When you initially check your eligibility with Post Office Loans - powered by Lendable, we work with our credit reference agency partner, TransUnion, to do a ‘soft’ credit search to see if we can offer you a quote. This means our checks won’t impact your credit file.
You might also see a soft search on your credit file after searching on a price comparison website (like Experian) for a quote, however this won’t be visible to other lenders.
We will perform a hard credit search only if you go on to complete the full application and accept the loan agreement. As a responsible lender, we need to run these checks before you can receive your loan.
A hard credit search may impact your credit score and your ability to obtain credit in the future. If you want further information about your credit file, you can access your TransUnion file for free at www.creditkarma.co.uk.