Does Checking Your Credit Hurt Your Credit Score?

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The first step in any credit-related goal is to get your credit score. Are you thinking of checking your credit, but worried it may hurt your credit score? If so, you’re not alone. The idea that checking your credit negatively affects your credit score is a common belief — but rest assured, it’s false. Read on to find out more about checking your credit and the impact it has on your credit score.

Does checking your credit score hurt your credit? Not always.

Do you know what your current credit score is? As we mentioned, the first step to any credit-related process is knowing and understanding your credit score. Checking your own credit score is safe, in that it doesn’t harm your score, but not all inquiries are the same. The fact that checking your own credit doesn’t hurt your score is great news, since research has shown that regularly monitoring your credit can help lead to a higher score.

In other words, not only will checking your credit not hurt your score, it can actually help you improve it. Improvements aside, let’s take a closer look at why understanding the process of checking your credit is so important.

Why is checking your credit score important?

Many of today’s consumers believe that checking their credit will have a negative impact on their score. As a result, a large number of consumers tend to avoid regular credit checks, meaning that many people may be missing errors or inaccuracies on their report — which can lead to a lower score. As such, it’s important for you to regularly check your credit to stay on track and make sure your score is where you’d like it to be.

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Understanding how to check your credit

When it comes to monitoring your credit, it’s important that you fully understand how to check your credit. To help with this, we’ve broken down some of the most common misunderstandings about how to check your credit, including what goes into your credit score, the difference between hard and soft inquiries, and more.

What’s in a credit score?

First things first, what exactly is your credit score, and how it is calculated? Your credit score is a numerical reflection of the information that is found in your credit report — or a representation of your ability to repay a debt as agreed. It can also show your use and responsibility with using credit.

In other words, it’s a simple number that carries a lot of weight.

There are many different versions of credit scores, with different scoring models and different types of scores, but almost all of them are based on the following factors:

  • Payment history.Your payment history has the single biggest impact on your credit score of all factors. Always make at least the minimum payment, and make all of your payments on time each month.
  • Credit utilization.This is simply a fancy term for how much of your available credit you’re currently using. For the best score, you should aim to keep this number at or below 30%. Some experts even suggest trying to stay below 10%, although this can sometimes be difficult.
  • Length of credit history.The length of your credit history also factors into your score. Always keep your oldest accounts open and in good standing.
  • Types of current credit.Creditors and lenders like to see responsible use of a mix of credit types. If you only have credit cards, consider adding a credit builder loan. Similarly, if you only have something like a student loan on your credit report, consider applying for a credit card or store account card.
  • Account inquiries.The number of credit inquiries for your account can also impact your score. As we’ve mentioned, soft inquiries (when you check your credit yourself) do not affect your score, but a hard inquiry, such as when you apply for a new credit card, does. Limit the number of your applications to help you achieve your best score.

Let’s take a closer look at just how much each of these factors can impact your score.

FICO Scoring Model Calculation (Weight) Factors

Credit FactorsCredit Score Weight
Payment History35%
Credit Utilization30%
Credit Age15%
Different Types of Credit10%
Number of Inquiries10%

Source: Data found September 26, 2018. Boeing Employees Credit Union website. Understanding Your FICO Score. Retrieved from https://www.becu.org/articles/understanding-your-fico-score

The only category above that could possibly be impacted by checking your credit score is account inquiries or new credit opened. As you’ll notice, the bulk of your credit score factors reflect more on your responsible use of credit — paying your bills on time, being responsible with the amount of credit you use, and being able to handle different types of credit (e.g., student loans and credit cards).

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Hard inquiries vs. soft inquiries

Did you know that there are different kinds of inquiries when it comes to checking your credit? Hard inquiries, also known as hard pulls, are the kind of inquiries that can cost you points on your score. This type of inquiry occurs when someone pulls your credit to make a decision about whether or not to extend credit (or even additional credit) to you.

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How hard inquiries affect your credit score

Keep in mind that these types of inquiries should never happen without your consent, knowledge, or approval. If you see hard pulls on your credit report that you are not familiar with, contact the credit bureaus to make sure they are indeed something you requested. FICO, the originator of the most widely used and recognized credit scoring model, says that a hard inquiry may cost you up to 5 points using their system. VantageScore, FICO’s main competitor, takes hard inquiries more seriously — indicating that this type of pull could cost your score as much as 20 points.

How soft inquiries affect your credit score

By contrast, a soft inquiry or a soft pull is when you check your credit score, or when a lender is looking to pre-approve you for a loan or a credit card. These types of inquiries have no impact on your score.

So what’s the bottom line? Several hard inquiries at once, such as from applying for a number of credit cards at the same time, can have a significant impact on your credit score. And keep in mind that any hard inquiry will stay on your credit report for 2 full years — although any impact the inquiries have on your score will fade much sooner than that.

Here’s how those inquiries impact your credit score. With 4 hard inquiries in 90 days, you could expect your credit score to drop by more than 50 points. By contrast, the same number of soft inquiries doesn’t affect your score at all.

Don’t let this stop you from shopping around when seeking a new car loan or a mortgage loan. If you have several hard pulls all for the same product, such as a car loan, within 14 days, they will all only count as one pull. This is to allow the consumer make a good financial decision without feeling pressured to go with the first lender they speak with.

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Best practices for checking your credit score

When it comes to checking your credit score, here are a couple best practices that you should keep in mind:

  • There are several different kinds of credits scores, often with many different versions. When you’re monitoring your credit, make sure that you’re checking the same credit score, as well as the same version of it, each and every time. This way, you’re making sure that you’re comparing apples to apples. While credit scoring models mostly measure the same things, different versions may weigh items differently or may use a different scale.
  • You don’t need to purchase identity theft protection or expensive credit monitoring services to see an accurate report of your score. There are several ways to get your credit score for free, including many credit card accounts and bank accounts.
  • It is recommended that you check your score regularly, at least once a month (keep in mind that you can do this for free with Credit Sesame). Credit Sesame also provides free credit monitoring for its members.

Benefits of learning about checking your score

We know you hear it over and over, but the truth bears repeating — your credit score and your credit health play a huge role in so many aspects of your life. Knowing how to correctly check your score will give you a regular and accurate snapshot of your credit health, which can help with everything from saving money on your credit cards to qualifying for a mortgage to purchase your dream home. Checking your score regularly is one of the most effective ways to stay on top of the necessary steps to maintain or even improve your credit.

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So, does checking your credit score hurt your credit?

It depends!

To recap, the most important takeaway here is that checking your credit does not hurt your credit score. There is a difference between hard and soft inquiries — hard inquiries happen when you apply for a new line of credit, and a soft inquiry is when you check your own credit. Soft inquiries don’t affect your credit score, but hard inquiries can lower your score from just a few points to sometimes many more.

Checking your credit is an important first step to maintaining good credit health. Checking your credit score regularly can be a good indication if something is off in your credit report. Before you apply for a loan for an expensive item, such as a car or a house, it’s smart for you to be aware of what potential lenders will see when processing your application. Knowing where you stand gives you the chance to shape up your credit, if necessary, before submitting your application.

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Reach your goals.

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Get your FREE credit score in seconds.

By clicking on the button above, you agree to the Credit Sesame Terms of Use and Privacy Policy.