what is the difference between a \soft pull\ and a \hard pull\ of your credit report? question 4/10…

what is the difference between a \soft pull\ and a \hard pull\ of your credit report? question 4/10 marketers can initiate a hard pull without your permission a soft pull impacts your credit score a hard pull occurs when you apply for credit requesting a free copy of your credit report is a hard pull

what is the difference between a \soft pull\ and a \hard pull\ of your credit report? question 4/10 marketers can initiate a hard pull without your permission a soft pull impacts your credit score a hard pull occurs when you apply for credit requesting a free copy of your credit report is a hard pull

Answer

Brief Explanations:

A hard - pull occurs when you apply for credit and impacts your credit score. A soft - pull, like requesting a free copy of your credit report, does not impact your credit score and can be initiated without affecting your credit standing. Marketers cannot initiate a hard - pull without your permission.

Answer:

A soft pull impacts your credit score, while a hard pull occurs when you apply for credit. Requesting a free copy of your credit report is a soft pull, not a hard pull, and marketers cannot initiate a hard pull without your permission. So the correct answer is: A hard pull occurs when you apply for credit; a soft pull impacts your credit score is incorrect as it's the other way around; requesting a free copy of your credit report is a soft pull; marketers cannot initiate a hard pull without permission. The key difference is that a hard pull is related to credit applications and affects credit scores, and a soft pull is for non - credit application related inquiries and doesn't affect scores.