Soft Inquiries vs. Hard Inquiries

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Soft Inquiries vs. Hard Inquiries
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• As you know, credit inquiries are divided into
  two categories hard inquiries and soft
  inquiries. Soft inquiries are requests for credit
  information that do not affect your credit score,
  because unlike with hard inquiries, you are not
  actually requesting new credit.

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The most common types of soft inquiries are

• Requesting your own personal credit score
• Employment background checks for a job
• Being pre-approved for a loan or credit card

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Occasionally, soft inquiries can also include

• Opening a new checking or savings account
• Getting a cable, internet, or cell phone account
• Renting a vehicle which requires a credit check
• Verifying identity at a credit institution or
  union
• Applying for a new apartment or condominium

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• Unlike hard inquiries, soft inquiries do not
  affect your credit score even in the event that
  they appear on it, and you will not have to
  remove inquiries from your credit report provided
  they are soft. Typically, when a person needs to
  remove inquiries with the help of Inquiry
  Busters, it is because they could potentially
  affect their overall credit score i.e. are hard.

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How can you find out which credit checks are soft
inquiries?

• By law, hard inquiries require your consent and
  soft inquiries dont, but that consent can be a
  grey area- for example, if you want to check and
  see if you can add another cellular device to
  your existing plan, and are talking to an agent
  over the phone, your consent for the credit check
  will probably be implied. So, if you are
  purchasing a new product or service, or are
  dealing with any transaction that could
  potentially result in hard or soft inquiries, ask
  if a check is about to take place and if it will
  affect your credit. It is always better to be
  sure than risk having to remove inquiries at a
  later time.

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• In reality, soft inquiries are safe inquiries and
  will not affect your credit, so there is no need
  to flinch every time someone says they're going
  to take a look- at least, as long as you know
  exactly why they plan on checking your credit,
  and if it will be recorded.

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