Is your credit affected when checked?
November 25, 2020 | Posted by: Natalie WellingsThe number one question I am asked is, “does applying for a mortgage or having my credit checked ruin my credit score”? The short answer is no! It is normal (and okay!) to have your credit checked from time to time in the course of living your life. If you are doing somewhere between 2-5 credit checks a year your credit score will not be impacted in a meaningful way by having these checks done. In the past, if you authorized an excessive amount of credit checks your score could be impacted and go down. However, Equifax has made some changes to their credit monitoring policies this year and have reduced the impact of multiple inquiries on your credit report if they were done for the same purpose and over a relatively short period of time (example: buying a car or shopping for a mortgage as an example). Read more HERE.