Do pre approvals hurt your credit score?
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Studied at the University of Buenos Aires, Lives in Buenos Aires, Argentina.
A soft inquiry is what lenders use to preapprove a consumer for a line of credit. ... Soft inquiries are seen only by the consumer and do not accompany requests for a credit report. They do not affect credit scores, and other lenders cannot see them. Hard inquiries can affect a consumer's credit score if there are many.
2023-06-14 06:16:20
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Julian Turner
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A soft inquiry is what lenders use to preapprove a consumer for a line of credit. ... Soft inquiries are seen only by the consumer and do not accompany requests for a credit report. They do not affect credit scores, and other lenders cannot see them. Hard inquiries can affect a consumer's credit score if there are many.