Comments on: Hard Credit Check vs. Soft Credit Check

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?!

By: Ryan

Ryan — Wed, 10 Feb 2010 14:32:54 +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.