Would my credit score reduce if a credit check is requested by someone/credit score is requested by

To better and clearly answer your question, I will categorize it in two parts, namely, hard inquiry and soft inquiry.

Hard inquiry: An item on a person%26#039;s credit report that indicates that someone has asked for a copy of the individual%26#039;s report. Hard inquiries are requests that result from a person applying for credit, such as a mortgage, a car loan, a credit card or a rental application. They are included in the formula for determining a person%26#039;s credit score.

Soft inquiry: An item on a person%26#039;s credit report that indicates that someone has asked for a copy of his or her report. Soft inquiries can be from current creditors reviewing the file, prospective creditors who want to send out an offer such as a pre-approved credit card, or a person%26#039;s own review of their file. They are not included in the formula for determining a person%26#039;s credit score.

In summary, if you request for a copy of your credit report by yourself, it will not affect, that is, lower your credit score. On the other hand, many inquiries from creditors to determine whether you qualify for prospective offers or loans within a short period of time, say, within three months, will definitely drop your score significantly.

I advise that you eschew many inquiries within short intervals and only apply for credit when you are sure you would obtain it. Moreover, use credit wisely. Pay your bills on time and avoid opening multiple credit accounts within short times. Avoid late payment - and as time progresses, you will see your credit score go up substantially.

Best wishes.

Would my credit score reduce if a credit check is requested by someone/credit score is requested by me?

yes .., it lowers credit score if there are many credit checks whcih show that you are looking for credit

Would my credit score reduce if a credit check is requested by someone/credit score is requested by me?

Requesting your own credit score does NOT affect your rating. If you apply for a credit card or loan, etc. and the company requests your credit report, then it DOES get reported as an inquiry, which will affect your credit score. But from what I understand, inquiries don%26#039;t have a huge impact (although they do have some inpact) on your score, unless you have multiple inquiries over a relatively short time frame.

Would my credit score reduce if a credit check is requested by someone/credit score is requested by me?

Checking up on your own credit score will not have any impact on your score itself. If an outside agency (collections, bank) decides to pull your credit rating, your score will be reduced by a couple of points.

It is best practice to check your own score. You are entitled to at least one free credit check each year.

Check out this link for more information:

http://www.creditave.com/credit-cards/ho...