As a responsible lender, Elective performs credit checks to help determine the best financing options for you. The type of credit check depends on your location.
United States Customers
Pre-qualification is available for US residents. During this step, Elective performs a soft credit check, which means you can explore your loan options without any impact on your credit score. If you decide to move forward and complete your purchase, Elective will then perform a hard credit check as part of the process to officially extend credit to you.
Canadian Customers
At this time, Canadian customers are not eligible for pre-qualification. To provide your loan options, Elective will need to complete a hard credit check first. Once that is done, we will be able to offer financing and help you move forward with your purchase!