Does a soft credit check show bankruptcy? This question is about Soft Credit Checks: What They Are & When They’re Used

Does a soft credit check show bankruptcy?

This question is about Soft Credit Checks: What They Are & When They’re Used

Lauren Smith, WalletHub Staff Writer

@laurenellesmith • 12/16/22 This answer was first published on 12/16/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, a soft credit check does show bankruptcy. Soft or hard inquiries list the same information, including payment history, account balances, card limits, and bankruptcies, which remain on your credit report for 7-10 years. A Chapter 7 or Chapter 11 bankruptcy will fall off your credit report after 10 years, and a Chapter 13 bankruptcy typically stays on your report for 7 years.

A soft credit check occurs when you review your own credit report, a creditor does regular account maintenance, or a lender pre-approves you for a new credit card or loan. Hard credit checks are used when you apply for a loan, credit card, or line of credit.

It’s important to note, soft credit checks do not impact your credit score. Hard credit checks may cause your score to drop temporarily, typically by 10 points or less.

You can check your credit report and get personalized credit-improvement tips for free here at WalletHub.

What is a soft credit check and what does it show?

A soft credit check shows the same information as a hard inquiry. This includes your loans and lines of credit as well as their payment history and any collections accounts, tax liens or other public records in your name. A soft credit check does not hurt your credit because it happens when you review your own credit report or a creditor does so for regular account maintenance or to pre-screen you for a credit card.

A hard credit check, on the other hand,...

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