Does Padder check my credit? Soft checks, SIN and your score
Padder uses soft credit checks only and gives you control over what you share. Here’s how it works and what it means for your credit.
When you apply for Padder Guarantor (on its own or with Padder Deposit), you authorize a credit and background check. Padder runs a soft credit check with Equifax, so your credit score is not affected. The standalone Padder Deposit application does not run a credit check.
- A soft check does not affect your credit score.
We use this information to:
- Confirm we’re looking at the right credit file, and
- Support an accurate, consistent review of your application.
Why we ask for your SIN
During a Padder Guarantor application, you may be asked to provide your Social Insurance Number (SIN).
- Providing your SIN is optional.
- If you would rather not share it, choose "I prefer not to provide" and your application is still reviewed.
When you do provide your SIN, it helps Padder:
- Accurately match your profile at the credit bureau.
- Speed up your approval by making the soft credit check more reliable.