At Earnest, we pride ourselves on crediting applicants for the hard work they have put into their financial profile and providing them with a competitive offer. While there are several credit bureaus that provide credit scoring, Experian is the only report we review when you apply for a loan with Earnest. We’ve chosen Experian because it provides comprehensive, up-to-date financial information that lets us make informed and consistent lending decisions. By using a single credit bureau for reviews, every applicant is evaluated using the same reliable data and scoring model.
While credit history is important, we believe that a credit report only tells part of your financial story. That’s why, in addition to reviewing your Experian report, we take a broader look at your financial picture that may not show on your credit report. We take a holistic approach to reviewing each application, considering multiple factors, including your employment history, education, savings patterns, payment history, debt-to-income ratio, and financial assets.
It’s our goal to be as transparent and forthcoming as possible about our application process. If you have questions, please don’t hesitate to reach out by clicking the 'Get In Touch' button at the bottom of the page. If you’d like more information on the financial considerations our team may take into account, please review this article and our eligibility guidelines.