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Senior Contributor
Posts: 4,336
Registered: ‎09-06-2008
Re: Does having a student loan help or hurt your credit?

audia4 wrote:

laz98 wrote:

Yes, the forums are separate from the products you buy.  The reports do not update.  If you want to check for changes, you would have to buy a new report.  You can use a monitoring service like CreditKarma to see when things change on your report for free.  Just ignore the scores & advice there, sometimes it's not the best.

 Do you use Credit Karma? I just heard about this last night from my daughter and was reading up on it. A lot of people like it and a lot of people hate it. I'm just wondering how accurate it is. Also, I don't quite understand them being able to provide it for free? How would they stay in business then? Also, does it pull any type of inquiry or soft inquiry every time they pull your account (since it's not actually YOU pulling your own and paying for it)?

I actually don't use CreditKarma anymore, because I didn't really care for the layout, but that's just a preference.


To be honest, I don't really understand how some of these type of services are able to do it for free, either!  Credit Sesame is another one like CK.


It is a soft inquiry, because technically you are in fact pulling your own reports, just via a 3rd party service.  It will not hurt your score at all.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.