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 Posted: Thu Aug 02, 2007 3:04 pm Subject: updating my credit score on True Credit - a good idea? |
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I recently joined True Credit. Am I doing myself harm by clicking on the "update score" button? Does this make True Credit pull all 3 of my reports, thus resulting in a "hard inquiry"? How often should I be updating my score?
Thanks!
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steve100100
Guest
Debtcc Points: 100
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| Posted: Thu Aug 02, 2007 4:25 pm Subject: |
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No, you are not doing any harm to your credit by updating your scores. Moreover, requesting for a credit report is treated as a soft inquiry, not a hard inquiry.
For accurate credit information, you can pull your copies from https://www.annualcreditreport.com/ They are a part of the FTC website and trusted for accurate information.
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Trenity
Joined: 14 Mar 2006
Posts: 510
Debtcc Points: 6278
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| Posted: Fri Aug 03, 2007 5:32 am Subject: |
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No. It has no negative impact on your credit score because you are a consumer and you are simply reviewing your own credit report. But when you are making an application for credit it is known as hard inquiry. It shows up in your report and too many of such credit inquiries adversely affect your score. Usually a hard inquiry affects your score for around 6 months.
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goodnelly
Debt Samaritan
Joined: 20 Jun 2007
Posts: 632
Debtcc Points: 8494
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