[header] How to dispute credit inquiries [title] Understand " hard " versus " soft " inquiries. [step] Credit inquiries fall into two categories, " hard " and " soft. " a " hard " inquiry occurs when a financial institution like a mortgage lender or credit card provider reviews your credit history in order to make a lending decision.
[header] How to dispute credit inquiries [title] Understand " hard " versus " soft " inquiries. [step] Credit inquiries fall into two categories, " hard " and " soft. " a " hard " inquiry occurs when a financial institution like a mortgage lender or credit card provider reviews your credit history in order to make a lending decision.
Another category, " soft ", occurs when you're told that your credit history was reviewed by a credit reporting firm. [substeps] It's an example of a hard question that you should ask yourself when reporting a loan inquiry. Soft is defined as a bank account which you can either purchase or use in order to claim credit. Soft refers to any assets you own or use as a loan from your institution. The hard decision is one that has a great impact on the balance of your checking account and its ability to pay back the full amount. A " soft " inquiry is when you are asked for amounts that you qualify for and then only the amount, and you do not necessarily qualify. Typically, you authorize the hard inquiry when you apply for credit. [substeps] A " soft " inquiry, by contrast, occurs when a person or company checks your credit score for reasons other than lending credit.