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Does checking my credit score lower it?

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Do Credit Scores that I check Lower It?

The fact that you check your credit report won’t hurt your score. It’s secure and wise to check it often.

By Bev O’Shea personal finance writer | MSN Money, Credit.com, Atlanta Journal-Constitution, Orlando Sentinel Bev O’Shea is a former NerdWallet authority on consumer credit, scams and identity theft. She holds a bachelor’s level degree in journalism from Auburn University and a master’s in education from Georgia State University. Before coming to NerdWallet, she worked for newspaper publishers, including daily ones, MSN Money and Credit.com. Her work has been featured on The New York Times, The Washington Post, the Los Angeles Times, MarketWatch, USA Today, MSN Money and many other places. Twitter: @BeverlyOShea.

and Amanda Barroso Lead Writer | Credit scoring, budgeting, personal finances Amanda Barroso is a personal financial author and has joined NerdWallet in 2021 and focuses on credit scoring. She also wrote data-driven studies and has contributed to NerdWallet’s “Smart Money” podcast. Prior to joining the team, Amanda spent more than 10 years covering the issues that affect many Americans including writing in the Pew Research Center and a policy analyst for the National Women’s Law Center and a college professor. Amanda earned a doctorate from The Ohio State University.

January 1 Feb 2023

Written by Kathy Hinson Lead Assigning Editor Personal financial, credit scoring, financial management and debt Kathy Hinson leads the core personal finance team at NerdWallet. Previously, she spent 18 years working at The Oregonian in Portland in positions such as copy desk chief and team editor and designer. Prior experience includes news and copy editing for various Southern California newspapers, including the Los Angeles Times. She graduated with a bachelor’s in mass communications and journalism in The University of Iowa.

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If you check your credit score yourself you won’t see it drop. However, if a lender or credit card provider is doing it the same, it could.

Either way, you’ll see the word “inquiry” to your credit score. This means that somebody either you or a lender pulled your credit. (A is your record with credit. Credit scores are calculated based on information in your credit reports.)

If you’ve had a credit report , you’re likely to be able to see the credit card issuers that are listed on your report. There are also collections agencies, lenders to whom you have not applied as well as records of the time you checked your own credit.

How often does checking my credit score lower it?

” ,” also called “hard pulls,”” are those that could cost you points. They occur when you are to decide whether to grant credit (or additional credit) to you. These difficult inquiries shouldn’t happen without your consent or knowledge.

You can look over your hard inquiries on NerdWallet’s summary, which updates every week. You can also review your free credit report at to see who has examined it over the last two years. Consumers can access these reports every week until 2023.

A hard inquiry might cost you as much as five points according to , the creator of the most widely used scoring formulas. With VantageScore which is a growingly popular credit scoring system an inquiry that is hard to conduct is likely to cost even more.

In contrast an “soft inquiry” or “soft pull” is when youor a lender trying to approve you for the loan or credit cardexamines your credit score. A soft inquiry has no effect to your score.

So, if you apply for many credit cards at the same time you could see a significant drop in your credit score. Before you apply make sure you conduct studies on the card that will meet your particular financial needs with your eligibility conditions in your mind.

The credit report will show a number for two years. However, any impact on your credit score dwindles sooner than that.

Keep up with your credit score

We’ll notify you whenever your score fluctuates, and offer free tips on ways to keep building.

Why checking your credit is smart

often can inform you that you notice something amiss. A significant, unproven change in your score could be the first sign of a problem or error in your credit report.

When you are applying for credit, it is beneficial to be aware of what the credit card or lender issuer will be looking at when evaluating your application. Knowing your credit score will help you avoid losing points applying for credit products that you aren’t eligible for.

Also, knowing where you are in the process can help you polish your credit score before you apply for credit.

Most frequently asked questions Can I check my credit score free?

A lot of credit card issuers as well as personal finance websites offer score credit that is truly completely free for customers. If you’d like specific scores from a particular credit bureau, then you might have to pay.

How come your credit score decrease when you look at it?

Checking your own credit does not affect your score. But your credit score can decrease if someone else checks it. That would happen if you applied for a loan, credit card or even an apartment.

What is the average number of points your score go down for an inquiry?

FICO states that for the majority of people, the average is five points for a so-called “hard question.” VantageScore could fall as low as 10 points and be recouped within three months.

Is checking my credit score completely free?

Many credit card issuers and personal finance websites offer credits scores which are truly free to consumers. If you’d like a certain version from a specific credit bureau, then you may have to pay.

Why does your credit score decrease when you look at it?

Checking your own credit does not affect your score. But your score could be affected if someone else checks it. This could happen if you were to apply for an loan, credit card or perhaps an apartment.

How many points will your score drop for an inquiry?

FICO says for most people, it’s about five points to make a “hard question.” VantageScore could fall as low as 10 points, recoverable in about three months.

How to check your credit score without damaging it

Remember these points when you look at your score on credit:

There are often several versions. When you monitor the credit scores of your clients, be sure to use the same credit score and the same version of it every time. Otherwise you’re comparing apples with oranges. Credit scoring models measure mostly the same thing, however they could weigh different and employ different scales.

You don’t have to pay for identity theft security to view your scores. There are many ways to get your score at no cost. They may come from a credit card, or you can request a free credit score from NerdWallet which is updated weekly.

In this day and age, where identity theft and data breaches are common, checking your score regularly is just good hygiene for your credit.

The authors’ bios: Bev O’Shea was a credit editor at NerdWallet. Her work was published in publications such as the New York Times, Washington Post, MarketWatch and elsewhere.

Amanda Barroso covers consumer credit and debt for NerdWallet. She previously worked in the Pew Research Center and earned her doctorate at The Ohio State University.

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