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Soft vs hard credit inquiry: What’s the difference?
Credit: IndiaTimes- Published on November 16, 2023
A hard credit inquiry occurs when lenders assess your credit reports to evaluate your credit history and determine whether to grant you new credit. Multiple hard inquiries within a short timeframe can lower your credit score and make lenders view you as a higher-risk borrower. On the other hand, soft inquiries do not affect your...
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