You may have noticed that a few of the loans listed in the results say, ‘Not Eligible’ or ‘Not Rated’. By looking at your credit history, how much you want to borrow and our eligibility criteria, a likelihood score is generated.
We think it’s responsible to tell you how likely you are to be approved before you apply. By working with a credit reference agency, we do a pre-application check of your credit record, called a soft search.
You’ll be able to see the search on your credit file, but it won’t show up to other organisations. This means there is no impact to your credit rating and ability to borrow money.