Comments on: Hard Credit Check vs. Soft Credit Check

By: dee

dee — Wed, 17 Feb 2010 20:50:17 +0000

Thanks Ryan! I am just so annoyed with myself because I know better. My credt score has been climbing steadily since last year. Went from 635 (ouch) to 685 in six months. I would hate to go backwards even a little.!

By: Ryan

Ryan — Wed, 17 Feb 2010 18:33:18 +0000

dee, it will probably count as two hard hits on your credit report, but it shouldn’t affect your score much. If your score needs improvement, continue making on time payments and wait a few months. You will see some improvement with time.

By: dee

dee — Wed, 17 Feb 2010 15:50:04 +0000

Okay, I applied for two credit cards the same day and was turned down. How bad will this hurt my credit and will this count as two hard hits?!

By: Ryan

Ryan — Wed, 10 Feb 2010 13:32:54 +0000

George, I have no idea why your credit would receive two hard checks in the same day from the same company. If you believe it is hurting your credit score and you plan on making any purchases in the near future, then consider contacting the credit bureaus and asking to have one hard check removed from each instance.

By: George

George — Wed, 10 Feb 2010 04:29:53 +0000

I want to know if it is legal for instance:
a) I opened a checking and Savings Account for my son at Wells Fargo. I ended up with 2 hard credit checks against my name, both on the same day, one for each Account.
b) I bought a second property and applied for one loan with Wells Fargo, I ended up with 2 (not 1) hard credit checks also both on the same day
c) I bought a vehicle through Chrysler Financial, again two hard credit checks
d) I bought a vehicle from BMW this year, again, two hard credit checks against my name on the same day.

Please let me know if this is allowed or not becuase I want to take action. I have good credit and do not see any reasin for 2 checks to be performed every time I apply for credit.

By: Ryan

Ryan — Thu, 19 Nov 2009 16:40:37 +0000

To be honest, I’m not sure what your options are. You can complain to the company, Better business Bureau, or state attorney generals office, though I’m not sure what, if anything will come of it. State laws probably vary on this topic, so I’m not sure I can offer much more than that. Sorry!

By: Jen

Jen — Thu, 19 Nov 2009 16:32:48 +0000

No it was not mentioned or read in the contract.

By: Ryan

Ryan — Thu, 19 Nov 2009 16:27:41 +0000

Credit checks are common, but the company pulling your credit file needs to have a valid reason and usually, if not always, your permission. Was it written in the contract that your credit would be checked, or mentioned verbally?