saracallie00  

So I know what soft checks are but what are hard checks?

Hard checks do affect your inquiries. An example is when your parents file for a credit card.

Ok, so I understand the credit report, but what about your credit score?

Credit scores are a mathematical tool created to help a lender evaluate the risk associated with lending a customer money.

So how is it calculated?

10% is the types of credit in use, another 10% is pursuit of new credit, 15% is credit history, 30% is outstanding debt, and 35% is payment history.