Hard and soft credit inquiries are two ways that lenders can check your credit history.
For a lender to make a hard inquiry, you must first authorize it. And a hard inquiry temporarily hurts your credit score.
To reduce the negative impact of hard inquiries on your credit, try to both limit and consolidate your loan applications, and be sure to dispute any unauthorized hard inquiries that appear on your credit report.
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This information is not intended to be and should not be treated as legal, investment, accounting or tax advice and is for informational purposes only. Readers, including professionals, should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal, accounting or tax advice from their own counsel. All information discussed herein is current only as of the date appearing in this material and is subject to change at any time without notice.
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