Banks exploit credit checks to evaluate the risk factors and creditworthiness of potential borrowers. They report your request with the three national credit bureaus, and thus, perform a hard inquiry on your credit report.
Such reporting can lower your credit score by as much as five points. That’s why MoneyZap's partners offer no-credit-check loans that won’t affect your credit score. If you meet our lender's criteria, you can receive the loan with only a soft credit check.