FINANCE
How loan platforms impact your credit score
Most use a mechanism that protects your rating.
The 'soft inquiry' is standard
Platforms use a soft pull to sync data, which is invisible to lenders. But one model requires more.
The debt automation exception
Tools like Tally issue a new loan to pay off cards, triggering a hard inquiry and a temporary score dip.
See the 3-platform comparison
The full analysis reviews Empower, Tally, and YNAB for distinct debt-payoff strategies.
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