Will applying affect my credit score?

Just applying to check your offer will not affect your credit score.

Once you've submitted your Climb application, we will conduct what is known as a "soft" credit check to evaluate your eligibility. This soft inquiry may be recorded on your credit report, depending on the credit bureau, but it will not affect your credit score.

If you are offered a Climb loan and accept that offer, we will perform what is known as a "hard" pull on your credit once the money is sent to your school. This action will be recorded as an inquiry on your credit report and may impact your credit score.

You have the right under the Fair Credit Reporting Act to obtain one free credit report from each of the three US national credit reporting agencies during any 12-month period. We encourage you to do so to make sure your reports are accurate.

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