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Question

Mike Librett
Newcomer

Mike Librett asked about a year ago in Credit Cards

Checking Credit reports too much?

Hey I noticed that it said that too many claims to your credit give a sense that you are on a debt binge. If you claim your credit report too many times can this actually lower your score?

Thanks,
Mike

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David R Hanson
FiLife Contributor

David R Hanson responded about a year ago

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Yes Barclay. These "promotional" inquries to which you refer are "soft", causing no damage to your credit.

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David R Hanson
FiLife Contributor

David R Hanson responded about a year ago

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Hi Mike,

Great question. You are correct that many credit "inquiries" can concern potential and current lenders. However, only "hard" inquires--those performed by current and potential lenders, under your authorization--count against you in this fashion.

When you "pull" your own credit report, it's considered a "soft", not a hard inquiry. And soft inquiries never hurt you. So, as long as you do it yourself, through a service designed to be used only by you, then check away. :)

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Barclay
Staff

Barclay responded about a year ago

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Do credit card companies still make unsolicited inquiries into people's credit histories for the purpose of offering a credit card? Would these be considered soft inquiries?

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