An inquiry occurs any time an individual or business requests a copy of a person’s consumer bureau report – also known as a credit report. The bureaus keep a record of all inquiries made. Creditors and scoring models could consider inquiries a negative factor in a consumer’s report. On a soft inquiry, the inquiry is only visible to the consumer if requesting a copy of their own consumer report, whereas a hard inquiry can be seen by other credit reporting agencies and may impact FICO or other credit scores.
Articles in this section
- Want to shop online?
- Where can I find a retailer that offers Progressive Leasing?
- What's the process to shop with Progressive Leasing at Lowe's?
- What do I need to apply for my next lease-to-own agreement?
- Why do you need my bank information?
- What do I need to apply?
- Does Progressive pull credit reports?
- What other information does Progressive Leasing consider?
- Is this a hard or soft inquiry (hit) on my credit?
- Does it matter that I have bad or no credit?