Question

How do inquiries affect my credit score?

Answer

There are two types of credit inquiries. Hard Inquiries and Soft Inquiries. Only Hard Inquiries impact your credit scores negatively, and depending on the condition of your credit at the time the inquiry hits your reports, you can lose anywhere from 2-25+ points. The good news is that pulling your own credit report is considered a soft inquiry and will not impact your scores at all.

For more information, ask for our Fact Sheet: Learn the Facts About Credit Inquiries.