Having a credit bureau provide you with a copy of your own report should not
effect your scores.

When you apply for a credit card the company you apply to will normally pull
your report. That will have some effect on your score. How much will depend
upon a number of factors, the most important of which is how frequently you
have applied for credit in the last 12 months.

If your credit scores are low or borderline and you are about to apply for a
mortgage or an auto loan, I might suggest you hold off applying for the
credit card. In that situation you really don't want even a small drop in
your score.

Ken
http://fxcredit.com

"99miles" <pub[at]magusdesigns.com> wrote in message
news:f951419a.0311302336.29ee4a4c[at]posting.google.com...
- quote -

"99miles" <pub[at]magusdesigns.com> wrote in message
news:f951419a.0311302336.29ee4a4c[at]posting.google.com...
- quote -

Multiple inquiries do NOT automatically count against your beacon or
empirica scores.

For example, if you go car shopping, the first place you should stop is
the finance office. This is the EXACT OPPOSITE of what the car dealer wants
you to do, but you should demand it. Find out their options for you, which
will require an inquiry. This starts a clock ticking. You have 12 days to
have any many inquiries from car dealers as your heart desires, with NO
negative impact. Afterall, shopping isn't the same thing as preparing for
bankruptcy.

On the other extreme, if you apply for a car loan, boat loan, first and
second mortgage, several different bank credit cards, and some revolving
debt, that WILL be a major red flag.

Brent D. Gardner, ChFC
Chartered Financial Consultant
http://members.cox.net/brentdgardner1378/

"Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go
to heaven if you die dumb. Become better informed. Learn from other's
mistakes. You could not live long enough to make them all yourself." - Hyman
George Rickover (1900-86), Admiral, US Navy, advocated development of
nuclear subs & ships

pub[at]magusdesigns.com (99miles) writes:

- quote -

No, it doesn't. Your own inquiries for your credit report
are not reported to credit grantors.

- quote -

Yes. How it effects it depends on the totality of your
situation and the particular parameters a given potential
credit grantor uses to evaluate one's record.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

In article <f951419a.0311302336.29ee4a4c[at]posting.google.com> , 99miles
<pub[at]magusdesigns.com> wrote:

- quote -

You getting a copy of your personal credit report has no effect.
Someone else getting a copy of your credit report is considered
to be an "inquiry", most of which do count against you. Especially
after the 4th inquiry of the year. The credit agencies see this
as a effort to get a large amount of credit for no apparent reason.
Bottom line is never let anyone pull your credit if you can avoid
it.

- quote -

Yes it does. The application will count as an inquiry, which will
ding you a few points. Getting more credit may hurt you if you
already have a large amount of credit. If you have only a very
small amount of credit, then you may not see any ill effects due
to adding to your total credit limit. Next, how you use that
credit card has a big effect. Missing payments, late payments,
and over-limits will have a huge negative impact on your credit
record.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

1) Does getting a copy of my credit report deduct points from my
credit? I was told once that it does, but I'm looking for more info.

2) Does simply applying for, and getting a credit card effect a
persons credit?

Thanks.