How does a creditor pulling credit report affect your credit?

How often can you pull a report without negative consequenses?

How does a creditor pulling credit report affect your credit?

Pulling your credit does lower your score, however it makes only a very slight difference. The reason being if you have applied for a lot credit products recently, it can be a red flag for fraud(trying to simultaneously get loans at different places at the same time, it can also show a desperation to get cash that you are not able to pay back at that time. Keep in mind though that the credit report not only shows that difference in the score, but it has a history of every company that has recently pulled your credit.

If you are a smart shopper and know where you want to do business before you start the loan process you can avoid causing your score to dip.

How does a creditor pulling credit report affect your credit?

it doesn%26#039;t all that does is allow the creditor to see if they want to make u a loan or not. also it gives them an ideal how risky the loan would be if they went through with the deal.

How does a creditor pulling credit report affect your credit?

Only inquiries where you have requested credit will impact your credit score. Existing creditors running periodic checks, employers, security checks, hospitals or other such do not show up on a report being for new requested credit. However when you request your credit report from the bureaus themselves you can see these inquiry types.