You can check your Best Egg loan status by logging in to your account online. When you check the status of your Best Egg loan application, you will find out whether you have been approved or denied, or if the application is still pending. You may also learn that more information is needed from you before Best Egg can make a final decision.
How to Check Your Best Egg Loan Status
Online: You can check your Best Egg loan status by logging into your online account with your username and password. Best Egg may send you an email with your login information, or you will have to create your own account.
Over the phone: You can check the status of your Best Egg loan by calling 855-282-6353 and speaking to a representative.
In person: You can speak directly to a customer service representative about the status of your loan application by going into a Best Egg branch.
You can expect Best Egg to make a decision as soon as same day after you submit your application or within a few days. For more information about Best Egg, check out WalletHub’s full review of Best Egg personal loans.
It takes 2 to 4 business days to get money from a Best Egg personal loan, in most cases That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.… read full answer
How to Get Money From Best Egg as Fast as Possible
Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from Best Egg having to request additional information.
Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
Get your credit score above the minimum. Ideally, you should only apply for a Best Egg personal loan once your credit score exceeds the minimum requirement of 640. That will make it easier for Best Egg to decide whether you qualify, which could lead to a quicker decision.
Apply online. Online applications have the fastest processing times since they are automated and streamlined.
Once you get approved for a Best Egg personal loan, the money will be delivered through an electronic funds transfer to your bank account, which usually takes 1 to 3 business days.
Yes, a Best Egg personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a Best Egg personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.… read full answer
How a Best Egg Personal Loan Affects Your Credit Score
Hard pull: When you apply for a Best Egg personal loan, Best Egg will do a hard inquiry into your credit history, which will temporarily drop your credit score by about 5-10 points in most cases.
Increased debt level: Taking out a Best Egg personal loan will naturally increase the amount of debt that you have. Since your debt level is one of the components of your credit score, you can expect that to have a negative impact initially.
Account diversity: One positive way that getting a Best Egg personal loan can impact your score right away is by adding more diversity to the types of accounts you have open. Your "credit mix" is one of the components of your credit score, and the more types of accounts you have, the better as long as you handle them responsibly.
Payments: The biggest factor in how a Best Egg personal loan affects your credit score is whether you pay on time. If you make on-time payments, your score should steadily increase as a result. If you pay late or fail to make payments altogether, you can expect your credit score to drop.
The bottom line is that while a Best Egg personal loan does affect your credit score, most of the way that your score changes depends on how responsible you are with the loan. If you'd like to estimate how certain actions might affect your credit score, you can use WalletHub's free credit score simulator
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