Protecting yourself against identity fraud is increasingly important. Jayne from Experian Experts shares some key tips for staying safe online and protecting your identity.
A soft credit check, or soft credit search, is an inquiry that occurs when a person or company checks your credit report as a background check. Instead, it looks at key pieces of information to check an individual’s credit worthiness, so that lenders can assess whether the individual will be successful in applying before carrying out the full examination of a credit report.
When a lender searches your credit report, they’re looking to see how you manage your credit now, and how you’ve managed it in the past. This search is then recorded on your credit report for future lenders to see. This is useful to lenders because if you’ve made a lot of applications for credit recently, it could suggest to them that you have an urgent need for credit which you may struggle to pay back. Continue reading