Will PadSplit pull my credit during the application process?

At PadSplit, we believe everyone deserves access to quality, affordable housing. We want to reassure you about how we handle credit information during the membership application process.

Our Approach to Credit

• We may take a peek at your credit history, but don't worry - your credit score will not impact your Membership approval. 

Those with any credit history (and even no credit) can join the PadSplit community

• There is no minimum credit score required to become a member. We may review credit history (soft pull), but it does not determine approval or denial. Income verification is what determines the weekly room rate limit.

Protecting Your Credit Score

• We use a "soft-pull" credit check. It’s conducted when someone checks your credit report, but you aren’t submitting a formal application for credit. In contrast, a hard credit check is an official loan application. A soft pull credit check doesn’t hurt your credit because you aren’t actually requesting to borrow any money. It doesn’t factor into the credit bureaus’ credit score calculations either. This means our review is unlikely to impact your FICO score.