When you fill out NerdWallet’s personal loan pre-qualification form, here's what happens:

• We'll send your information over to partner lenders for consideration.
• The lenders will then review your information to determine if you are pre-qualified for a loan from them.

When a lender decides not to make you a pre-qualified offer, you may receive what’s known as an adverse action notice from one of our or more of our lending partners, formally notifying you that your pre-qualification application was not approved.

Don’t be alarmed if you receive an adverse action notice — it’s just a formality, and does not mean that a hard review of your credit was performed, or that a formal loan application was submitted on your behalf.