04-24-2013 06:31 PM
I apologize if this has been asnwered, but I cannot find an answer on these boards.
Does the scorewatch by MyFico act as a "lender" per say, pulling your credit as a hard hit? Does it in ANY way affect credit scores?
Thank you, and my apologies again if this has been answred. If so, I can't see it at my old-ish age.
04-26-2013 06:52 AM
Nope. You're pulling your own credit, so that doesn't affect your score.
It is specifically mandated that the monitoring of one's own CR will not affect their scores. Only lender pulls.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO