Glossary
The process of reviewing a file to decide whether and on what terms to fund.
✓ Checking what you qualify for does not affect your credit score.
The process of reviewing a file to decide whether and on what terms to fund.
An underwriter reads statements, deposits, balance and obligations to judge whether the business can carry the payment.
Understanding it helps you prepare a better file.
A file with steady $60,000 deposits and few low days is underwritten more easily than one with lumpy deposits.
Underwriting is where the quality of your statements and explanation counts.
Underwriting is the sequence of questions a reviewer asks of a file: do the deposits support the payment, is the account healthy, are there existing obligations and does the purpose make sense. Owners who answer those questions before they are asked get faster decisions.
Underwriting is not a personal judgement. It is a structured review of numbers, and clear explanation of anomalies is usually welcomed.
A one-paragraph summary at the top of the file stating what you do, how long, the amount, the use and how you will repay gives a reviewer the frame in seconds, and everything else is checked against it.
It may involve both systems and people. Clear files move faster.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
