Credit report card Butte

Options theme by Justin Tadlock Checking Your Credit Score Won’credit report card Butte t Hurt Your Credit Score If you can remember back to high credit report card Butte school physics, you might remember a concept known as Schrödingers cat.

While a full explanation makes it sound extremely complicated (check Wikipedia if youre really interested), the basic idea is that a subatomic particle can credit report card Butte exist in a combination of possible states and the act of looking at it, that is bouncing credit report card Butte photons (light) on it, will actually change the state that it was prior to you seeing it. Anyway, the cat experiment, which is mostly just a thought/psychological thing and credit report card Butte not something real, was a way credit report card Butte for Schrödinger to explain what he meant when he supposed that the very act of looking at the cat changed whether it was dead or alive, since it had equal probability of being either. Now, how does this affect you and your credit score? Well, one would credit report card Butte surmise that, since a credit score is affected by inquiries, if you were to request your credit score (make an inquiry) you would affect your credit score, right? credit 3 Fortunately credit report card Butte for us, there are two types of inquiries known as hard pulls (or inquiries) and soft pulls (or inquiries).

Hard pulls are the ones that stay on your credit history and is seen by anyone credit report card Butte who looks at it, thus hard pulls can have an adverse affect on your credit score. Soft pulls dont stay on your history as long and arent visible to everyone who looks at your credit history. Hard pulls can hurt credit report card Butte your score, soft pulls will not.

For the purposes of my friends question, which was the impetus for this article, checking your own credit score is a soft pull that is no one will ever see that you have done it credit report card Butte so it wont hurt your score. free credit report now As for hard pulls, which generally credit report card Butte are done by companies reviewing your credit report card Butte account (not all companies do a hard pull, some will give credit report card Butte you credit based only on a soft pull), those are the ones that can hurt your score (the credit report card Butte exact amount it hurts isnt well known put people estimate around 5-10 points each). There are two more bits of credit score wisdom I can impart as a result credit report card Butte of reading about it over the last few years: So check your credit score if you want, credit report card Butte it shouldnt affect your score. You might like to know that WaMu credit report card Butte tells you what your score is all the time. FICO 08 has credit report card Butte changed some things about how your credit score is calculated. One of the changes is that hard credit report card Butte pulls are now weighed less and do not impact your credit score as much as it use to. You cant get your score for free unless you sign up for those free trials like those at FreeCreditReport. You can get a free credit report (history, no score) once from each credit bureau every 12 months (from AnnualCreditReport.com). online credit reports You CAN get your credit score for free per the U.S. You can see it via http://www.annualcreditreport.com. Dont go to freecreditreport.com because its not credit report card Butte free, you have to sign up credit report card Butte for their program.

Annualcreditreport.com only gives you the report, not your score. I forgot to link to credit report card Butte it in my original comment though, thanks Alex. I always attributed this to Heisenberg and his Uncertainty Principle.

I guess its the same, but its interesting how the concept is taught different in different places.