Does Checking Your Credit Hurt Your Credit Score?

Sep 10, 2020

Welcome to Life Designers, your trusted partner in the world of credit management. As a leading business and consumer services consulting company, we provide expert insights and guidance to help you navigate the intricate landscape of credit reporting and scoring. Today, we will address one common concern shared by many individuals – does checking your credit report affect your credit score?

Understanding Credit Scores

Before we dive into the impact of checking your credit report, let's first grasp the fundamentals of credit scores. Your credit score is a three-digit number that reflects your creditworthiness. It is a crucial factor that lenders, landlords, and even employers consider when evaluating your financial trustworthiness.

While the specific algorithms used to calculate credit scores may vary, the industry standard is the FICO score. Your FICO score considers several factors, including:

  • Payment history
  • Amount owed
  • Length of credit history
  • New credit applications
  • Credit mix

Now that we have a foundation, let's delve into the effect of checking your credit report.

The Impact of Credit Report Checks

Rest assured, as an individual interested in monitoring your credit health, checking your credit report will not harm your credit score. In fact, it is highly encouraged to review your credit report regularly for accuracy and to detect any potential fraudulent activities.

There are two types of credit report checks – soft inquiries and hard inquiries. Soft inquiries are the ones you initiate yourself, including obtaining your own credit report or when potential lenders perform pre-approval checks. Soft inquiries have no impact on your credit score.

On the other hand, hard inquiries occur when you apply for new credit, such as a mortgage or credit card. These inquiries are recorded on your credit report and can have a slight negative impact on your credit score. However, the effect is typically minor and temporary, lasting for a few months at most.

Monitoring Your Credit Regularly

Monitoring your credit regularly is an important practice for maintaining a healthy credit profile. By checking your credit report, you can identify any errors or discrepancies and take the necessary steps to rectify them.

At Life Designers, we recommend following these best practices for credit report monitoring:

  1. Request a free credit report annually from each of the three major credit bureaus – Experian, Equifax, and TransUnion.
  2. Review your credit report thoroughly, ensuring that all the listed accounts and information are accurate.
  3. If you identify any errors or discrepancies, contact the credit bureau in question and provide them with the necessary documentation to initiate a dispute.
  4. Consider enrolling in a credit monitoring service to receive regular updates and alerts regarding changes to your credit report.


In conclusion, checking your credit report does not harm your credit score, as long as the inquiries are soft inquiries or occasional hard inquiries related to credit applications. Monitoring your credit regularly is a responsible practice and offers you the ability to proactively manage your credit health.

At Life Designers, we are committed to assisting individuals in their credit management journey. Whether you need guidance on improving your credit score or strategic financial planning, our team of professionals is here to help. Contact us today to take the first step towards a brighter financial future.

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