When You get a credit check done does it bring your credit score down or up.?

When You get a credit check done does it bring your credit score down or up.?

The Answer : It sure does. Whenever you officially apply for credit, it creates an inquiry that drops your score 5 points, and the inquiry lasts 2 years, however it doesn't have an effect on your score after a year.

Everytime a company checks your credit it DROPS your scoreso applying for alot of credit cards, or car dealerships or apartments, each inquiry will DROP you score, so be very choosy!

Each inquiry brings your score down. But if you have multiple inquiries for a mortgage or car within a 14 day period, it only counts as one inquiry for score purposes. This is done because it's not fair to penalize someone who is shopping for a good interest rate. The reason the score is affected at all is because someone with multiple inquiries is viewed to be applying for mutiple credit cards, etc, which can be a red flag for unwise credit choices, which leads to delinquency.

Don't worry, your credit score is fluid, and changes over time. As time passes, your score will come back up (provided you pay on time, and are not close to the limit on your credit lines.) BTW, when I say "inquiry" I am referring to a "hard inquiry" when you APPLY for credit. If you check your own credit score, or if one of your creditors checks your score but you did not apply for additional credit, or if the credit bureaus sell your credit report to potential creditors who are looking to send offers to people with good credit, then your score is not affected at all. These are called "soft inquiries." HTH