When reviewing a loan application we look at numerous factors to help us determine if we can give a loan offer or not. Here are a few of major determinates that we look at:
- Current Employment or Employability
- Education/Work Experience:
- Financial Behavior:
- Derogatory Fees:
- Defaults/Collections/Bankruptcies:
- Visa Status
- Information Accuracy
- Credit Check/Credit Score (only for applicants with SSN)
We are looking for financially responsible behavior from individuals applying for a loan. Our process is extremely data-driven and we use machine learning algorithms to determine the exact interest rate and loan amount for approval. Here are some guidelines on how we approve loans.
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