Do you have a question about consumer credit? You may find an immediate answer by using the search engine. If you can't find what you're looking for, please fill out the form, being as specific as possible.
Please note: The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future column.
The information contained in this column if for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation.
Please understand that Experian policies change over time. Column responses reflect Experian policy at the time of writing. While maintained for your information, archived responses may not reflect current Experian policy.
Topics addressed on March 4, 2009:
Getting reports from a credit monitoring service won’t hurt your credit scores
I've heard that subscribing to a credit service that checks my credit daily or weekly can negatively impact my credit score. Can you tell me if having these non-agency credit monitoring agencies can put me in any jeopardy?
Inquiries for credit monitoring purposes will not affect your credit scores or lending decisions. When credit monitoring services review your credit report a “soft” inquiry is added to your credit report.
Such inquiries are not shared with lenders and do not affect your credit scores. They only appear on your credit report when you get it through the credit monitoring service to which you subscribe, or when you request your report directly from the credit reporting company.
The credit monitoring service inquiries are the same as if you were asking for your own report, so you don’t need to worry about them preventing you from getting credit.
Thanks for asking.
- The "Ask Experian" team