Does applying affect my FICO score?

Applying to check your rate and get placed on our platform has NO impact on your credit score, nor will there be any records of it on your credit report.  This is because when initially applying, we only conduct a soft inquiry on your credit, which has no affect on your credit score.  The only time we do a hard inquiry, which will appear on your credit report, is at the very final step of the process.  At that stage, you have attracted sufficient investors, have completed the entire application (income, identity, and bank verification), and have passed the final review by the underwriting team.  If your application gets declined or cancelled anytime before that very final stage, it would be as though the application never took place.

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