True or False: Checking your own credit history will not have an impact on your credit score.

Checking your own credit history is classified as a "soft inquiry." Soft inquiries do not affect your credit score in any way. This is important for individuals who want to monitor their credit and check for errors or fraudulent activities without impacting their credit standing. In contrast, hard inquiries, which occur when lenders check your credit for lending decisions, can lower your score temporarily.

Knowing that you can review your credit history without it affecting your score encourages proactive financial management and awareness. This can help you make informed decisions regarding credit applications, improve your financial health, and ultimately work towards your personal financial goals.