quote:checking your own score doesn't, but a company checking does? Surely when you check you use a company to get it for you? I'm not getting the logic.
Your credit score is lowered every time a company checks your credit score and does not issue credit, so don't apply to lots of stuff if you know you have bad credit or if you're just starting out. Checking your own credit score does NOT lower it, so check it as often as you need or want to
quote:I don't get how it works exactly, but I understand why. If I was unable to check my own credit score without lowering it, then I would not know what is on my credit report, and that could damage my credit further if there are errors on there, or a company illegally checked my score without offering credit, or if something that should have been removed from my report wasn't removed. So we have the right to check our own credit without lowering the score so that we can ensure its accuracy. But how they distinguish between you checking your own credit and some company checking it I don't know.
Originally posted by flid:
checking your own score doesn't, but a company checking does? Surely when you check you use a company to get it for you? I'm not getting the logic.
quote:I know this may not apply to the US, but I find it hard to think that these systems would be dramatically different in other countries.
Someone told me that last year
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quote:This is incorrect. Having all those CC's are not bad for your credit rating itself. If anything, it's positive becuase you will have a number of acceptances, to get the CC's in the first place.
Having lots of credit cards, even if they have zero balances on them and you always make your payments on time, lowers your credit score.
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Be Good, and if you DONT be Good, Buy a Pram!