Credit Inquiries – How do they affect my scores?
Each time someone views a copy of your credit report, an inquiry is added to your record to indicate that it has been viewed. While some of these inquiries are completely harmless, others will lower your credit score.
Types of Inquiries
- Hard inquiry: A hard inquiry occurs when a potential lender pulls your credit report with your express permission. Because this type of inquiry indicates that you are trying to borrow money, it can count against your credit score.
- Soft inquiry: A soft inquiry occurs when someone who is not a potential lender pulls your credit report. For example, a soft inquiry may appear when an employer pulls your report or when you check your own credit. Soft inquiries appear on your report, but they won’t affect your score in any way.