Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > What type of credit check affects your credit score?
Economy

What type of credit check affects your credit score?

Last updated: April 17, 2025 11:55 am
Share
What type of credit check affects your credit score?
SHARE

Your credit score is crucial in determining your financial health. It influences the interest rates you receive on loans and your ability to secure housing independently. Understanding credit inquiries, when they occur, and how they impact your credit score is essential for maintaining and improving your financial standing.

Your credit report provides a detailed list of your current and past credit accounts, such as personal loans, credit cards, student loans, and mortgages. It also includes information on recent credit inquiries made when you apply for new credit or request quotes. There are two types of credit checks that may appear on your credit report: hard and soft inquiries. Soft inquiries do not affect your credit score, while hard inquiries can cause it to drop by several points, depending on your credit history.

Hard credit checks are initiated when you apply for new credit, like a car loan or credit card. You must give consent for lenders to perform a hard credit pull, as it involves a thorough review of your credit history. These inquiries stay on your credit report for two years but only impact your credit score for around 12 months.

On the other hand, soft credit checks are informational and do not impact your credit score. They are commonly used for prequalification processes, rate quotes, and credit eligibility checks. Unlike hard inquiries, soft inquiries do not require your consent and can occur in various situations, such as checking your credit, monitoring your credit through your bank, or when applying for a job or new apartment.

See also  California Legislators Approve $750 Million Film Tax Credit

To protect your credit, consider using soft credit checks when comparison shopping for loans or credit cards. Monitor your credit regularly to detect errors or fraudulent activity and dispute them with credit bureaus if necessary. When applying for certain types of credit that require hard inquiries, try to batch your applications within a limited timeframe to minimize the impact on your credit score.

Checking your own credit does not affect your credit score, so feel free to review your credit report at AnnualCreditReport.com. Keep in mind that soft credit inquiries made by lenders, employers, landlords, insurance companies, and others are a common practice and do not harm your credit.

In conclusion, understanding the difference between hard and soft credit inquiries is essential for maintaining a healthy credit score. By being aware of when and how these inquiries occur, you can protect and improve your financial standing. Remember to use soft credit checks when possible, monitor your credit regularly, and be strategic when applying for new credit to minimize any negative impact on your credit score.

TAGGED:AffectscheckCreditscoreType
Share This Article
Twitter Email Copy Link Print
Previous Article Curiosity Finds First In Situ Evidence of Carbon Cycle on Ancient Mars : ScienceAlert Curiosity Finds First In Situ Evidence of Carbon Cycle on Ancient Mars : ScienceAlert
Next Article Trade deficits forever? – Econlib Trade deficits forever? – Econlib
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

The “K-Beauty Botox” is Here: Everything You Need to Know

A journey to Korea is a must for any beauty enthusiast. The idea of packing…

October 13, 2025

The Best Hotels in Milan, From Grande Dames to Stylish Boutiques

Milan, known for being one of the big four fashion cities and Italy's financial capital,…

July 11, 2025

Dopamine Doesn’t Work in Our Brains Quite The Way We Thought : ScienceAlert

Dopamine: A Closer Look at How it Functions in the Brain Dopamine is a chemical…

July 22, 2025

New study shows huge groundwater losses along Colorado River

A recent study conducted by researchers at Arizona State University has revealed alarming rates of…

June 7, 2025

Gunmen robbed 3 businesses in 90 minutes. Now Chicago cops need help tracking them down.

The Chicago Police Department is seeking the public's help in identifying a group of armed…

December 30, 2024

You Might Also Like

Dan Ives’ AI ETF Hits B in Assets Just Five Months After Launch
Economy

Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

October 31, 2025
Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
What is a merchant bank?
Economy

What is a merchant bank?

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?