Reply
Contributor
fail2deliver
Posts: 172
Registered: ‎12-12-2007
0

What's the diff between soft and hard pull

I heard this term used a lot here.. what's the difference?
Epic Contributor
Creditaddict
Posts: 21,685
Registered: ‎10-23-2007
0

Re: What's the diff between soft and hard pull

Soft pulls only you see.
Hard pulls everyone that pulls your credit sees
Hard pulls lower your score, soft don't effect score.
Fico Scores: EQ- 653 Cap1., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
65 Cards and Counting :smileytongue:
Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007
0

Re: What's the diff between soft and hard pull

When a  creditor reviews your ccount in the normal course of business, they do soft pulls.  No one sees it but you and them.  Requests for new credit generate hard pulls which CAN lower the score and may alert your other creditors to your attempts to seek new credit.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}