How does applying for a loan affect my credit?

Checking your rate on Upstart will not affect your credit score.  When you check your rate, we do a “soft credit pull." Soft credit inquiries on your report do not lower your credit score, although you may be able to view a record that it was done. If you are offered a loan and accept that offer, we will then run a “hard credit pull” to verify the accuracy of  your application.  This action will be recorded as an inquiry on your report and it may impact your score.

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