How to check free credit report Louisiana

A credit card how to check free credit report Louisiana company or other business might pull a copy of your credit report in order to confirm your identity before sending you a new credit card invitation in the mail.

These are also considered soft credit inquiries because they are the result of others trying to solicit your business. You probably had no knowledge of the company’s action and the credit pull does not indicate that you were seeking more credit lines. So there how to check free credit report Louisiana is no need to worry about these types of credit inquiries. Hard InquiriesHard inquiries, on the other hand, are the kind that do have the power to bring down your credit score.

Hard inquiries occur when you are in the process of applying for credit with some business. credit score scale

Most commonly you will have hard pulls, when you are looking for a new mortgage loan, auto loan, or credit card accounts.  These businesses will pull your credit report to see if they judge your history worthy of their funding. Credit bureaus will ding your score for these inquiries because they reflect a greater need for credit.

Fortunately, just one inquiry will not have a significant negative impact on your score.

One hard pull will likely bring your score down by 5 points for the following six months. free 3 in 1 credit report and score There is some debate about how many credit inquiries you can have in a certain amount of time. Some sources say that when you are shopping around for loan, if you have several lenders pull your credit within a short amount of time, they how to check free credit report Louisiana will all only count as one hard pull on your score. Other sources are convinced that every inquiry counts individually.

No matter who is right, when you are shopping around for a loan how to check free credit report Louisiana you are going to have to let several businesses check your credit, so your credit score how to check free credit report Louisiana will suffer a little from the process. Yet since a hard inquiry is only worth about 5 points, you score should be able to survive the ordeal just fine. free-annual-credit-report.com

Knowing the difference between soft and hard credit inquiries will hopefully give you some peace of mind when it comes to your credit score. In any case, your credit is an extremely valuable possession and you should do your best to be educated about credit scoring and how to protect your score! My credit was such an embarrassing mess, that I pretty much just gave up on the idea of ever having good credit.