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Question

Second Credit Check?


I am a current Koodo customer in good standing.  I just added another line (for my 17 year-old) and Koodo did a credit check in which my credit took a hit!  Why would you need to do another damaging credit check??

4 replies

Userlevel 7
Badge +4
To make sure you can afford another line.
Userlevel 7
Badge +4
Because it's done with each new activation. I wouldn't sweat it too much (not certain of your situation of course) as they don't do major nor lasting damage to credit scores.
Userlevel 5
Plus it's a "soft" credit check, which does not affect your beacon/credit score.  If you were approved it is actually a good thing, if you start applying for credit "everywhere" and get denied that is when it starts to negatively affect your credit score 
Daniel Hryb wrote:

Plus it's a "soft" credit check, which does not affect your beacon/credit score.  If you wer...

My credit score is in the "Excellent" range.  The Koodo "soft" check lowered it by 36 points ... 😢

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