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QUESTIONS
May I be prequalified without impacting my credit history?
Yes. You, we run a soft credit pull, which does not impact your FICO ® credit score when we prequalify.
When a concluding decision is made in your application, we operate a tough credit pull, which could affect your credit rating. Find out about hard and credit that is soft.
So how exactly does Oportun assist me personally build a credit rating?
Unlike other alternate lenders, we report your account behavior to credit bureaus that is nationwide. Each we let them know whether you’ve made your account payments on time and in full month. You are able to establish credit that is positive you make your requested payments on or before your due date, spend a lot more than what exactly is required, or spend your bank account in complete. It generally speaking takes https://speedyloan.net/title-loans-nm at the least 6 months to determine an initial credit history.
In the event that you miss repayments or make belated or incomplete repayments, we additionally report that towards the credit reporting agencies. Read the rest of this entry