Process Terms
Soft Inquiry: Definition
A credit check that doesn't affect credit scores.
Definition
A Soft Inquiry (also called soft pull) is a credit check that does not affect a consumer's credit score. Soft inquiries occur when consumers check their own credit, when lenders prequalify consumers, or when existing creditors review accounts. These are visible only to the consumer.
Usage Notes
- Does not impact credit scores
- Visible only to consumer
- Used for pre-qualification and account review
Related Terms
More Process Terms
Dispute
A consumer's challenge to the accuracy of reported information.
ACDV (Automated Consumer Dispute Verification)
The system used by bureaus to process consumer disputes.
e-OSCAR
The industry system for processing credit disputes electronically.
File Submission
The process of sending Metro 2 data to credit bureaus.
Credit Report
A detailed report of a consumer's credit history.
Credit Score
A numerical representation of creditworthiness.
Tradeline
A record of a single credit account on a credit report.
Hard Inquiry
A credit check that may affect credit scores.
Simplify Credit Reporting
Metro2 software handles all the complexity of Metro 2 format compliance, so you can focus on your business.