Jeremiah wrote:Is there some sort of penalty or my actual credit score would go down if I do a credit report? Is it free?
Running one inquiry on your report may lower the score slightly...but not a lot. If you have good credit, you have good credit...bad credit, bad credit. A point or two doesn't matter.
If you run it on yourself, I don't know if an inquiry shows or not. I don't think it does, but I'm sure. Either way, it's worth it to check your report every year or so to know where you stand.