A Resource By Credit Bureau Connection
A soft pull is a type of credit report. It may contain some or all of a consumer's credit file with one of the three credit reporting agencies.
Soft pulls come in many different forms. A prescreened offer for a credit card utilizes a soft pull. A prequalification for credit is provided by using soft pull credit data.
Soft pulls are used by businesses such as credit card companies, banks, auto dealers, lenders, and other industries who are authorized to prescreen or prequalify applicants for credit.
A credit report scores individual creditworthiness based on criteria called risk factors, making up a credit score. The more a credit file is accessed, the lower the score. A soft pull does not affect an applicant's credit score.