Approval factors
Making loans possible
The Loan Coaches at LendNest Direct Funding Corp 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 others may have been tight with lending, LendNest Direct Funding Corp will help you find a way. Here are some of the factors considered in your application.
Utilization ratio
Utilization ratio is the ratio between how much credit is available to you and how much of it you usually use. This number can tell you how reliant you are on credit, and helps us find out the areas of your finances that need calibration.
30%
or less.
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 off debt.
50%
or less.
Income history
Having a stable and established source of income demonstrates financial stability. Income must be from a verifiable source.
Minimum
1 - 2
Years
FICO
Your FICO Score summarizes your credit history. At LendNest Direct Funding Corp we have offers that are not FICO driven. Our Loan Coaches are aware that you have your own unique financial needs. We are prepared to coach you through the process to find real solutions based on your situation.
Higher
Is better.
But you are more than credit score. We can
work around this.
We’ve got your back!
Our quick and easy personal loans can help you get the finances you need for debt consolidation, home repairs, and any other projects you’ve got going on.
Apply Applying will not affect your credit score.