Your credit score is an incredible tool that can build up your life if used properly and tear it down if abused.
The difference between a great credit score and an okay credit score might be the difference in 0.5% interest on a home or auto loan and thousands of extra dollars of interest paid.
If you’re looking to protect your credit score you need to be aware of the difference between a soft credit pull and a hard credit pull. One can damage your credit score while the other is mostly harmless.
Do you know the difference?!?
Keep reading and you’ll learn the difference between a soft credit pull and a hard credit pull. You’ll see which one is relatively harmless while the other can affect your credit score. This is extremely important stuff to know, especially if you need a great credit score for an upcoming loan.
Two Types of Credit Inquiries: Soft Pull and Hard Pull
Here’s a look at the two types of credit report pulls.