is it right to check your credit score regularly?

Is it Right to Check Your

Credit Score Regularly?

By:

This is possible for

two types of inquiries.

Checking your credit score regularly would not affect your credit

scores in any way.

First is the result of your application for credit or any

transactions initiated.

Inquiries that are the result of an application you submitted can indicate that you have additional debt not yet shown as an account on your credit

report.

The second is the result of a review that does not involve

your credit account.

Unlike the first type, this is shown only to you. It will not affect your credit scores either and are

never received by lenders.

What most people overstate is the idea that

checking your credit scores regularly

has a big impact on your credit score. Truth is,

recent inquiries are listed

as a credit score factor but have little

impact on credit decisions.

If you have no negative information such as

criminal records, unpaid bills, and late payments in your credit history, there is

no reason for your application to be declined

just because you checked credit score regularly.

Lender's decision does not rely on how frequent you

check your credit score. They focus more on your

negative issues.

Source:http://www.newhorizon.org/credit-info/checking-credit-score-regularly-affect-credit-report/

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