How credit inquiries impact your credit score depend on the type of credit inquiry they are.

Note: Credit inquiries can also be referred to as credit checks and credit pulls.

Soft Credit Check: You can undergo unlimited soft credit checks without impacting your credit score. When you apply on Sparrow, you’re undergoing a soft credit check.

Hard Credit Check: If you’re shopping for a student loan, multiple hard credit checks within 14 to 45 days are generally counted as one inquiry for a given period of time. This allows you to check different lenders and find out the best loan terms for you.