Why a Credit Check May Be Required
Some applications require a credit check to help businesses evaluate financial reliability and assess potential risk.
Credit checks help businesses:
Review credit history and payment behavior
Verify financial information provided in the application
Assess risk when making decisions
Support responsible lending or screening practices
How a Credit Check Works
If a credit check is required, you will be asked to provide authorization before the check is performed.
Once consent is given, the credit check is conducted through a credit bureau. The results are then compiled into a report that the business reviewing your application can access.
What Information May Be Included
Depending on the report, a credit check may include information such as:
Credit score
Credit accounts and balances
Payment history
Public records related to credit
This information helps provide a broader picture of an applicant’s credit profile.
Does a Credit Check Affect My Credit Score?
This depends on the type of credit check being performed.
Some applications use a soft credit check, which does not affect your credit score. Others may require a hard credit check, which may impact your credit score.
If a hard credit check is required, you will be asked for authorization before it is performed.
Need Help?
If you have questions about a credit check or the application process, click the support widget in the bottom-right corner of the screen to contact our support team.