Hard and Soft Credit Checks: What's the Difference?
Hard Credit Checks
- Traditional bank loans
- Credit cards
- Auto loans
Soft Credit Checks
- Rental apartments
Background checks (for employment opportunities)
Not all small business lenders use this approach, but Lendified has committed to only performing soft credit checks so you can have the peace of mind that your credit won't be affected.
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About the Author
Lendified is Canada's premier online lender for small businesses. The company was founded by former bank executives dedicated to provide businesses with fast, easy, and affordable financing. The Lendified team regularly produces blogs and guides to help small business owners succeed.