Hard vs Soft Credit Pulls

Posted by Reward Realty on Thursday, December 14th, 2017 at 11:16pm.

As a buyer, you may decide to shop lenders to compare rates and loan programs to find the right one for you. One concern many people have during the pre approval process is whether or not having their credit checked by multiple lenders will hurt their overall credit score. To help better understand what hurts your credit score vs what doesn't, I have asked one of our lending partners to provide us with a little bit of insight. 

Hard credit inquiries are those done by lenders when evaluating your application for a loan or line of credit. They're also the type that can damage your credit score, especially in large numbers and over a short amount of time. Soft inquiries, aren't related to an immediate credit decision and will not affect your score. They can actually be made without your knowledge or involvement. 

Hard vs soft credit checks

Thank you Suzy Dukelow for providing us with this valuable information!

For lending questions, please feel free to reach out to Suzy!
@: sdukelow@masonmac.com P: 949-858-5977

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