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Old 06-11-2008, 04:14 PM
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Default Soft credit pull
What does a "soft credit pull" mean?
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Old 06-16-2008, 09:02 AM
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Join Date: Oct 2007
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Default Commercial Bond
Quote:
Originally Posted by Bond Magician
What does a "soft credit pull" mean?
A Soft Credit Pull is when credit is run for insurance purposes. It does not affect your score in any way and doesn't even show that it's been pulled. As you know, everytime your credit is run, it seriously affects your score. A number of years ago, when people started to really shop for insurance, they were hit with the fact that their scores were dropping dramatically. So, the courts determined that when your credit is pulled - strictly for insurance purposes - it will not affect your score.
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