Your credit score may be impacted by your online installment loans application in a number of ways. We don't perform credit checks because we are credit brokers. To determine your eligibility, lenders first run a soft search that doesn't affect your credit score. The lender will, however, perform a rigorous check on your credit report after you accept a loan offer, which may have an impact on your score. It's crucial to remember that while skipping payments may have a bad effect on your credit score, regular loan repayments might eventually raise it.