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  1. Join Date
    Oct 2007
    Posts
    401

    Soft credit pull

    What does a "soft credit pull" mean?

  2. Join Date
    Oct 2007
    Posts
    558

    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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