An Atlanta resident recently asked “Can shopping for insurance hurt my credit score?”
If you have ever applied for a home loan your loan officer likely told you that you should not apply for or do anything that would alter your credit score during the loan process. We have had several questions from concerned Atlanta residents here at Atlanta Insurance about this issue because often times getting an insurance quote requires a credit check.
Two kinds of credit checks
The important thing to understand is that there are two kinds of credit inquiries. One is called a “hard pull” and the other a “soft pull.” A hard pull usually comes from a credit card company or a lender whereas a soft pull is an inquiry that will review your credit history and score. A soft pull, like one used for shopping insurance, will not alter your credit score and often aren’t even recorded on your file.
It Pays to Have Great Credit When Looking For Insurance
Like many other financial obligations, having a great credit score helps when you are looking for insurance. Regardless of good or bad credit, Atlanta Insurance can help you maximize your insurance discounts and when the time is right, give your policy a review.
At Atlanta Insurance we help you find a great rate, get the features that help protect you and let you rest assured that your credit score will not be affected by the process.