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  1. #1
    Registered User New Member

    Hard vs Soft Pulls

    I've been using credit cards responsibly for years, but I'm still a little confused by some of the terminology. What is the difference between a hard and soft credit pull? I THINK both of these temporarily hurt your credit, but I don't know to which extent, and how long the pull shows on your credit score.

  2. Hard vs Soft Pulls
  3. #2
    Soft pulls DO NOT hurt your credit - this is what all of the free credit report services do... I usually notice a 10 - 15 point drop in my credit score after a hard pull however it tends to rebound after a month or so, especially after opening up a new account.

    Too many hard pulls can be a red flag to the banks who try to minimize lending risk by not lending to those who appear to be desperate for credit. I would try to limit hard credit pulls to 3 a year MAX.

  4. #3
    CreditDave is correct, soft pulls will not hurt your credit score. If you have ever used CreditKarma, they do a soft pull on your credit score - this is why you can refresh you score as many times as you want without damaging it.
    Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit

  5. #4
    Registered User New Member
    SPs do not hurt your credit.

    HPs do. The amount of points deducted from your FICO varies. The general concensous is that point deduction is tiered. for example: 1-3 HPs are worth x amount each, 4-7 is worth a different amount etc etc

  6. #5
    Registered User New Member
    When do companies do a hard pull? Besides when you apply for a new card?

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