: why does it hurt your credit score to get information about your credit score?

Question

: why does it hurt your credit score to get information about your credit score?

In: 1

Answer 1

The more debt you have, the more likely you are to default on at least one of them. If you’re checking your credit score (other than through regular monitoring) you’re probably thinking of taking on more debt.

Now, bear in mind there are also “soft” and “hard” inquiries. When you do something like check your credit score through a service provided by a credit card or through the governmant-backed AnnualCreditReport.com that’s a “soft” inquiry and doesn’t impact your score. The assumption is that you’re just monitoring your score in that case. It’s only “hard” inquiries that are considered intent to incur more debt and ding your score.