Individuals interested in applying for a Student Loan Refinance are required to provide a financial account as part of the application. This allows our team to conduct a comprehensive review of your financial profile, perform critical calculations, and offer rates tailored to your financial profile. You can choose to add your financial account(s) either electronically or manually.
Electronic Submission
Electronically connecting your financial account(s) enables us to verify the information provided in your application through our system. This type of connection leads to a quicker review process and fewer requested document uploads on your end.
When you electronically connect your financial account(s) to your application, you will be doing so through Plaid, a trusted partner in the fintech industry for creating secure electronic connections between financial institutions and applications. To learn more about Plaid, please see this article. In addition, below are key details that you may find helpful regarding any concerns you may have:
- Earnest never has access to your username or password. When you enter your credentials into the Earnest application, you share them directly with Plaid. Plaid encrypts your credentials and uses them to create a read-only connection between Earnest and your bank. Your information is not sold or rented. To learn more about how Plaid protects your information, we recommend you read their Privacy Policy.
- The Plaid connection lets us see your transaction history, balance, and nothing else. Earnest never receives your username, password, account number, or routing number; therefore, we cannot take money out of, put money into, or otherwise modify your bank account.
- An electronic connection allows us to verify your income, assets, and expenses rapidly (and sometimes instantaneously) because verifying documents like pay stubs or account statements may be unnecessary.
- The privacy and security of your information are critical to our business's success. We've implemented extensive measures to protect your information. For more specific information, we recommend checking out our Privacy & Security page.
If you are having any trouble connecting your financial account(s), please see this article.
Manual Submission
Manually adding your financial account(s) prevents us from verifying the information in your application through our system, so we will require additional documentation to verify the financial account(s). The process of requesting, receiving, and verifying documentation may add additional time to the review process. If you prefer to manually add your financial account(s), please see this article.
If you have any further questions about the application process, please reach out to us directly by clicking the "Get In Touch" button found at the bottom of this article.