Credit check
When a lender looks at your credit history to help decide on a loan. Checks can be soft, which leaves no mark, or hard, which does.
A credit check is when a lender or company looks at your credit file to see how you have handled money and credit. It shows things like past loans, missed payments, and defaults held by Centrix, Equifax and illion.
There are two kinds. A soft credit check does not affect your score and is often used to give an early indication. A hard credit check is recorded on your file and can slightly lower your score, especially if you have several in a short time.
That is why applying to lots of lenders yourself can hurt you. Each one may run a hard check.
We start with one soft check to match you to the lenders most likely to say yes, so you are not stacking up hard checks. Get your fair rate.
See your repayments, then get a fair rate.
One application, one soft credit check, no obligation. We match you to the lender most likely to give you a fair go.