Second Credit Check?

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  • Question
  • Updated 8 months ago
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??
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John Hong

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Posted 8 months ago

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Allan, Mobile Master

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To make sure you can afford another line.
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Goran, Mobile Master

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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.
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Daniel Hryb

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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 
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John Hong

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