Credit check is bad for your credit when you check it too many times?
1. How many times is too many times? Once a month? Twice a year?
2. How many points does each credit check take off?
3. How do you extend your credit limit on a credit card? Do you just wait for it to automatically go up or do you have to call the company and request it?
4. If you have the answers to these questions, how and where did you get them? No one seems to have a clue and always giving me answers that never make sense.
There's no definite answers because there are facts and interpretations. The fact that your credit report has been pulled three times in the past month might mean you're desperate and living off credit cards. Or it might mean you got a new job and you just bought a house, a car, and a brand new HDTV, perfectly capable of paying it off.
There's no direct effect on checking the credit reports, it's how the banks interpret it.
Also the pulls do not deduct points from your score. It's the combo of your score AND number of pulls that lead the banks to the decisions.
I have requested credit limit rises with Chase, with American Express or Providian I just got them automatically.
There's no definite answers because there are facts and interpretations. The fact that your credit report has been pulled three times in the past month might mean you're desperate and living off credit cards. Or it might mean you got a new job and you just bought a house, a car, and a brand new HDTV, perfectly capable of paying it off.
There's no direct effect on checking the credit reports, it's how the banks interpret it.
Also the pulls do not deduct points from your score. It's the combo of your score AND number of pulls that lead the banks to the decisions.
I have requested credit limit rises with Chase, with American Express or Providian I just got them automatically.
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