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Home>Glossary>Pre-approval

Pre-approval

Credit scores & reports
A provisional indication that you are likely to be accepted for a product, subject to final checks.

Overview

Pre-approval often uses a soft search and basic information.

Final approval can still depend on full checks and verification.

Why it matters

  • It can increase confidence before applying.
  • It may reduce the risk of a hard search rejection.
  • It is not a guarantee of acceptance.

FAQs

Does pre-approval guarantee acceptance?

No. Final checks and verification can still lead to a decline.

Is pre-approval a hard search?

Usually it is a soft search, but you should always confirm.

Related terms

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