What is “Soft credit check”?

Soft credit checks are carried out by lenders in the first stages of an application in order to assess the credit-worthiness of the applicant. These checks allow lenders to gather basic information about an applicant’s credit history and the likelihood of them being a reliable borrower, make repayments on time, the likelihood of default and so on.

Unlike a hard credit check, soft credit checks have no impact whatsoever on an applicant’s credit score, and they do not appear on your credit report once performed. This means that no other entities will be able to see that a soft check has been carried out, only the applicant themselves will see this on their report. In essence, soft credit checks do not delve into a credit report in any great depth – they are more of a cautionary glance at an applicant’s credit history.

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