When you complete an application for a personal loan, the lender will ask for additional information, such as a copy of your driver’s license, proof of income, and your bank routing and account numbers. The lender will also usually ask for your consent to do a hard credit check. The re...
“soft” credit pull—a search for informational purposes, as opposed to a “hard”credit check, which indicates a new or imminent loan application—and it often relies on your estimates of your financial situation. Mortgage prequalification is useful when comparing offers and mortgage rates from ...