Internet's first get-out-of-debt community - 136,000 members

If I get my "free credit report" annually, AND/OR if I sign up for monthly credit monitoring, do either of those thing negatively affect my credit?

Thank you!

Posted: Wed Apr 23, 2008 1:41 pm Subject:

Are you asking if they show up as an inquiry?

Posted: Wed Apr 23, 2008 2:02 pm Subject:

I don't think they show as an inquiry, at least I haven't seen it listed. But I have never paid for them, I've always gotten reports based on being rejected for credit or when I've gotten my annual one for free from the govt. So I guess I'm asking if the "paid" ones show as inquiries and therefore bring your score down?

Posted: Sat May 03, 2008 9:55 am Subject:

Pulling your own credit report is always a soft inquiry.If it was a hard inquiry,my score would be zero with the third party service I use for 24 hour monitoring. Laughing

Posted: Tue May 13, 2008 10:04 am Subject:

what third party service do you use for 24 hour monitoring? What is the monthly cost?
Thank you!

Posted: Tue May 13, 2008 11:01 am Subject:

I use credit secure which I have because I am a American Express card holder in good standing and I use true credit as a backup. You can sign up for truecredit at truecredit.com. Cost is around $14.95 per month and allows for daily updates with email alerts.

Posted: Tue May 13, 2008 11:04 am Subject:

does it give you a credit score as well?

Posted: Tue May 13, 2008 11:06 am Subject:

Not a real one but a fake one you can watch for trend lines.

Posted: Tue May 13, 2008 11:11 am Subject:

I don't understand what you mean about fake ones and trend lines, can you please explain?
thank you!

Posted: Tue May 13, 2008 11:14 am Subject:

Only scores from myfico.com can be considered real data as they are the accepted score lenders use. All other scores are fake. True credit's website has trending software built into it that one can use to chart progress.

Posted: Tue May 13, 2008 11:16 am Subject:

so is the "fake score" based on the same data (and in theory pretty accurate) but as it doesn't come from "the right" people it is considered fake?

Thank you!

Posted: Tue May 13, 2008 11:17 am Subject:

No it is nowhere near accurate and it is only feasible to use to track your progress.

Posted: Tue May 13, 2008 11:25 am Subject:

well that's disappointing! So am I correct in saying that the only real way to know your credit score is to apply for credit through a home mortgage company and ask for a copy of the report?

Posted: Wed May 14, 2008 3:40 am Subject:

No anyone can purchase their own Fico from myfico.com.Since this is pricy,I tend not to check them unless I am ready to apply for something. I already have all the credit I need for a long time.

Posted: Wed May 14, 2008 3:47 am Subject:

On MyFICO.com, there is a free trial and a 14.95 per month plan, just like with TrueCredit. It doesn't allow you to update it every 24 hours, because it is an accurate FICO score, not a FAKO, but it's not that expensive. I think there might even be an 8.95 plan, but that one may give you FAKO's only. You should check it out anyway, they have lots of plans to choose from. If it's not for you, no big deal. You could try it free for 30 days... but you'd have to remember to cancel it or they'll charge you!

Guest · Posted: Wed May 14, 2008 6:34 am Subject:

thanks for all of the info guys!

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 136,000 members

Checking your own credit adversely affect your credit score?

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post