There are a lot of myths about credit & FICO scores. There is a lot of myths about what actually affects ones credit scores. Here are 6 myths about credit scores brought to you by the California Association of Realtors.

MYTH 1

MYTH 1: Your credit score will drop if you check your own credit.

TRUTH:  According to TransUnion, checking your credit report counts only as a “soft inquiry” and does not change your score. However, “Hard inquiries” checked by a lender or a creditor (such as department store, auto dealers, rental companies; sometimes applying to rent, requesting credit limit increases, cell phone contracts, renting a car, opening cable or internet service, or opening a bank account) can slightly lower your credit score.