I signed up for Credit Karma awhile back and I noticed that they are able to run an inquiry just about any time that I hit "update".
- How do they do that, since my understanding is you are only allowed 1 free inquiry per year?
- Does their inquiry count as a hard hit or a soft hit?
- Will having them monitor my credit score and open accounts negatively affect my credit score?
- Is the score that they display just an approximation of the FICO score?