Frequently asked questions & answers
When you apply for a new loan, lenders do a ‘hard enquiry’ on your credit report. This can slightly lower your credit score.
With Fox Finance Group, we complete a ‘soft enquiry’ to check your credit first. This doesn’t show on your credit report. Only when you pick a lender and we submit your application will the lender do a ‘hard enquiry,’ which will then appear on your credit file and might slightly lower your score.
No. A low doc loan works like any standard loan in terms of credit. Repaying on time can support or improve your credit profile, while missed payments or default can negatively affect it, just like any other loan.
