What Does Not Affect My Credit Scores?

Previous blogs have discussed why your credit scores can decrease. Unpaid bills, excessive use of credit and identity theft can significantly lower your credit scores. However, there are also factors that do not affect your credit scores. Factors that would not affect your credit score include: Checking your scores or reports. You can pull your free credit reports from Equifax, TransUnion and Experian once per year. In addition, many private services allow you to check your scores. Your credit scores are not affected if you are the one pulling the information. However, your scores could be minimally affected if a lender does a “hard pull” on your credit history. Using your debit card. Your credit scores are not affected by using a debit card. Only credit utilization is considered by your credit reports (and therefore your scores). However, your credit could be affected if you overdraft a debit card and the remaining balance is reported to the three credit bureaus.…

Read more detail on Recent Bankruptcy posts –

This entry was posted in Bankruptcy Law and tagged , , . Bookmark the permalink.

Leave a Reply