If you are pulling your own they don%26#039;t drop. If a company is pulling your credit it drops because it is presumed that the more credit you aplpy for, the more debt you will obtain. Go to www.myfico.com for more info.
Why my credit scores drop when I pull my current credit report?
Pulling your own report through the FTC%26#039;s free report site does not decrease your credit score. If a potential creditor, with your authorization, pulls your report, it does.
Why my credit scores drop when I pull my current credit report?
Evry time you get a credit report it drops your score.
Why my credit scores drop when I pull my current credit report?
You scores drop with each credit inquiry regardless of if credit was extended or not.
Why my credit scores drop when I pull my current credit report?
A credit pull or inquiry could be seen as the same thing. I can say I will pull your credit and it will show as another inquiry in your report. BUT if you pulled your own credit report, your score will not drop.
The real reason why credit scores drop whenever other than you pulls your credit report is because that is a sign that you are trying to obtain more credit therefore this shows you are becoming a more riskier consumer by having more credit available to you.
If you are shopping for a loan for a car I suggest you purchas your credit report/score from one of the 3 credit bureaus websites and take this to the dealers so they can give you an estimate without running your credit and decreasing it everytime this happens.
However if you are shopping for mortgage loan, it is a little bit different. If you already found a good mortgage broker they will pull your credit, then obtain a copy and if you still want to shop around then take this copy to another mortgage broker. This way your credit wont drop as opposed to having every mortgage broker run your credit everytime.
Good luck
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