Does checking my credit affect my credit score?

Imagine your credit score is like a report card for how well you manage your money. When you check your credit score, it's like asking the teacher to show you your grade. Now, just asking the teacher won't affect your grade, right? Similarly, just checking your credit score won't hurt your credit.

However, there is something called a "hard inquiry" that can temporarily lower your credit score. It's like when the teacher asks you to take a surprise test. This happens when you apply for a loan or a new credit card, and the lender checks your credit history. In such cases, the lender wants to know if you're a responsible borrower.

So, remember, checking your credit score yourself won't hurt it. But applying for new credit can have a small impact. It's important to be mindful of how often you apply for credit to keep your credit score in good shape.

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