Yes, Rise Credit performs a hard credit inquiry as part of the application process. This allows the platform to assess the applicant’s creditworthiness and determine the most suitable terms for the loan. While a hard inquiry may have a minor impact on the applicant’s credit score, it’s an essential step in the evaluation process.

Rise Credit considers a range of factors beyond just the credit score when evaluating loan applications. While there is no specific credit score mentioned, individuals with varying credit profiles may be eligible for a loan. The platform takes into account the applicant’s credit history, income, and loan repayment history, providing an opportunity for a diverse range of borrowers.

Upon approval, funds from Rise Credit may be deposited into your checking account as soon as the next business day. The platform strives to provide a swift and efficient process, ensuring that borrowers can address their financial needs promptly.