Be free from worries if you think that checking your own credit report can hurt your credit score and reflect in your credit report as an inquiry. There are 2 types of credit inquiry.
- Hard Inquiry
- Soft Inquiry
A Hard Inquiry occurs when a lender with whom you have applied for credit reviews your credit report as a part of their decision making process. This type of inquiry appears on your credit report and can influence your credit scores.
Keep in mind that when you make multiple inquiries for a credit card or loan in a short time span, your creditor considers you as a credit hungry and considers you a risk profile to lend you. So avoid multiple hard inquiries to keep your credit report neat-o-clean and your credit score well maintained.
A Soft Inquiry occurs when you check your own credit or when a lender or credit card company checks your credit to pre-approve you for an offer. Soft inquiries do not impact credit scores. It means you can check your credit report as many times as you want. In fact you should make a habit to check your credit report on a regular basis.
To prevent the impact of hard inquiries on credit score, you should always check your eligibility before applying for a credit card or loan.
You can check your Credit Score with Apoorvaa and know the current credit standing. Just relax..! This is considered as a soft inquiry and has no impact on your credit score