Education opportunity

Discussion in 'Credit Talk' started by Kittw1, Jul 23, 2001.

  1. Kittw1

    Kittw1 Well-Known Member

    Help me people!! What is the difference between a soft inquiry and a hard inquiry? Why does the hard have such a huge impact?
  2. mindylou

    mindylou Well-Known Member

    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.

  3. PuuOoPaul

    PuuOoPaul Well-Known Member

    I would like to know this too. Is Cindy on the mark?

  4. PuuOoPaul

    PuuOoPaul Well-Known Member

    Oops! I mean Mindy. Sorry Mindy!

  5. godaddyo

    godaddyo Well-Known Member

    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..

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