Posts Tagged ‘down’

I have heard from several people, who check credit scores online, that by checking your credit score online it will lower your actual credit score. Is this true or false? If it is true, why would that lower your credit score?

Being fairly new to credit I know most of the basics. When I comes to credit score though I keep hearing different stories. What really goes into finding your credit score and does it go down ask to know what it is?

it is my first time to try to go out and get a free credit report and while i was entering the net shuts down. can i go back into it again with no problem?

Thank you for your recent application for Blue from American Express. After reviewing your request, regrettably, we are unable to open an account for you at this time for the following reason(s):

We have been unable to obtain your consumer credit bureau score from the agency(ies) identified below.

The consumer credit reporting agency provided the following information regarding your credit file:

The Profile report does not contain any tradelines that have been open for at least six (6) months.(Experian)

I would prefer answers from people who work in the credit industry and can tell me roughly the number of points, and how long it will take for my score to recover once the new higher available credit kicks in…

I know part of your credit score is determined by how much available credit you have. I closed several cards a few years back before I knew it would hurt my score, and now I have very little credit available. I have excellent credit otherwise, and pay off anything I charge the next month. However, I do have a balance I’ve been slowly paying down, and want to open a new card so that my balance takes up less of a proportion to my total credit debt.

How much will this ding my credit in the short term? And how long will the point drop last?