FUNDING PROGRAMS

Lending requirements, parameters, and underwriting often feel like a mystery to consumers. At FastFunds247.com, we believe that informed borrowers have a higher chance of approval. By educating our customers about the lending process, we empower them to improve their eligibility, creating a stronger and more accessible lending platform.

FastFunds247.com simplifies the lending process by eliminating income, asset, and employment verification. Instead, we focus on a strong credit profile to assess a client’s ability to repay. This streamlined approach allows us to provide funding quickly, without the extensive paperwork required by traditional banks.

When our lending guidelines are met, we achieve a 99.9% funding success rate. The key factors in securing funding through FastFunds247.com include:

1. Credit Score A minimum credit score of 680 is required across all bureaus used for qualification. This score provides FastFunds247.com with an overview of a client’s credit history and their ability to manage credit responsibly. The overall score is determined by several key factors, including:

1. a. On time payments.
2. b. Credit Utilization ratio
3. c. Number of inquiries
4. d. Length that the credit file has been established
5. e. Number of active trade lines, both fixed and revolving

2. Credit Utilization Your credit utilization rate must be below 60% on each individual account. Credit utilization is the percentage of your available credit that you are currently using. FastFunds247.com evaluates each account separately to ensure responsible credit management. How to Calculate Credit Utilization: Divide your current balance by your credit limit, then multiply by 100 to get the percentage. ✅ Example: Credit Limit: $10,000 Balance: $1,000 Utilization Rate: (1,000 ÷ 10,000) × 100 = 10% This applies to all revolving credit accounts, including credit cards, home equity lines of credit, and any other accounts that allow borrowing, repayment, and reuse without requalification. Each account must individually meet the 60% or lower threshold to qualify.

3. Credit Inquiries Applicants must have no more than four hard inquiries per credit bureau within the last 90 days. There are two types of credit inquiries: Soft Inquiries: These occur when companies check your credit for pre-approvals, insurance offers, or employment background checks. Soft inquiries do not impact your credit score and are not included in our evaluation. Hard Inquiries: These happen when you apply for credit or authorize a lender to pull your credit report. Hard inquiries do affect your credit score and are factored into our qualification process.

4. Active Trade Lines Applicants must have a minimum of four open and active primary trade lines. Only open accounts are considered in your credit report. These trade lines demonstrate your ability to manage credit responsibly and maintain a strong borrowing history.

5. Credit History Review Applicants with a history of bankruptcy, judgments, repossessions, foreclosures, or collections will undergo a manual review for approval. If any of these items appear on your credit report, additional documentation may be required at the discretion of the underwriter. Each case is evaluated individually to determine eligibility.