Applying for Monzo Flex and credit scores

Checking if you’re eligible won’t impact your credit file

When you apply for Flex, we’ll run a ‘soft’ credit check. This means we can check your eligibility and give you a personalised offer without leaving a mark on your credit file.

If you decide to get Flex, we’ll let credit reference agencies know by running a ‘hard’ search

This is something that most lenders have to do when you take out a new type of borrowing or credit.

Generally, a hard search will have a small, negative impact on your credit file but usually only for a few months.

Once you take out Flex, we’ll report to credit reference agencies once a month

Flex will appear as a revolving credit product on your credit file, which is similar to a credit card. We’ll report your credit limit and your balance every month.

In the long run, Flex can help to build your credit score if you stay within your credit limit and make your payments on time.

Ready? Apply for Flex.

If you have any other questions about Flex, send us a message.