FINANCE
One loan application costs 5 credit points
How to shop for rates without the penalty
The hard inquiry mechanism
When you formally apply, lenders perform a 'hard pull' on your credit. This signals new debt risk to scoring models.
The 'soft inquiry' alternative
Pre-approval checks use a 'soft pull', which is invisible to scoring models. This lets you compare rates without penalty.
Find credit-safe loan options
The full report details lenders that use soft inquiries and loans that build credit.
READ THE FULL ARTICLE