Tag Archive for: credit pull

Hard Credit Pulls, Soft Credit Pulls – Do We Need to Care?

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Given that it was about 25 years before credit scores were widely used, I’ve always thought it was remarkably prescient – because most borrowers care far too much about credit pulls and the impact on their scores.Read More

Too Much Caution Over Credit Inquiries; Soft Pulls Are Not The Answer

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A hard credit pull or inquiry is when a lender checks a borrower’s credit in response to an application for additional credit. A soft pull is when an entity just wants to see someone’s credit standing for some other reason – other than a credit application. A background check is a great example.Read More

Rapid Re-Scores Revisited

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We often do a “rapid re-score” to repair a borrower’s credit for a variety of reasons: (1) to raise a borrower’s score above a minimum requirement, such as 700 for […]Read More