Can you trust the credit score provided by Credit Karma and similar tools provided on your credit card’s smartphone app? It seems that with just a click of a button, you can view your credit score—but does that number match what an actual credit reporting bureau has? It is a common misconception that there is …
Category Archives: Credit inquiries
Credit Reports vs. Credit Scores: What Matters Most?
Here at Scorewell, our credit management experts tell our clients to focus on credit reports over credit scores because there are simply so many scores out there. If you’ve ever applied for an auto or home loan, you might’ve noticed that the lender pulls your credit history and score from several sources and the results are …
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Does a Credit Check Hurt My Credit Score?
One kind of credit check will impact your credit score. The other won’t. There’s a common misconception that any credit check lowers your credit score and hurts your ability to get approved for loans and new lines of credit, but this is only sometimes true. There are two types of credit checks—hard and soft inquiries—and …
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