Does a Steward loan impact my credit score?

Steward Team Updated by Steward Team

No, a Steward loan does not impact a borrower’s credit score, unless the borrower were to default on the loan. This is because Steward issues commercial loans to businesses, not individuals (and credit scores are tied to individuals). 

Given that Steward does not require a personal guarantee, and borrowers are able to shield themselves from personal liability, this also means that repayment of the loan will not positively impact a borrower’s personal credit score.

A credit score can be impacted if there is a "hard pull" or formal credit checks are conducted too frequently. If Steward requires a formal credit check during the loan diligence process, we will be sure to first notify and receive consent from the borrower.

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