Tag prequalification

Credit Score

Does Prequalification Impact Your Credit Score?

Prequalification does not affect your credit score. This initial step in the lending process is a soft inquiry, which means it won’t show up on your credit report or influence your score. When you prequalify for a loan, you provide…

Hannah Edwards
January 14, 2026

Credit Score

Will Prequalification Affect Your Credit Score?

Prequalification generally does not impact your credit score because it typically involves a soft inquiry, unlike a hard inquiry which can affect your score. This means that you can get an idea of your borrowing potential without the worry of…

Hannah Edwards
January 13, 2026