12d ago in Credit 101 (NO PROMOS)
**Does Checking Your Credit Hurt Your Score?**
A lot of people worry that checking their credit will lower their score, but that’s not the case. Let me break it down for you.
### **Two Types of Credit Inquiries**
1. **Soft Inquiries:**
- This happens when you or someone else checks your credit for information, not for lending.
- Examples include checking your own credit score 📊, pre-approval offers 📩, or job background checks 🧑💼.
- **Impact:** Soft inquiries **don’t affect your score** at all. 👍
2. **Hard Inquiries:**
- This happens when a lender checks your credit to decide if you qualify for a loan or credit card.
- Examples include applying for a mortgage 🏡, car loan 🚗, or new credit card 💳.
- **Impact:** Hard inquiries **can lower your score a little**, but it’s usually just a small, temporary drop ⬇️.
### **How Hard Inquiries Affect Your Score**
- One hard inquiry won’t hurt your score much, but if you have several in a short period, it can lower it more.
- If you’re shopping around for a mortgage or car loan, don’t worry—multiple inquiries within 14-45 days count as one 🛒.
### **Why You Should Check Your Credit**
- **Catch Errors:** You’ll be able to spot mistakes or fraud early 👀.
- **Track Your Progress:** By checking your score regularly, you can see how your good financial habits are paying off 💪.
- **Be Prepared:** Know your score before making big purchases, like a house or a car 🏠🚘.
### **How to Check Your Credit for Free**
- Many banks and credit card companies also offer free credit score monitoring 💳📱.
### **Conclusion**
Checking your credit doesn’t hurt your score as long as it’s a soft inquiry. Stay on top of it, and take control of your financial health! 💯
4
2 comments
**Does Checking Your Credit Hurt Your Score?**
skool.com/myfreecreditskool-1499
CREDIT HACKS AND GROWTH FOR FREE!!! EDUCATE YOURSELF ON CREDIT AND GET ANYTHING YOU WANT HOUSE< CAR< HIGH LIMIT CREDIT CARDS
Leaderboard (30-day)
1
+42
2
+22
3
+9
4
+9
5
+7
powered by