Does getting your free annual credit report affect your credit?
Posted on Feb 06, 2008 with Comments 5
omg00dness asked:
I know that the credit is somewhat based on the number of inquiries on your report. It’s most likely for credit card and loan inquiries, but I’m not sure.
One more thing, since I’m applying for a job, many businesses will be checking my credit, with my permission. Is that also a “soft pull”? Will agencies/businesses be able to see that? Can businesses see other businesses for which I applied for?
Anna
I know that the credit is somewhat based on the number of inquiries on your report. It’s most likely for credit card and loan inquiries, but I’m not sure.
One more thing, since I’m applying for a job, many businesses will be checking my credit, with my permission. Is that also a “soft pull”? Will agencies/businesses be able to see that? Can businesses see other businesses for which I applied for?
Anna
Filed Under: Credit
Only inquiries caused by applying for new credit cause a hard pull which has any affect on your score. Checking your own report is a soft pull and has no affect.
While a hard inquiry might ding your score and a lot of inquiries in a short period might take a bite out of your score, the number of inquiries is really a very, very small part of your score calculation. Your score is mostly based on your payment history and the ratio of revolving debt to available limit.
No, looking at your own report does not count as an inquiry.
Nope, it will not affect your score at all
It does not affect your credit in any way. It’s consumer initiated inquiry. A request for your credit report shows as a consumer inquiry when you run a credit check on yourself and that does not count against your credit..
Most business do not check the credit reports of applicants until they decide that they want to hire the person unless they find something bad on the credit report, reference check, or drug test. They do not check the credit reports of everyone who applies or even everyone who interviews.