Typically a application for the loan would include a complete credit search. If a job candidate is denied, it shows on the record. Any subsequent loan providers whom performed a search would see another business has recently refused you, and also this would lower your potential for them accepting you. It may compound the issue, as every denied application would keep another mark on your own report, cutting your score and decreasing your opportunity to be accepted in future.
In the event that you accept that loan offer, the direct loan provider is going to do a complete credit check. Nonetheless, during this period, you shall know you meet with the lender’s requirements. With a search that is full, making the repayments on time should just boost your rating.
Find your rate loan that is best without requiring a preliminary credit check.
‘Soft Credit Match’ technology fits our industry-leading panel to your profile of Financial Conduct Authority (FCA) authorized direct loan providers without making any mark on your own credit score.
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