Hi ,
Monzo is offering loan and even they have send me pre-contract documents, just want to know , is it confirmed if I I go ahead to proceed this loan or they will further check, because I don’t want to lose my credit score if it declines, if it’s going to prove then doesn’t matter what impact on credit score,
If anyone knows or experience about it please let me know , thanks and would highly appreciate it ,
If you’ve been offered, it’s more than likely approved already; clicking accept for the credit check is where monzo can reaffirm everything was correct at the time of soft search.
You don’t lose your credit score, it’s an imaginary number created by credit agencies, monzo will use their own internal score, and one rejection will not impact anything.
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