Nationwide Soft Search

[Deleted User]

Does anyone know how reliable this is? Is quoted me ‘subject to credit check’ a card and balance.

Just wondered what people’s experiences were of it. Has anyone been offered one then rejected at credit check stage?

Thanks

[Deleted User]

Of course. It could happen to anyone depending on individual circumstances.

[Deleted User]

So what’s the point in a soft search? If it says yes then no?

[Deleted User]

It gives you an indication of your chances.

It's about probability, not absolutes.

[Deleted User]

Because it’s just a quick check of some basic data in your credit files.

You then have to carry out a full check upon application

[Deleted User]

What data does a soft check provide that’s different to a full check

Willing2Learn

Quoted from Experian:

A soft credit check is an initial look at certain information on your credit report. Companies perform soft searches to decide how successful your application would be without conducting a full examination of your credit history.

Crucially, soft searches aren’t visible to companies – so they have no impact on your credit score or any future credit applications you might make. Only you can see them on your report and it doesn’t matter how many there are.

A hard credit check happens when a company makes a complete search of your credit report. Each hard check is recorded on your report, so any company searching it will be able to see that you’ve applied for credit.

PRAISETHESUN

There are some things that are not searched with a soft search, hence why these eligibility checkers should be taken with a pinch of salt - they give a good indication of your chance for successful applications, but cannot be guaranteed

[Deleted User]

PRAISETHESUN wrote: »

There are some things that are not searched with a soft search, hence why these eligibility checkers should be taken with a pinch of salt - they give a good indication of your chance for successful applications, but cannot be guaranteed

Which things?

[Deleted User]

Google anyone?

https://www.google.com/search?q=soft+search+vs+hard+search

[Deleted User]

!!! wrote: »

Google anyone?

https://www.google.com/search?q=soft+search+vs+hard+search

Go on then, you carry out that search and point me to the definitive answer …….. if you can find one.