05-12-2008, 09:23 PM
[quote jdc]doesnt it affect your credit negatively if you check a lot?
or does that have to do with something else?
No, that's pretty much right -- inquiries can affect your score, but... you are entitled to one free check (from all three bureaus) per year. I just checked mine, and did notice that at least one of the three bureaus is separating inquiries that affect your score from inquiries that don't. (One would assume your checking your own score should fall in the latter category.) This makes a lot of sense. Since you cannot directly control who does the inquiries, this doesn't seem quite fair, but I'd also assume that inquiries are not a major factor in the determination of your score.
or does that have to do with something else?
No, that's pretty much right -- inquiries can affect your score, but... you are entitled to one free check (from all three bureaus) per year. I just checked mine, and did notice that at least one of the three bureaus is separating inquiries that affect your score from inquiries that don't. (One would assume your checking your own score should fall in the latter category.) This makes a lot of sense. Since you cannot directly control who does the inquiries, this doesn't seem quite fair, but I'd also assume that inquiries are not a major factor in the determination of your score.