Experian credit check affect credit rating
Dear JOE, According to FICO, a hard inquiry from a lender will decrease your credit score an average of 5-10 points. If you have a strong credit history and no other credit issues, you may find that your scores drop even less than that. Experian Boost ™ helps by giving you credit for the utility and mobile phone bills you're already paying. Until now, those payments did not positively impact your score. This service is completely free and can boost your credit scores fast by using your own positive payment history. If you apply for credit, such as a mortgage, auto loan or credit card, the lender (with your permission) will check your credit report and credit score from one or more of the major credit bureaus. Because these inquiries are tied to an actual credit application, they're considered hard inquiries, and they can affect your credit scores.