Checking your loan options online will not impact your credit score. When you check your rate to see what offer(s) you may qualify for, Meirtize performs a soft inquiry on your credit report, which won’t impact your credit score. Other creditors won’t be able to view soft inquiries since they can only be seen by you.
Once you’ve selected the loan option that’s best for you, you’ll be asked to complete an application and to enter additional information. Once your application is complete Meritize performs a hard inquiry on your credit report which may impact your credit score. Meritize will let you know during the application process at what point your credit score might be impacted.