Does Getting a Copy of Your Credit Report Hurt Your Credit Score?

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Brady Klopfer · Writer · Jan 08, 2021
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    Getting a copy of your credit report is an easy and and straightforward process. You, or a person you authorize, can see your credit score in a matter of minutes, without even having to pay any money.
    But there are some fears and concerns that come with requesting a copy of your credit. One of the most common concerns is that requesting a credit report will actually impact your credit. There’s a common belief that every time you ask for a copy of your credit report, your credit score will plummet.
    Is that accurate? Does your credit score actually diminish when you ask for a copy of your credit report? Read on to find out everything you need to know.

    Does getting a copy of your credit report hurt your credit?

    Usually the answer is no. It’s rare for your credit to be hurt because you’re getting a copy of your credit report. There are a few exceptions, but most of the time you can be comfortable knowing that your credit will not be impacted by the act of receiving a copy of your credit report.

    When can you get a copy of your credit report without hurting your credit?

    Anytime that you personally request a credit report, your credit will not be impacted. So you don’t need to worry about requesting a credit report so that you can have it for your records, or provide it to a financier, or just see what your current credit score is.
    No matter what your reason is for requesting a credit report, you should have no fear about it. Request a report when you need it, and your credit will not be impacted in any way, shape, or form.

    Will your credit be hurt if you get a copy of your credit frequently?

    No. It doesn’t matter how often you request a copy of your credit report, or what company you request the report through. If you’re requesting a copy of your credit report, it will not impact your credit score at all, and there are no ifs, ands, or buts.

    When will a copy of your credit report hurt your credit?

    We’ve established that your credit will not be hurt by requesting a copy of your credit report. So, when will your credit be hurt by a report?
    Your credit will usually be negatively impacted when there is a hard inquiry. A hard inquiry (often referred to as a hard pull) is when a company is considering extending credit to you, and they first check your credit report. This will have a negative impact on your credit score.
    It’s worth noting that companies can also have a soft inquiry (or a soft pull), which is when they check your credit score before preapproving you for a line of credit. A soft inquiry will not hurt your credit at all.

    Will your credit report be permanently hurt by a hard inquiry?

    No. The negative impact of a hard inquiry will quickly diminish. The existence of the hard inquiry will stay on your credit record for two years, but the hit to your credit score will not last that long.
    Getting a copy of your credit report should have a minimal impact on your credit. Most of the time it won’t impact your credit at all, and even when it does, your credit score will quickly recover.
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