Difference Between Soft Credit Check and Hard Credit Check
Published 9/18/07 (Modified 3/9/11)By MoneyBlueBook
When you give out permission for others to make an inquiry on your credit report, did you know that the inquiry itself may have a negative impact on your credit score? Not all inquiries are created equal. An inquiry occurs when someone examines your credit history and credit score. While a hard inquiry will hurt your credit score, a soft inquiry will not.
Soft Credit Inquiry v. Hard Credit Inquiry
A soft pull describes an inquiry that does not affect your credit score. Soft pulls, or soft credit checks, frequently occur and oftentimes you may not even be aware of it happening. Each soft pull is noted on your credit history file but they are only for you to see and are not available for lenders to view. Examples of soft credit pulls include:
A hard pull, or hard credit inquiry, is very different anddoes negatively affect your credit score. When you give permission for a lender to check your credit history for the purpose of extending credit to you, the lender will make what is known as a hard credit check. A hard credit check is almost always voluntary and is noted on your credit history file by all
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