Lenders will run a credit check as well as an affordability check for every application for one of their bad credit loans. This is to ensure that the customers can pay back the loan and not end up in more debt. It’s also why lenders allow customers to pay back loans early if they can afford to. Remember, the lenders that our broker partner works with will use soft search technology, which doesn’t harm your credit score, so you can apply with confidence.
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