I'm not sure how many pionts it will take off. I only have 3 inquiries in the last 2 years.
It may not effect me at all.
As for the hard vs. soft pulls, I have no clue as to what info is different.
New rules for pulls on credit! (ones that I want):
Lending institutions extending credit for more than 1-3 months-----Hard
Any institution extending credit for between 0-90 days may do either a Hard or Soft pull. However, if a credit report is required to extend credit, then, that institution MUST report back to the CRAs on a monthly basis the status of that account.
Cell phone service is BIG business here in the US. I can promise you....should something like this be enacted in congress, the cellular carriers would throw a fit. Think of all the extra paperwork! Same thing with insurance.
I put all my bills in a hat each month and keep drawing names and paying bills until there's no money left. If you don't stop harassing me, your name won't go in the hat!
I think if anyone does a hard pull they should be forced to report monthly to all three In fact, I think any lender should be forced to report to all 3 - my troubles with EX are in part due to my my longest open account not reporting to them
The slide from grace is really more like gliding And I've found the trick is not to stop the sliding But to find a graceful way of staying slid