What is Credit Sense?
How we use banking data to assess affordability.
What is Credit Sense?
Credit Sense is a secure software tool that allows Fee Funders to review recent banking activity as part of a loan application. It helps us understand income, expenses, and existing financial commitments to determine whether a loan is affordable and suitable for your circumstances.
Credit Sense is not a credit bureau. It does not access or report to traditional credit files, and using it does not affect any external records.
What Do We Look For?
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Income Consistency: Is there a regular income pattern? -
Expense Patterns: What regular expenses are present? -
Existing Debts: Are there existing loan or debt repayments? -
Surplus or Shortfall: Is there sufficient surplus after expenses?
Will This Affect My Credit Score?
No. Credit Sense reviews banking transaction data only. It is not a credit bureau and does not record or report to external credit files. Using Credit Sense as part of a Fee Funders application does not affect your credit score.
Your banking data is accessed securely with your consent and is used only for the purpose of assessing your loan application.
Your Data and Security
Secure Access
Your banking data is accessed through a secure, encrypted connection.
Consent-Based
We only access your data with your explicit consent.
Limited Use
Data is used only for assessing your loan application.
No External Reporting
Credit Sense does not report to credit bureaus or external agencies.
Have Questions?
If you have questions about Credit Sense or how we assess loan applications, our team is here to help.
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