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hard vs. soft inquiries

Discussion in 'Credit Talk' started by sputnik, Mar 1, 2002.

  1. Mar 1, 2002 #1
    sputnik

    sputnik New Member

    Newbie here...

    Have been reading about affects of hard vs. soft inquiries, am not sure I have a clear understanding.
    Hard inquiries are based on actual application for credit and the company runs credit report on you? Then what is a soft inquiry?

    Thanks,

    Sputnik
     
  3. Mar 1, 2002 #2
    GEORGE

    GEORGE Well-Known Member

    "SOFT" is when you "PULL" your own report, or a company does a "PRM" (PROMO) offer for credit, or "AM/AR" (ACCOUNT MAINTANCE/REVIEW)...they say "SOFT" doesn't hurt...

    A "HARD" can only be done when you are applying for CREDIT.
     
  4. Mar 1, 2002 #3
    sputnik

    sputnik New Member

    Thanks, I think I was on the right track but that filled in the gaps.
     

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