Even as we will be the lender-finder, Monzi will perhaps not conduct a credit check into the application ourselves. Nevertheless, the lending company we pair you with may conduct a credit check.
From being approved, you should still consider applying if you are concerned your credit score will disqualify you. Why? Well, Monzi employs the newest in safe-banking technology, enabling us to pass through on information to loan providers. This, then, enables them to consider more than simply your credit history.
How can they are doing this? You’ll notice during our application process, we’ll request you to offer your internet banking credentials. Don’t stress, that isn’t anything dodgy. To put it differently, we do that so we can buy a copy that is read-only of bank statements.
This, in change, permits lenders we make use of to have an improved comprehension of your relationship with money. Quite simply, when they is able to see you’ve been getting a consistent earnings going back 3 months, and possess been accountable with whatever other repayments you’ve probably, you may possibly nevertheless be viewed for approval. (suite…)