Share post
member profile picture
Posts: 1
Credits: 0
[Donate]

I have heard about hard inquiry? recently I ahve heard about hard penalty. What is this? Does this mean there will be a hard inquiry for paying back mortgage?




Hard inquiry is triggered when you apply for a credit card or a loan. Too many hard inquires within a span of 45 days won't hurt your FICO score. There will be a hard inquiry when you apply for mortgage.

Sub: #1 posted on Tue, 03/19/2019 - 23:25

David Martin David Martin

(Posts: 203 | Credits: )

No, only when you applies for loan, or a credit card, your financial record will be checked by the lenders of creditors. This process is known as hard inquiry.

Sub: #2 posted on Fri, 03/22/2019 - 05:39

sanderspatricia29 sanderspatricia29

(Posts: 1118 | Credits: )

Paying back mortgage do not trigger a hard inquiry. It'll only counted when you apply for a auto loan, mortgage, or credit cards. Each of these types of credit checks count as a single credit inquiry.

Sub: #3 posted on Tue, 03/26/2019 - 00:29

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.713 seconds.