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The Shocking Revelation of Soft Credit Check | soft credit check

What is a soft credit check? A soft credit check refers to a pre-employment screening question that may be asked of potential employees as part of their job application process. A soft credit check allows lenders, prospective employers and others interested in you to review your credit history but those inquiries are typically not connected to lending decisions. A soft credit check does not impact your credit rating in any manner.

Soft credit checks can affect both your FICO and credit scores. Lenders and potential employers will be able to determine how reliable you are as well as your level of responsibility and whether you are trustworthy. In essence, your future employer can decide whether to extend a job offer based on the information provided by your soft credit check. This decision can greatly affect whether or not you receive the job. In fact, many potential employers mistakenly believe that an employee who has clean credit records is more reliable than one who has a damaged FICO score or one with no credit scores at all.

When you are trying to get a house of your own, a lender often looks at your credit report before making a decision as to whether or not to lend you money. If you have a low score, it can be difficult to find a mortgage lender willing to approve a mortgage loan. A soft credit check can make it possible for you to find a lender who is willing to approve a mortgage loan without first knowing your score. Once you know your score, you can start working to repair your report. In fact, you should work to repair your scores as much as possible prior to applying for loans to purchase a new home.

A soft credit check can also affect your scores when you apply for credit cards. Some credit card issuers allow you to take advantage of the opportunity to improve your scores by applying for a “hard check” credit card. With a hard check credit card, you can avoid having to go through a soft inquiry process. With a hard check card, you avoid having to deal with the hassle and embarrassment of dealing with a creditor who pulls your credit report in order to determine if you qualify for a credit card. The end result is that you can obtain credit card offers at a rate that is less than if you had to go through a soft credit check.

A hard inquiry occurs even if a lender does not initially pull your credit report. Whenever this occurs, you are notified by mail. You may then choose to respond to the notice or leave the matter alone. Unfortunately, not all lenders abide by this policy. If a lender pulls your credit report even after you have not been informed about a hard inquiry, you can suffer the results of a negative background check even if you did nothing wrong.

A soft credit check happens when a company does not pull your credit report. If a company does not pull your report, you do not even need to be notified. This means you never have to know that a hard inquiry took place until you apply for a credit card or even pay a bill. The only way for a company to know that a hard inquiry occurred is to request it from the three major credit reporting agencies ( Experian, Equifax, and TransUnion). In that case, you can be sure that the inquiry did not occur even if the company says it did not.

When a hard inquiry occurs, you can be sure that a lender will do everything possible to avoid granting you credit cards. That is why you can be sure that any soft credit check result is accurate and should not be reported to the three major credit reporting agencies. That way, you will never suffer the consequences of a negative inquiry.

A hard credit check result can hurt your potential employment prospects. It can damage your credibility among current employers as well as future employers. You may even find that you are not granted employment as a result of a bad report. The worst part is that even if a negative inquiry is pulled by a background check service, you can still request a hard credit check online so that you can see what lenders are pulling your score. You can then compare what they say with what is in your report to make sure it is accurate.

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