<ul><li>A hard inquiry takes place when a financial institution evaluates your credit report and score to check your creditworthiness and judge whether you qualify for a loan or credit card.</li><li>A hard inquiry can negatively impact your credit score, especially if there are multiple hard inquiries within a short period.</li><li>A soft inquiry is done for gathering information about your credit profile and has no impact on your credit score.</li><li>Soft inquiries are not visible to other financial institutions and have no impact on your loan applications.</li></ul>

Credit Score: What's Soft Inquiry And Hard Inquiry?

Discover more