Sunbound considers eligibility using a variety of criteria including your credit report information, your banking information and other information about your payment history. While each individual’s credit situation is unique, generally, individuals with fair or better credit, with sufficient deposits and average bank balance will qualify for Sunbound.
If you failed to qualify, Sunbound will send you a letter detailing exactly why (called an “Adverse Action” notice).
Please note that If you don’t send us the documentation in time or if your documentation doesn't match the information on the application, your application may be declined.
Also, remember that being declined does not negatively affect your credit score, since we only use soft credit inquiry during your application.
If you were turned down because of incomplete or inaccurate information on your credit reports, you can dispute the information directly with the credit bureaus here.
If you failed to qualify, you can re-apply after 60 days.. Please keep in mind that an individual’s credit profile can change frequently, and this may mean you qualify for Sunbound next time!