What does a soft hit credit check actually mean?

Asked by SQUEEKY2 (23114

) July 4th, 2019

We were reinsuring our house for the year, and the agent said she could save us some money on our insurance, if she did a credit check, she assured us it was just a soft hit.
She actually saved us $200 on our insurance by doing this.
Just want to know what the heck is a soft hit?

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3 Answers

A hard hit means that they did a full check, that is used for actually granting you additional credit (in other words, the result of the credit check is a new loan or credit card).

A soft hit is basically a lookup to see what your history is, essentially to see if you have a history of paying your bills. So for your insurance, they aren’t giving you new credit, they just want to see if you have a good history.

Soft hits don’t go on your history. Other creditors do NOT see them.

elbanditoroso (33146

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