Hard Vs. Soft Credit Inquiries: What You Need to Know


Credit Soft Pulls and Hard Pulls: What's the DifferenceYou know your credit score is not just a number — it’s a way to measure your financial health, to define your credibility for a new line of credit, even demonstrate your reliability as potential new employee or tenant. Your credit score comes into play in all these scenarios and can determine how successful the outcome is.

There are several components that make up your credit score, each impacting it in a different way. About 10% of your credit score is defined by inquiries for new credit, otherwise known as hard inquiries. Hard inquiries into your credit, like those done by creditors, can remain on your report for up to two years. Why does the amount of hard inquiries matter? Lenders are wary of reports with a high amount of hard inquiries which may indicate cash flow problems or plans to take on lots of new debt.

So what’s the impact of a hard inquiry? And how does that compare to a soft inquiry? Let’s find out now.

Hard Vs. Soft Credit Inquiries



1FICO. (2020). Credit Checks: What Are Credit Inquiries and How Do They Affect Your FICO® Score?

2O’Shea, B. (2020). How Long Do Hard Inquiries Stay on Your Credit Report?

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Barbara Davidson


Babs is a Senior Content Writer and financial guru. She loves exploring fresh ways to save more and enjoy life on a budget! When she’s not writing, you’ll find her binge-watching musicals, reading in the (sporadic) Chicago sunshine and discovering great new places to eat. Accio, tacos!