Help me people!! What is the difference between a soft inquiry and a hard inquiry? Why does the hard have such a huge impact?
I'll give it a try I believe a hard inquiry is one where you apply for credit and ask or give permission for the creditor to look at your credit report. A soft inquiry is when a creditor only gets only some information from your report but not a complete report these inquiries are not seen by other creditors when you apply for credit(or so they say). Someone help me out thats about all I know. mindy
Yes, This info is on the mark. Recently I read here (or was it elsewhere?) that a rep from a CRA was spouting other wise. But this is how it is supposed to work legally..
