Loan providers usually enable you to get prequalified for an individual loan before finishing a complete application. Try to find language like “check your price” or “see your offer,” which signals the prequalification procedure for a negative credit unsecured loan.
Its also wise to see verbiage that the credit won’t be impacted. That’s because financing prequalification is recognized as an inquiry that is soft makes it possible for a loan provider to examine your credit file without harming your credit rating.
Though it’s not a guarantee you will be approved if you are successfully prequalified, you’ll receive an initial loan offer.