The Acorn Finance application process is designed to let customers easily check for offers from multiple lenders with one simple application.

The process we use to allow lenders to make quick decisions about whether they can pre-qualify the customer for a loan includes a Soft Credit Inquiry.

A Soft Credit Inquiry allows the lenders to see current credit score and the various trades you have in your file along with payment history. Using this and additional details provided in the application, the lenders decide if they can make pre-qualified offers to the customer.

A soft inquiry does not impact your credit score the way a hard inquiry does.

Once a customer sees and selects an offer by clicking on the "select" button, they continue the application online with the lender they have selected.

The customer will provide additional details and validate their income and identity. In the last step of the process they will click to accept the lender's disclosures and this will authorize the lender to do the Hard Credit Inquiry.