- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
xdunlapx wrote:What is the difference between hard pull and soft pull? Which affects credit more and by how much?
A soft pull or inquiry does not affect your credit at all. Examples include when you pull your credit report, or account review by existing card issuers. Hard inquiry or pull affects your credit score. This is the only type Of inquiry/pull you should worry about. Basically it is assumed if you have a hard pull, you are applying for credit of some sort. Remember there are 3 credit bureaus. When you apply for credit, the lender can pull credit inquiry from 1 or more credit bureaus. Credit bureau don't share inquiry data with each other. As such, if you apply for several cards and do your research, you can spread out your inquiries between the credit bureaus to minimize inquiries on each of them. Cap one however likes to pull all three bureaus which stinks as most lenders just pull one.
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