Running a free credit check on your own history will not bring your score down. Your own checks will not be seen by creditors or lenders when they request for your credit report. You can run a check on your own credit history to find out how your current credit standing is. This lets you know if you should pursue plans to apply for a loan or new credit card. Applying for new credit when your ranking is low will usually lead to a denied application.
If you check your own report, you may find outside inquiries made by various companies. When you apply for a credit card, each creditor you apply with will run a credit check on you. If you apply for 3 cards, then 3 creditors will view your report. This kind of inquiry leads to negative effects on your history and lowers your credit ranking.
These kinds of checks will remain on your credit history for about 2 years and are visible to all creditors who check your history. These can also lower your credit score and can be disadvantageous for you later on. If you want to maintain a good score, avoid applying for special credit card offers or for loans that you do not really need.
If you get pre-approved credit card offers with promotional rates, these don't usually bring down your credit score. An employment free credit check will likewise not affect your ranking or credit history. You can find out if your employer is checking your credit score by getting your own report. You can also see other people who request for your file.
If you currently have an account with a lender, your lender will probably make occasional checks on your credit. This is normal and will not affect your credit standing. Other companies that may take a peek at your record are companies that offer credit cards. They just check your track record to find out if you are qualified for cards. If you have good credit, they will likely offer you some new cards.
You don't have to take these offers immediately, even if their promotional rates sound attractive. Applying for these special card offers can potentially harm your credit. Each time you apply for a new card, even those that are offered to you at special rates, will require a credit check. Each time these companies check your record, your score goes down.
Just apply for cards or loans that you really need. This will protect your credit history from sliding down too low. Having a low credit score can prevent you from applying for significant loans like a car or home loan. A free credit check is there to help you keep track of your history, find out if your credit standing is still healthy before applying for new credit cards or loans.