ONLINE CREDIT CHECKS

If you have been surfing the internet for any length of time, you have probably noticed that many sites allow you to obtain your credit check - with a click of a button! That's all fine and good - in fact I am a great believer in keeping track of your credit. (Waiting to check your credit status until you are interested in purchasing is often a mistake.)

However, here's something you may not be aware of…each time you request a credit check can count AGAINST your credit score! Yes, you read that correctly! When you apply for credit, a lender is able to learn how many requests have been made regarding your credit.

When there are several, a lender questions exactly how many applications for credit you are currently seeking. (Now, you may not have even been seeking credit, but a lender doesn't know that!) This can have a very negative effect on your credit score - and perhaps for no other reason than you were surfing the internet!