APPROVAL FACTORS: MAKING LOANS POSSIBLE VIA THE Emergency Funding Help WAY.
The Loan Coaches at Emergency Funding Help are trained to help you complete the application for approval that will present you in the best light. We look at the “big picture” and not just a credit score. Where other’s may have been tight with lending, Emergency Funding Help will help you find a way.
Here are some of the factors considered in your application.
The Loan Coaches at Emergency Funding Help are trained to help you complete the application for approval that will present you in the best light. We look at the “big picture” and not just a credit score. Where other’s may have been tight with lending, Emergency Funding Help will help you find a way.
Here are some of the factors considered in your application.
30%
or below
Anything more your credit starts to suffer.
DEBT-TO-INCOME RATIO
Your debt-to-income ratio (DTI) compares how much you owe each month vs. how much you earn. Specifically, it’s the percentage of your gross monthly income (before taxes) that goes towards your monthly payments for housing, credit cards and other debts. A high debt to income ratio is an indication that you may be living pay check to pay check. No more than 50% of your income should be used to pay debt expenses.
50%
or less
INCOME HISTORY
Having a stable and seasoned source of income demonstrates financial stability. Income must be from a verifiable source.
1-2
Years minimum
FICO
Your FICO Score summarizes your credit history. At Emergency Funding Help we have some offerings that are not FICO driven.
Our Loan Coaches are aware that you have specific financial needs that are different and unique. We are prepared to coach you through the process to find real solutions.
Higher
The better. You are more than a three digit credit score. At PLD we recognize and appreciate that.
BANK ACCOUNT
Your FICO Score summarizes your credit history. At Emergency Funding Help we have some offerings that are not FICO driven.
Our Loan Coaches are aware that you have specific financial needs that are different and unique. We are prepared to coach you through the process to find real solutions.
