard that multiple credit report checks affects how banks and other institutions lend. Last year I had 2 banks look into my credit when I asked for a personal loan. I didn’t get the loans. But now I am just interested in knowing for myself. I haven’t checked myself in a few years.
I am a recent college graduate, with a car loan and student loan. No credit cards at all. I am interested in getting a credit card to establish credit (I am only interested in using for gas or grocery purchases and paying off every month). Will a bank know I looked into my credit score and somehow penalize me?
Tags: Affect, banks, car loan, College Graduate, credit, Credit Card To Establish Credit, Credit Cards, Credit Checks, Credit Report, credit score, Grocery Purchases, Institutions, Loans, Looking, Personal Loan, report, Student Cards, student loan
3 Comments at "Does looking at my credit report affect my credit?"
Inquiries make up 15% of your fico
Hard inquiries (for loans) last for years, but soft inquiries like checking your own report drop off in weeks, and don’t ding that 15% part much.
Don’t sweat inquiries.
Do you have a checking account?
Has it been in good standing for 6 months?
The easiest kind of visa to get is one attached to your checking account.
By paying off in full each month you can establish 800+ scores. I am proof. (from credit cards alone).
Try gas station cards too – they are also easy to get and some offer cash back rewards.
Go to annual credit report . com
print out all 3 reports in deail, and check them with a fine toothed comb. 1 in 5 people have errors in their reports.
No need for your score yet – clean up those reports first.
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Looking at your own credit report will not leave a ‘footprint’ on your file and will not affect your credit rating in any way.
Unfortunately “Judy’s” copy and pasted answer had nothing to do with question…anyway it wont hurt you at all only when you have a third party do it also just f.y.i when shopping around for loans try to do it all in a period of 24hrs because it will only count as one inquiry