EverBright EverFlex ,EverFix and EverEasy
The customer must submit a credit application and pass the credit and title criteria to be eligible. The criteria include a combination of credit score, debt delinquency, mortgage, and bankruptcy. One of the credit applicants must be on the title of the property and must be a signer of the agreement.
Criteria | FICO: 650-699 | FICO: 700+ |
|---|---|---|
Bankruptcy | None in the last 3 years | None in the last 3 years |
OFAC | Pass or Fail | Pass or Fail |
Collections | None active- remove medical | None active-remove medical |
New Tradelines | < 3 in the past 6 months | No requirement |
Other Late Payments | None in the last 12 months | No requirement |
DTI | No requirement | No requirement |
Savings Rule | $1 in first year | $1 in first year |
Credit Inquiry Type | Soft inquiry | Soft Inquiry |
Mortgage Late | None in the last 36 months | None in the last 12 months |
Credit approval expires 60 days after credit decisioning - Public Information
Credit cannot be initiated for an individual more than 2 times within 30 days
Credit can be transferred to a new project for the purpose of a financial product change by the applicant(s)
Must be the same individual’s credit being transferred to the new project
Cannot extend past credit expiration limit (90 days) - Internal use only
The following chart shows the potential results subsequent to running pre-qualification:
