What is the difference between hard and soft inquiries?
An example of an AI chatbot conversation about the difference between hard and soft inquiries in credit reports.
What is the difference between hard and soft inquiries?
Hard inquiries occur when a lender checks your credit for lending purposes, while soft inquiries are for informational purposes.
How do they affect my credit score?
Hard inquiries can lower your credit score slightly, while soft inquiries do not affect it at all.
Can I check my own credit without a hard inquiry?
Yes, checking your own credit is considered a soft inquiry and won't impact your score.
How long do hard inquiries stay on my report?
Hard inquiries typically remain on your credit report for about two years.
Should I be worried about hard inquiries?
While hard inquiries can affect your score, they usually have a minimal impact and fade over time.
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