Hard credit pull

A hard pull, or hard inquiry, happens when a lender checks your credit to decide on an application. It shows on your credit report, other lenders can see it, and it can lower your score, because scoring models look at how recently and how often you apply for credit.

Many inquiries in a short span tell the next lender that you are applying widely. Sending your file to every funder you can find can cost you in points and in how the file looks.

With Openbook Capital, the application asks for no SSN and does not affect your credit. After you choose an offer, the funder runs its own verification, which may include a credit check, before it sends the contract.