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Does finding out your own credit score count as an inquiry on your credit report?
Wiki User
∙ 13y ago
no because im in 2nd grade retad
Wiki User
∙ 13y ago
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How many times can a bank pull your credit report without lowering your credit score?
If they don't pull a full report and only do a soft inquiry then it doesn't ever hurt. If you are however, applying for credit at the bank and they do a "hard inquiry" where they view your full report then it only takes one time. If you are going around in a short length of time and having banks pull your credit for the purpose of a home or car loan then usually the credit report agencies count this as one inquiry because it's quite reasonable to shop around.
Can applying for financing hurt your credit for example you apply and they do a credit check does that affect your credit score?
Yes. All inquiries on your report lower your score. However, if you are "shopping around" for the best rates on either mortgages or auto loans, then after the first inquiry you have 14 more days to shop around. In those 14 days no matter how many inquiries of those 2 types are reported, it will only count as one inquiry.
How many points are taken off your credit score every time you run your credit?
The original answer is incorrect. There is one type of credit inquiry that counts toward your FICO score. When you apply for a mortgage, auto loan or other credit, you authorize the lender to request a copy of your credit report. These types of inquiries, prompted by your own actions, appear on your credit report and are included in your FICO score. Your own credit report requests, credit checks made by businesses to offer you goods or services, or inquiries made by businesses with whom you already have a credit account do not count toward your FICO score. Credit checks by prospective employers also do not count. These types of inquiries may appear on your credit report, but they are not included in your FICO score. source: http://www.myfico.com/CreditEducation/CreditInquiries.aspx Contrary to the popular myth, your credit score is NOT affected when you check your credit history. Particulary now with the new laws that allow people to check their credit history free each year, there is no penalty assessed for doing so. This is also true with many other inquiries from other lendors, though not all.
If you apply for two different credit cards within a couple days of each other does that count as one inquiry and if you are approved for both and cancel one of them does that affect your credit also?
two different applications counts as two different inquiries. You should have kept both credit cards because the fact that you were applied and were approved will still show up on your credit report. Doesn't mean it will be a negative but it may still show up.
Do judgments count against you if there paid in full on your credit report?
Yes. They remain as a negative item on your credit report for seven years from the date of the judgment, whether they are paid or not. You do, however, now have the right to ask that your explanation of the item be included in the report. You can provide the credit reporting agency with a paragraph explaining mitigating circumstances, such as that you did in fact pay the judgment in full.
How many times can a bank pull your credit report without lowering your credit score?
If they don't pull a full report and only do a soft inquiry then it doesn't ever hurt. If you are however, applying for credit at the bank and they do a "hard inquiry" where they view your full report then it only takes one time. If you are going around in a short length of time and having banks pull your credit for the purpose of a home or car loan then usually the credit report agencies count this as one inquiry because it's quite reasonable to shop around.
Does it effect your credit score when employers check your credit?
No it does not -- it is called a soft inquiry. The credit bureaus classify companies who pull a credit report. Some companies pull credit reports for lending, others use credit reports for non-lending purposes. Hard inquiries are those that count against credit scores and are from lenders upon an inquiry for credit. Soft inquiries or those used for non-lending practices do not count against credit scores. From the classifications used by credit bureaus, the credit scoring system can determine the type of inquiry (whether for credit or otherwise) that is pulled.
Does pulling credit report multiple times count against you?
There are two types of inquiries. Soft pulls and hard pulls. Soft pulls are when you look at your own credit. They don't get counted as far as your credit score. However hard pulls are when you apply for credit. This can effect your score 2 - 5 point for each inquiry.
Can applying for financing hurt your credit for example you apply and they do a credit check does that affect your credit score?
Yes. All inquiries on your report lower your score. However, if you are "shopping around" for the best rates on either mortgages or auto loans, then after the first inquiry you have 14 more days to shop around. In those 14 days no matter how many inquiries of those 2 types are reported, it will only count as one inquiry.
Will obtaining your annual free credit report count as a hard pull and therefore have an adverse affect on your credit?
Nope. Anything from you doesn't count. That's a soft pull.
How many points are taken off your credit score every time you run your credit?
The original answer is incorrect. There is one type of credit inquiry that counts toward your FICO score. When you apply for a mortgage, auto loan or other credit, you authorize the lender to request a copy of your credit report. These types of inquiries, prompted by your own actions, appear on your credit report and are included in your FICO score. Your own credit report requests, credit checks made by businesses to offer you goods or services, or inquiries made by businesses with whom you already have a credit account do not count toward your FICO score. Credit checks by prospective employers also do not count. These types of inquiries may appear on your credit report, but they are not included in your FICO score. source: http://www.myfico.com/CreditEducation/CreditInquiries.aspx Contrary to the popular myth, your credit score is NOT affected when you check your credit history. Particulary now with the new laws that allow people to check their credit history free each year, there is no penalty assessed for doing so. This is also true with many other inquiries from other lendors, though not all.
If you apply for two different credit cards within a couple days of each other does that count as one inquiry and if you are approved for both and cancel one of them does that affect your credit also?
two different applications counts as two different inquiries. You should have kept both credit cards because the fact that you were applied and were approved will still show up on your credit report. Doesn't mean it will be a negative but it may still show up.
Can you apply for a mortgage during a short amount of time and have it only count as once on your credit report?
Yes. Mortgages and Auto loans fall into a unique category with the credit bureaus. You can apply with an unlimited number of mortgage lenders within a window of time and it will only count as one inquiry with the bureaus. There are differing opinions on what this "window" is. I know you are safe for 30 days and many people indicate they have seen the same result in a 45 day window.
If you cosign an auto lease will it show on your credit report if all payments are made on time?
Yes. It shows up on your credit report as a co-signed loan. The up side is you will receive credit for a good loan on your credit report. The down side is if you apply for credit they will usually count that debt as yours since if the maker does not pay you are responsible and if they use any type of debt to income ratio to qualify that will increase your debt %.
Do judgments count against you if there paid in full on your credit report?
Yes. They remain as a negative item on your credit report for seven years from the date of the judgment, whether they are paid or not. You do, however, now have the right to ask that your explanation of the item be included in the report. You can provide the credit reporting agency with a paragraph explaining mitigating circumstances, such as that you did in fact pay the judgment in full.
Will running your credit report impact your fico score when shopping for a home loan?
Yes and no. FICO will make adjustments to your score when you shop for credit, which is what an inquiry indicates. How much this will affect your score depends on your credit history. Someone who does not often shop for credit may only be reduced a point or two, or maybe even see no reduction at all. Someone who already represents some form of credit risk may see a bigger decline in the score. With that said, according to FICO (www.myfico.com) multiple mortgage inquiries within a 14 day timeframe will count as one inquiry as far as it affects your score. They expect you to shop offers, just make sure you do it within the timeframe. The inquiries will still appear on your report, they just won't continue to hurt your score. On a side note, self inquiries do not affect your score.
Where can one find the best car loan rates?
The best way to get the best car loan rates is to apply for various car loans through different banks. If you go to the dealer and speak with their financial specialists, they can send your application to various banks to see who will give you the best rate. This will only count toward 1 inquiry on your credit report.
