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Credit inquiries can either be in the form of hard inquiries or soft inquiries, and they can happen for a variety of reasons. Hard credit inquiries occur when someone like a landlord or potential ...
Soft credit inquiries, also known as soft pulls or soft credit checks, occur when companies pull your credit file for a reason unrelated to a new financial obligation.
A soft credit inquiry, on the other hand, is about gathering information. If you’re trying to get preapproved for one of today’s best credit cards , for example, a lender will perform a soft ...
Inquiries are divided into two categories — soft and hard — based on the reason for the inquiry. The two types of inquiries have very different effects on your credit score. Soft inquiries
Inquiries are generally classified as “hard” or “soft.” A hard pull is done when a creditor or lender is accessing your report because you have applied for something specifically.
To prequalify you for a loan, lenders check your credit report but conduct a “soft” inquiry, or “soft pull,” in which they prescreen your report without it affecting your score.
If you request the increase, expect the issuer to conduct a hard credit inquiry. If the issuer gives you an automatic increase, only a soft inquiry, if any, will be performed.
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