Credit Card Glossary: Terms and Definitions
The term used to describe a credit report check that does not impact the borrower’s credit score. Also known as a “soft pull.” Soft inquiries as a rule come from evaluations that don’t result in the granting of credit. For example, consumers can check their own credit as much as they like without it affecting their score. Other examples include periodic checks by existing creditors and credit information pulled by insurance companies in the course of deciding whether to offer insurance.