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Will borrowing on Lenme impact my Credit Score? 💯
Will borrowing on Lenme impact my Credit Score? 💯

Explaining the effect of using Lenme's borrowing services on the credit score.

Updated over 2 months ago

Checking your rate will only be a soft inquiry which does NOT impact your credit score.

After you agree on a loan will there be a hard hit which impacts your credit score. 📰

In the future, Lenme is planning to report payment behavior of our borrowers to the credit bureau so making your payments on time will positively impact your credit score while missing payments will negatively impact your credit score. 🏦

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