My bank is offering a free credit report, but I have heard that checking your credit can actually be

I%26#039;m not worried about hidden fees or any of that sht, I%26#039;m very careful. Just wondering if it will have an adverse effect on my credit.

My bank is offering a free credit report, but I have heard that checking your credit can actually be bad 4 it.

Too many inquiries into your credit drive your credit score down. The reason? The credit models do not take into account the %26quot;shopping for a good rate%26quot;, it sees it as being unable to obtain financing. Checking your credit report is a good thing to do once a year (some say twice) to be sure you have not been an identity fraud victim. Just keep track of when and who you authorized to pull your credit report.

My bank is offering a free credit report, but I have heard that checking your credit can actually be bad 4 it.

Just dont have it checked too often. One free report is not a bad thing. It is really helpful to know your score too.

My bank is offering a free credit report, but I have heard that checking your credit can actually be bad 4 it.

Turbo Baby is half right. If someone else pulls your credit report it hurts your score, however if you pull it for review it does not count against your score at all.

My bank is offering a free credit report, but I have heard that checking your credit can actually be bad 4 it.

Pulling your own credit report makes no difference to your score. But also, in exact opposite to what Turbobaby has said, the scores actually DO recognize rate shopping, and will disregard repeated inquiries in a short time.

That really has no bearing here, though, all that matters is that checking your own report doesn%26#039;t hurt you.

My bank is offering a free credit report, but I have heard that checking your credit can actually be bad 4 it.

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