A credit check is an inquiry into your loaning history, whether it's by credit cards or actual loans. Whenever a credit check is performed, its objective is to find out whether you pay your debts on time and in full, or if you have any negative information on your report. You can closely monitor your credit score without damaging it right here on WalletHub! Our tool uses a soft inquiry system, which does not affect your score. To start, sign up and go to https://wallethub.com/free-credit-score/!
In the simplest terms, a credit check is a view of all of your credit accounts to ensure that you have made all the repayments on time.
When considering credit accounts, some items stay on your credit report longer than others including late payments, missed payments, tax liens, foreclosure, and short sales.
Every company will look at your credit history before approving a mortgage. personal loan, or extending any sort of credit.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.