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Kj0213

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What is a hard inquiry

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A hard inquiry is when you apply

For credit by filling out an application and signing it.  Be aware that in some situations, lenders can do hard inquiries with out your consent, if they have a viable reason to believe they may be extending credit.  (i.e.) A car dealer only needs your name and city to do a credit check on you.  They pay for access to the credit bureaus so they do not actually need your signature. 

You really should take time to read up on the articles here on CK and learn what these terms are and what they mean.  You will have to deal with your credit for the rest of your life, Your credit score is the most important number in your financial life, it will determine everything from interest rates on credit cards and loans, rates for auto insurance, Weather you can rent an apt.  and sometimes weather you get a certain job or not. 

Educate your self so you can manage your credit and not the other way around. 

Good luck 

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