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How they differ
A soft search (or soft check) looks at your credit file to gauge eligibility but is only visible to you — other lenders don't see it and it doesn't affect your score. A hard search is logged on your file when you formally apply, and several in a short window can dent your score because they suggest active credit-seeking.
What this means for your company
When comparing lenders, favour those that give an eligibility indication or quote via a soft search first, so you can shop around without harming your file. Only proceed to a full application (a hard search) where you have a genuine intention and a realistic chance. This protects your credit score while you find the right offer.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Does checking my own credit hurt my score?
No. Checking your own file, or a lender running a soft eligibility check, is invisible to others and has no effect on your score. Only formal applications with hard searches leave a mark.
How many hard searches is too many?
There is no fixed number, but several within a short period can lower your score and signal risk to lenders. Space out applications and use soft-search eligibility checks to narrow your options first.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.