Using DEC Lending to check your rates doesn’t affect your credit score. Here’s how it works: DEC Lending’s prequalification process uses a soft credit inquiry that requires you having to apply for a loan.
You’ll be asked to authorize a hard credit inquiry when you apply for the loan. A hard inquiry can impact your credit score by two to nine points, but typically by no more than five.
What rate should I expect and how can I get the best rate?
Some lenders even offer an autopay discount if you authorize your monthly loan payments to be directly withdrawn from your bank account.
Qualifying for the lowest rates offered by a lender is dependent on your online application, credit approval and score, loan terms, and other factors.