Does Checking My Rate Impact My Credit Score?
Our Check Your Rate process will not impact your credit report or credit score. The process uses a “soft” credit inquiry to determine whether a pre-approved loan offer is available, which does not impact your credit report or credit score.
If you continue with the application process and accept a loan offer, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.
If you take out a loan through Promise Financial and pay back the loan on time you will build credit history that may improve your credit score.