When is your credit score pulled?

October 26, 2022

By Katie Levene

When is your credit score pulled?

A woman has her credit pulled when she applies for an apartment rental.

You may be surprised about some of the times your credit is pulled. We’ve provided a list below so you’re prepared for the next time you apply for a new loan or open an account, especially if you have frozen your credit.

A credit pull, also known as a credit inquiry, is when a third party views your credit report. As you will see in the list below, there are two types of credit inquiries. Only hard inquiries negatively affect your credit score. A hard credit inquiry happens when a potential lender checks your credit to determine whether or not you qualify for a loan and at what rate. (You can learn more by reading: Know the difference between hard vs. soft credit inquiries.)

Hard credit inquires

Your credit would be pulled if you apply for one of the following:

  • Apartment rental
  • Business loan
  • Cable plan*
  • Car loan
  • Cell phone plan*
  • Credit card
  • Mortgage
  • Paying for a rental car with a debit card*
  • Personal loan
  • Student loan
  • Utilities*

Soft credit inquiries

A third party may view your credit score in the following circumstances:

  • Alliant membership application
  • Background checks
  • Checking your own credit score
  • Employment verification
  • Insurance policies
  • Opening a savings or checking account
  • Preapproval offers: credit cards, insurance quotes, lenders, etc.

Let’s talk about the starred items

The starred items above are surprisingly sometimes a hard credit pull. A credit score is composed of a variety of factors, including whether or not you pay your bills on time. A cable, phone or utility company will do an inquiry because they want to do business with people who pay their bills.

 A rental car company will want to ensure you can pay for any damages to your car. To avoid this check on your credit, you can simply pay for a rental car using a credit card. Need more info? Read: The best way to pay for a rental car

If you are concerned about whether or not your credit score will be impacted, give the company a call. Often times an organization will be upfront on their application about how they pull credit. If you are still unsure, a conversation is always best.

The importance of good credit

Good credit will help you get better rates and more lending opportunities. A good credit score could even help you land your dream job. In order to ensure you have a healthy score and it stays that way, learn how your credit score is calculated and ways to build your credit score.

Katie Levene is a marketer fascinated with finance. Whether the topic is about the psychology of money, investment strategies or simply how to spend better, Katie enjoys diving in and sharing all the details with family, friends and Money Mentor readers. Money management needs to be simplified and Katie hopes she accomplishes that for our readers. The saying goes, "Knowledge is Power", and she hopes you feel empowered after reading Money Mentor.

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