Comments on: Hard Credit Check vs. Soft Credit Check

By: Ryan Guina

Ryan Guina — Thu, 01 Mar 2012 15:50:34 +0000

The only reason I can think of is if the original inquiry had expired. For example, they may have a policy that credit scores are only good for 30 days. That doesn’t account for all the inquiries, but it could account for two or three of them. If they noticed a drop in score, they may have decided to do another credit pull. I would contact them and follow the info you were given by CredCo and ask them to have all but the most recent inquiry deleted, as it is only the most recent inquiry they will likely be using.

By: Elaine

Elaine — Thu, 01 Mar 2012 06:35:25 +0000

I have been trying to finance with one mortgage broker for 3 months. I authorized them to pull my credit in the initial application, but they have pulled it a total of 4 times over 90 days. They just notified me that they couldn’t honor their quote because on the last pull my mid score dropped from 737 to 719 in two weeks (last time they pulled) and blamed the ONE hard pull that my new ISP did (without my permission btw), and said it will cost me $1250.

CredCo, the company that the broker used to pull, said the broker can call a specific number, person and extension (they provided to me) and have those inquiries deleted.

Can you think of ANY reason a mortgage broker would hard pull my credit 4 times in 90 days?

By: Mac

Mac — Sat, 04 Feb 2012 02:55:12 +0000

Ryan, can a Wells Fargo Home Mortgaga Company do a hard credit pull while you are trying to do a Hemp loan modification thru them? Shouldn’t they be doing a soft pull after the initial hard pull?

By: Expat returns home

Expat returns home — Fri, 27 May 2011 03:58:04 +0000

I’ve been living overseas for the past two years, and I’m beyond excited about moving back to the States in a few months. My question is this: Is there any way to prevent my credit score from taking a beating from hard inquiries, since I’ll be applying for a cell phone, an apartment and a new bank account? For what it’s worth, my score is in the 780s and I won’t be applying for any new credit cards.

I seem to recall several years ago, even places like Blockbuster did hard inquiries. I’m nervous that re-establishing myself in the States is going to hurt my credit! Any thoughts? Thanks heaps!

By: Jeff

Jeff — Sun, 06 Jun 2010 20:29:04 +0000

I believe there is a cap on the time limit. For instance, if you are shopping around for a mortgage, you can inquire up to 5 times in 30 days. But you need to close the deal within the 30 days after the first inquiry.

( 5 inquiries in 30 days are just an estimate )

This is what my understanding is of the matter.

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 19:33:18 +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?!