How much damage does running your social security number really do to your credit score?

Public Comments

1. Too many inquiries can lower your score, but it takes ALOT to do that.
2. You can expect a few points depending upon who is running. If it is a lender or car dealer it is not as many points as if you are applying for a credit card. The bureaus protect the actually calculations they use but this is what practice tells me. I am a loan officer.
3. Each time you have your credit checked by a company it takes 3 points away from your credit score. You can always go to www.freecreditreport.com and check you own credit for a small fee. Hope this helps
4. Normally if it's a hard pull, it will lower your score about 3-points, unless you are applying for a vehicle or a home. The system is set up to recognize this type of purchase and lumps all of the inquiries together and you only lose 3-points even all of the inquiries show on your bureau.
5. good question. i used to work at a store that i wont name and whenever a customer wanted to apply for a credit card we had to offer four different ones, whenever they were denied we offered the next credit card. the more we ran their credit the worst it made it. so the more you apply and be denied, the more points are deducted from your credit score.
6. each time it is ran you lose a point!
7. running your own credit does NO damage to your score. When companies pull your credit it can range from 0 pts to 5 pts deducted each time. Normally these points can be earned back very fast though. So the bottom line is that unless you getg your credit pulled like 10 times in 1 month stretch, it is tough to really hurt your score by getting your credit pulled. I think people make a much bigger deal of out it then they need to.