Soft searches are not credit applications
Checking your own credit report uses a soft search. Soft searches can also be used for some identity checks or eligibility checks. They do not affect your credit score and are not visible to other lenders assessing applications.
An eligibility tool is only a soft check if its terms say so. Its result is not a guarantee of acceptance.
Hard searches leave an application footprint
A full credit application commonly involves a hard search. Other lenders can see these searches, and several in a short period may affect how they assess you.
Search records have their own retention periods, which depend on the agency and search type. Check the agency’s explanation instead of assuming all searches stay for the same time.
Sources:Experian: credit scores
Before you apply
- Check whether the initial eligibility check is explicitly a soft search.
- Read the product terms and consider affordability.
- If a lender declines you, ask why before making further applications.
- Query a search you do not recognise with the organisation and the agency.