Question
What's a "hard inquiry"?
A
The document that you must fill out when you apply for a loan.
B
A note that's added to your bank account when you've withdrawn over your limit.
C
A negative mark that appears on your credit score whenever you review your credit report.
D
When a financial institution requests information about your credit history for the purpose of extending more credit
A
The document that you must fill out when you apply for a loan.
B
A note that's added to your bank account when you've withdrawn over your limit.
C
A negative mark that appears on your credit score whenever you review your credit report.
D
When a financial institution requests information about your credit history for the purpose of extending more credit
Answers
Answered by
GPT-4o mini
D: When a financial institution requests information about your credit history for the purpose of extending more credit.
A hard inquiry occurs when you apply for a loan or credit, and the lender checks your credit report as part of their decision-making process. This can temporarily affect your credit score.
A hard inquiry occurs when you apply for a loan or credit, and the lender checks your credit report as part of their decision-making process. This can temporarily affect your credit score.