Skip to main content
Level 1
November 1, 2019
Question

Monthly Credit Report

  • November 1, 2019
  • 2 replies
  • 21 views

Does my credit score get dinged each time we receive our monthly Turbo credit report? Also, is it as accurate as the 3 credit report agencies? Thanks, Jack

    2 replies

    DoninGA
    Level 15
    Level 15
    November 1, 2019

    Your credit report through Turbo is from TransUnion, one of the three credit reporting agencies.  Your credit report and credit score provided is from a soft inquiry which does not affect your score.

    November 2, 2019

    the different agencies calculate your score on different dates and using different formulas so your credit score will probably differ among the 3 agencies.  

     

    the 2 biggest factors used to determine your credit scores are

    Payment history - Whether you've paid past credit accounts on time
    Amounts owed - The amount of credit and loans you are using