What kind of credit inquiry has no effect on your credit score?

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  • July 16, 2023 at 7:30 pm #9419
    Geoff Massanek
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    July 16, 2023 at 7:36 pm #9437
    Team StellarFi
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    There are two kinds of credit inquiries: a soft inquiry and a hard inquiry. Soft inquiries usually don’t have any impact on your credit score. The purpose of a soft inquiry is usually to check your score or get a general background check from employers. This does not affect your credit score.

    A hard inquiry occurs when a new credit account is opened or a credit report is pulled from bureaus by lenders. This temporarily causes a drop in your score.

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StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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