Is Lendingtree a Hard Inquiry? FIND OUT

Is Lendingtree a Hard Inquiry?

Hard inquiry, like Lendingtree is a pre-approval stage where research is being made on anyone who wants a loan or a search for credit card.

Either a personal loan or credit card, each inquiry will be addressed separately. Lendingtree does not show anyone but you, your credit report or scores.

Hard inquires are reported on your credit report when a financial company check your credit based on your approval, in the process of considering you for a loan or credit card.

These items lay impact on your credit. Hence, it is paramount yo understand what they are, why they are there and how to limit them.

Keep reading to know more about hard inquiries and how to keep them from lowering your credit unnecessary.

ALSO SEE: How To Remove Midland Funding From Credit Report?

Is Lendingtree a Hard Inquiry?

How Do Hard Inquiries Impact Your Credit?

Hard Inquiries, among others, are one of the major factors making up a credit score. Factors include:

  • Payment history: whether your bills are paid on time-based agreement on account for around 30% of your score.
  • Credit utilization: how much of your available revolving credit limit you are actively using accounts for around 30% of your score.
  • Credit age: The age of your oldest credit account and its contribution to around 50% of your score.
  • Credit mix: creditors want to see that you can manage different types of account, such as revolving and installment accounts. Credit mix makes up around 10% of your score.
  • Hard Inquiries: the number of recent hard inquiries on your report makes up about 10% of your score.

Although, hard inquiries are not the most paramount factor in your score, they have an impact. Having a large number of hard inquiries on your account means you’re desperately chasing credit; this is not a review a lender would expect to see from one who is financially stable.


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