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Checking your own credit report or score won't affect your credit scores. It's an example of a soft inquiry?a request for credit info that does not affect credit scores. Experian, TransUnion and Equifax now offer all U.S. consumers free weekly credit reports through AnnualCreditReport.com.
Highlights: Checking your credit reports or credit scores will not impact credit scores. Regularly checking your credit reports and credit scores is a good way to ensure information is accurate. Hard inquiries in response to a credit application do impact credit scores.
How do you improve your credit score? Review your credit reports. ... Pay on time. ... Keep your credit utilization rate low. ... Limit applying for new accounts. ... Keep old accounts open.
How do hard inquiries impact your credit score? A hard credit inquiry could lower your credit score by as much as 10 points, though in many cases the damage probably won't be that significant. As FICO explains: ?For most people, one additional credit inquiry will take less than five points off their FICO Scores.?
Being denied a credit card doesn't impact your credit score, but anytime you apply for new credit it adds a hard inquiry on your credit report. Hard inquiries can remain on your credit report for two years though their effect on your credit score may not be as long.