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Will Checking my Credit Report Hurt my Credit Scores?

You might be concerned that getting a copy of your credit report could hurt your credit scores. The good news is that pulling your own report is not considered to be an inquiry on new credit. It does not have any effect on your score. It is a smart idea to routinely review your own credit report as a matter of fact. 

Performing a self check on your report will allow you to make certain that the information which the credit reporting bureaus are sharing with lending companies is both current and accurate. 

Each of the three main credit reporting bureaus (Experian, TransUnion, and Equifax) will provide you with a free copy of your credit report once per year. If you are denied credit or you feel your identity has been stolen, you can request additional copies of your report at no cost. 

You might also want to keep a close eye on your credit score. You can do this by signing up for free with Credit Karma. There is a common myth that checking your own score will harm it, but this is not the case. When you check your own credit score, it does not impact the result. However, if credit card companies or lenders check your score, this could lower it.

When either you or a lender checks your score, it will show up on your personal credit report as an inquiry. When you use a third party service like CreditKarma, you can check your score as often as you like without creating any inquiries. 

This means that when you apply for credit, you will see the credit card issuers or lending companies listed on your credit report under inquiries. 

The credit report will also contain records for any lenders to which you did not apply who pulled your credit.