Credit Check From Your Insurance Company

Thu, Apr 02, 2015

Credit checks from your insurance company is considered a “soft hit” and an inquiry will be added to your credit report each time an insurance company accesses your credit report. But, the inquiries will have no effect on credit scores or lending decisions.
Insurance inquiries are shown only on your personal credit report. They are not provided to lenders, so they are not considered in credit score calculations or lending decisions. The inquiries are treated the same way as inquiries for employment purposes, preapproved credit offers, and requests from you for a personal credit report.
Because inquiries for these purposes are the result of your application for credit, they are shown only to you so that you have a complete record of who accessed your credit report and why.