Does being denied damage my credit score?

No, being denied doesn't impact your credit score. When you check your rate at Upgrade, we perform a soft inquiry on your credit report. A soft inquiry will not impact your credit score and can only be seen by you. If you accept a loan offer and submit your bank account information, we perform a second soft inquiry. Only when a loan is funded do we perform a hard inquiry on your credit report, which may impact your credit score.

Articles in this section

• Are the personal loan rates fixed or variable?
• Can a personal loan or Upgrade Card be used for school?
• Can I apply by mail?
• Can I apply for another personal loan through Upgrade?
• Can I change my instructions?
• Can I include additional income?
• Can I include household income on my application?
• Can I increase my loan amount after I’ve already selected an offer?
• Can I mail my documents to you instead?
• Can I use my entire loan to pay off my credit cards?