Decision block 01
Key service note
No “no credit check” promise
A lender can review consumer-report information, alternative data, income or bank information. Always read the authorization presented at the point where a report may be obtained.
Decision block 02
Soft inquiry vs hard inquiry
TypeWhat it means
Soft inquiryGenerally does not affect a credit score in the same way as a hard application inquiry. It may be used for screening or prequalification by some providers.
Hard inquiryCan be associated with an application for credit and may affect credit scores. A participating lender may use one under its policy and with required authorization.
Alternative or specialty dataPartners may use consumer-reporting or verification sources beyond the three nationwide bureaus, depending on their process.
Decision block 03
What happens at each stage
| Stage | Possible activity | User check |
|---|---|---|
| CTC request | CTCLoans receives the information you submit and routes it under the service model. | CTCLoans does not make the credit decision. |
| Partner review | A partner may review or verify information under its own process. | Read any consent or credit authorization before continuing. |
| Lender application / offer | A lender may obtain consumer-report information and make a credit decision. | The lender should identify itself and provide applicable notices/disclosures. |
Decision block 04
If credit-report information contributes to a denial
- A creditor that takes adverse action has notification obligations under federal law.
- When adverse action is based on a consumer report, additional FCRA information may apply, including the reporting company’s contact details.
- The reasons for adverse action must relate to factors actually considered by the creditor; CTCLoans should not invent or simulate a lender’s formal denial reason.
- You have rights to review and dispute inaccurate information in consumer reports.
Decision block 05
Data CTCLoans may need for routing
CategoryWhy it may be used
Identity / contactInformation used to identify you, contact you, prevent fraud or route a request.
Financial requestRequested amount, purpose, income or employment information and other fields presented in the request flow.
Banking / verificationMay be collected if required by the partner-routing integration.
Consent recordsRecords of terms, electronic-consent or communications choices associated with the request.
Read the consent before continuingDo not submit a request on the assumption that the process is “no credit check.” Review the live authorization and partner disclosures.
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Decision FAQ
Questions to resolve before you submit a request
Does CTCLoans perform a hard credit inquiry?
CTCLoans is not the creditor. The live partner flow determines what consumer-report activity occurs. Participating lenders may perform hard inquiries.
Can I see what is in my credit reports?
Yes. Federal law gives consumers rights to obtain and dispute consumer-report information. See the CFPB’s consumer-reporting resources.
Who sends an adverse-action notice?
The creditor or other party taking the covered action—not CTCLoans simply because it routed the request.