When you submit an initial inquiry or go through the prequalification process on their platform, BHG Financial performs a soft credit check using major credit reporting bureaus, which reviews your credit profile without impacting your credit score. However, if you formally move forward, complete a full application, and accept the final loan offer, the company conducts a comprehensive hard credit inquiry across one or more of the major national consumer credit bureaus—such as Equifax, Experian, and TransUnion—to formally verify your creditworthiness, debt-to-income ratio, and comprehensive borrowing history before disbursing funds.