A: Credit Boost is a simple and effective way to take control of your credit and build long-term credit health. It involves a small three-step verification process that can potentially raise your FICO® Score and improve your credit profile.
A: The process involves three easy steps:
A: Once you complete the verification process, we report this positive transaction to the credit bureau, which can help enhance your credit history and potentially raise your FICO® Score.
A: The impact on your FICO® Score can be instant once the verification process is completed and reported to the credit bureau.
A: Yes, the Credit Boost process is secure. We use advanced technology and strict protocols to protect your information throughout the process.
A: The FICO® Score 8 model is one of the many types of credit scores used by lenders. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether.
A: Verifying account information is essential to ensure accuracy, prevent fraud, and assess the borrower’s financial stability. This step helps us provide a secure and reliable loan approval process.
A: We use advanced P2S technology to access and review bank statements from the last 3-6 months, allowing us to thoroughly assess borrower credibility and financial stability.
A: We review transactions from the last 3-6 months to confirm that the borrower has a stable income, demonstrating their ability to afford loan repayments.
A: As part of the verification process, we deposit a small verification amount (ranging from $15.00 to $1500) into the borrower’s account to confirm it can accept payments from a private lender. The borrower then returns this amount to complete the verification.
A: Payment can be made back to us through an online transfer app (like Cash App®) or you can even send it back using your own debit card at any of your nearest government-authorized stores.
A: Once all information is verified and confirmed, loan funds will be disbursed within 2 hours, ensuring a quick and efficient process.
A: ID verification is crucial for ensuring the security and accuracy of your loan application. It helps prevent fraud and confirms your identity, ensuring that only authorized individuals access the loan.
A: We verify bank account information by accessing and reviewing your bank statements from the last 3-6 months. This helps us confirm the accuracy of the provided bank account information and assess your financial stability.
A: PPI, also known as Credit Insurance or Loan Repayment Insurance, ensures the repayment of your loan in case you face unexpected challenges such as death, illness, disability, or job loss.
A: Yes, PPI is compulsory for new loans to provide financial security and peace of mind.
A: No, your decision to take up PPI cover does not affect your personal loan or finance application.
A: The PPI cover is provided by American Insurance Group. They bear no direct liability to you regarding this benefit, and you should review the terms and conditions of the policy thoroughly.
A: PPI can cover various types of consumer loans, including car loans, home mortgages, and loans from finance companies. Some credit card agreements may also include a form of PPI cover as standard.
Have your personal and banking information ready when you complete our form and you will get a decision in minutes.
