Difference Between Hard and Soft Credit Bureau Inquiries

Difference Between Hard and Soft Credit Bureau Inquiries

Soft inquiries, such as those made when an employer requests a credit check on a prospective or current employee as part of a pre-employment or post employment screening background check do not negatively affect your credit score.

Most employers only request an employee's personal credit information on employees that handle money, work in accounting, security or executive positions.

Some states have laws restricting an employer's access to personal credit information.

Other examples of "Soft" credit file requests would be those done by yourself when requesting your credit file or if a lender with whom you currently have an open account checks your credit report to make sure you have not done anything to lessen your credit worthiness, such as incurring significant debt.
Other "Soft" inquiry examples would be lenders checking to see if you had opened a large number of credit cards or had fallen behind in other payments.

Other "Soft" inquiries are those made by lenders to determine individuals whom they want to solicit to apply for their credit cards.

Also, now many insurance companies make your credit score a part of their insurance underwriting

"Hard" credit file inquiries happen when you apply for a car loan, home loan or credit card. Too frequently applying for credit of any kind definitely will have an adverse impact on your credit score.

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