<\/span><\/h2>\n\n\n\nA credit check, or credit search, is a process where a company reviews information from your credit report to understand your financial habits better. While they typically require a legitimate reason (such as a loan application), they don’t always need your explicit consent. This check is commonly performed by banks, credit providers, utility suppliers, landlords, mobile phone companies, and employers (although employers won’t see your full report).<\/p>\n\n\n\n
Companies may assess your payment history, current credit status, and overall credit management during a credit check. They may also review any financial associations you have, such as shared bank accounts or mortgages, as well as the credit history of those individuals.<\/p>\n\n\n\n
It’s important to note that viewing your credit report or score won’t impact your score or affect the likelihood of being approved for credit, no matter how many times you check.<\/p>\n\n\n\n
There are two types of credit checks: soft credit checks (or soft searches) and hard credit checks (or hard searches).<\/p>\n\n\n\n\n