Credit Card

fabrizio
Thu, 12 Jun 2008 16:17:21 +0000

I just found out (literally about five minutes ago) that when a credit card company pulls your info to prescreen/preapprove you for a credit card, you credit score goes down.



“A soft inquiry, or soft pull, is a term used to refer to an inquiry into your credit history that does not adversely affect the credit score. Often, you are not even aware that there has been a soft inquiry on your credit report. For example, if you receive a solicitation in the mail offering you a credit card, the credit card company has most likely conducted a soft pull to see if you qualify.”

[url= http://www.lendingtree.com/smartborrower/Managing-your-credit/Credit-Report----Soft-Inquiry-vs-Hard-Pull.aspx]Source[/url]