Will a freeze lower my credit score?

Answer On One Hand: No Effect on Credit ScoreAccording to the Federal Trade Commission (FTC), placing a freeze on your credit to restrict access to your credit report will not affect your credit score in ... Read More »

Top Q&A For: Will a freeze lower my credit score

Will running a credit check lower your score?

People often hear that a credit check can lower their FICO score, a credit score derived by Fair, Isaac and Company. While true, credit checks are unlikely to do any significant damage, and there a... Read More »

How much will having excess debt lower a credit score?

Excess debt can lower your credit score quite a bit because owed debt accounts for 30 percent of the credit score. The exact impact of debt can vary widely, however, as other particulars of the deb... Read More »

Does reporting a credit card stolen lower your credit score?

Reporting a credit card stolen does not lower your credit score. Some actions that can lower your credit score are late or missed payments, too many inquiries for new credit at one time and unpaid ... Read More »

Does cancelling credit cards lower your credit score?

The Federal Deposit Insurance Corporation states that canceling your credit cards can lower your credit score if they have been opened for many years. Credit scores are based on the number of years... Read More »