Credit report check free California

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For simplicity's sake, just assume it's all of them. Related Videos There are a number of misconceptions about how a credit score is determined, including the idea that a person's score automatically drops when a credit credit report check free California report is requested.

The truth is that a credit score is determined by individual credit bureaus only after considering a laundry list of factors, such as payment history and number of open accounts.

The number of requests for a credit report, also known as "inquiries," makes up only credit report check free California ten percent of the criteria for a credit score adjustment. credit reports from Some credit experts do say that credit scores can drop as much as five points when credit report check free California a credit report is requested, but others say this is more myth than reality. There are two different types of credit report inquiries, referred to as "soft" or "hard" in the credit world.

A soft credit inquiry occurs credit report check free California whenever a consumer requests his or her own credit card report from a bureau or when a credit report is requested by a current creditor investigating a dispute. identity theft reporting

This type of credit inquiry is not supposed to have any effect on a consumer's credit score, since it was made at the request of the consumer himself or an established creditor. A hard inquiry, however, can lower a consumer's credit score under certain conditions. A hard inquiry occurs when a credit report is requested by a lender considering a credit report check free California new loan or other parties who may have judgments or liens against the consumer. When a credit report is requested by a court or the IRS, for example, a potential lender may be more reluctant to offer the best interest rate or the maximum credit report check free California loan amount. Credit bureaus do understand that a number of hard inquiries connected with housing or car loan applications are not unusual, so when a credit report is requested by more than one lending company for the same credit report check free California purpose within days of credit report check free California each other, it is often counted as credit report check free California only one hard inquiry on the credit report. free 3 credit reports