Monitoring "Credit Scores" at Multiple Sites?

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@SoFla
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Monitoring "Credit Scores" at Multiple Sites?

Postby @SoFla » Thu Oct 02, 2014 2:16 pm

Hello All!

Quick question,

Will it hurt me if I monitor my "credit scores" through multiple sites? For example, I currently only monitor on Credit Karma (which I understand is in no way Real), but I am hesitant to sign up for Credit Tracker on capital one, as well as the FICO score tool with my BarclayCard. I'm not sure of my Chase Freedom card or Amex Gold offer these services as well?

Nevertheless, is it beneficial for me to monitor my score, with every available option (outside of paying FICO monthly) or is it better to only utilize one or two monitoring options?

Worried about soft credit inquiries etc etc?

Any input would be greatly appreciated, Thank you


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PlyrStar93
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Postby PlyrStar93 » Thu Oct 02, 2014 2:51 pm

Normally it's safe and will not hurt score. Those sites use soft pulls to retrieve your credit file, and such inquiries are not shown to creditors, nor do they affect score.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

@SoFla
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Postby @SoFla » Thu Oct 02, 2014 3:07 pm

PlyrStar93 wrote:Normally it's safe and will not hurt score. Those sites use soft pulls to retrieve your credit file, and such inquiries are not shown to creditors, nor do they affect score.


Understood, thank you

MemberSince99
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Postby MemberSince99 » Thu Oct 02, 2014 4:18 pm

It sure doesn't hurt your credit to monitor your own credit. You can view your credit at any time without worry.


I use the Amex service it monitors all three bureaus. CK monitors TU. You shouldn't be at all afraid of using the Barclay FICO tool unless you don't want to see your score. It can't hurt it.

@SoFla
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Postby @SoFla » Thu Oct 02, 2014 4:20 pm

Thank you guys for the Reassurance, sounds good!

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otter
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Postby otter » Thu Oct 02, 2014 4:29 pm

All the above is correct. Only you can see the soft pulls.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

takeshi
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Postby takeshi » Fri Oct 03, 2014 9:58 am

@SoFla wrote:Nevertheless, is it beneficial for me to monitor my score, with every available option (outside of paying FICO monthly) or is it better to only utilize one or two monitoring options?

That's your call to make. I don't find score monitoring to be of benefit to me and monitor my reports instead. With the different scoring models a specific number doesn't really mean anything unless a creditor you're applying to uses the same scoring model and CRA in their decision.

It's not only up to you to determine if monitoring scores is of benefit to you but how many different scores and sources you want to monitor.

Some sources may be redundant. IIRC Capital One and CK provide the same score. However, as stated above there's no adverse effect no matter how many you choose to utilize.



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