Your credit file plays a big role in determining what finance products you can access and the interest rates you’ll be offered. Understanding your credit score is the first step to improving your financial position and ensuring you get the best possible deal.
It is good to check your credit file especially before applying for finance. By purchasing it through Natloans:
A Soft Credit Enquiry is triggered by an authorised third party such as Natloans who want to obtain your information to assess what loan options are accurately available to you. A soft credit enquiry will not effect your Credit Score.
A Hard Credit Enquiry is triggered by a credit provider after you apply for credit so they can review your report for details such as repayment history, the number of loans you are currently holding and also your credit score. A hard enquiry will effect your credit score.
Hard Credit Checks stay on your Credit File for 5 years. This is why it is important to use an authorised third party such as Natloans who will not make multiple enquiries on your Credit File and reduce your Credit Score.
