Is there a Catch to Your Free Credit Inquiry

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Is there a catch to your free credit inquiry?
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• Responsible credit seekers know the do's and
  donts of maintaining good credit dont overuse
  your credit, dont seek excessive credit, do
  check your credit score regularly, do keep tabs
  on your debts, do review each new credit inquiry
  that appears on your credit bureau carefully and
  do work on improving credit over time.

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Is every credit inquiry created equal?

• Truthfully, the answer is no. Although many
  companies advertise free credit reports or credit
  monitoring, the only official credit inquiry
  guaranteed by law comes directly from your
  bureau. Because of the amount of sensitive
  personal information entered online to retrieve
  your free credit report, if you are not trying to
  check your credit using TransUnion, Equifax or
  Experian, there is no guarantee that the website
  youre using (no matter how professional looking
  it may be) is legitimate.

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What should you know about free credit inquiry?

• Your credit report and your credit score are
  different.
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• A credit score is generated based on information
  contained in your credit report, which details
  the number of debts you have, what (if any) debts
  are in collections, what's being paid, if that
  payment is timely, your most recent credit
  inquiry etc. When you request your credit report,
  it will not contain your credit score as this can
  only be obtained from FICO and it is not free by
  law.

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• Unless you are familiar with reading a credit
  report, or understand what factors contribute to
  your score, requesting a credit inquiry might not
  actually help you determine your credit score.
  Although common sense will tell you that
  responsible use of credit is good and abuse of
  credit is bad, there is no system in place to
  explain the exact value of every single trade
  line or credit inquiry.
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• For most, ordering your free credit report is
  just a snapshot of your current activities, and
  will help those planning on improving credit with
  the help of Inquiry Busters inquiry removal
  service, or assist in improving credit by getting
  a better understanding of how they use credit
  over time.

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