What is a soft credit check when borrowing $100?
A soft credit inquiry when borrowing $100 or any other amount is a credit inquiry that does not affect a person’s credit score. Before issuing loan requests, many lenders, like in emergency loans online, do a soft credit check to see if you are eligible for a loan based on factors like your address and employment information. It does not harm your credit score as a hard credit check is pulled too often, and it is particularly useful for those with bad credit scores.