Avoiding hard credit checks is easy as many high street lenders are offering soft search loan. To reduce the number of hard credit checks on your report, find lenders who prefer to conduct a soft search for the initial loan approval process. This way you can minimize the damage on your credit score. Suppose say, you receive an offer from a lender with a quote that you didn’t feel like going ahead with, you can deny the lender right away and without any impact on your credit score. However, if you opt for lenders who do not perform a soft search, and you receive a quote you do not agree with, you will end up hurting your score.
At 786 Loans, we offer soft credit check loans and no guarantor loans to help borrowers build and maintain their credit score. Because we believe that borrowers should be protected from being exploited.