We'll use one of the three main credit reference agencies to collect information about your client's credit. Their credit score indicates how likely they are to repay a loan. A higher credit score means they're more likely to be accepted for credit but it's not a guarantee.
We'll use our own algorithms to consider their level of affordability and how much we can offer them.
A soft search is conducted at the Agreement in Principle (AIP)/Decision in Principle (DIP) stage of an application.
Keywords: soft footprint