Do the credit checks that Geico and other auto insurance companies do for rate quotes negatively impact credit?
Are the credit checks that auto insurance companies do "hard pulls" or "soft pulls?"
Answers:
Soft
You are not borrowing money from Geico
Insurance companies are a soft hit and don't impact the scoring.
Those are soft pulls, similar to if you check your own credit or if a potential employer pulls your credit. They do not negatively affect your credit score. Hope this help!! Source(s): 6 years of consumer finance experience
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Answers:
Soft
You are not borrowing money from Geico
Insurance companies are a soft hit and don't impact the scoring.
Those are soft pulls, similar to if you check your own credit or if a potential employer pulls your credit. They do not negatively affect your credit score. Hope this help!! Source(s): 6 years of consumer finance experience
Related Questions: