COMMON MISUNDERSTANDINGS
Ini Olu
Last Update منذ ٤ أشهر
“They don’t care about credit.”
They may care less about your credit score.
But they absolutely care about:
They are algorithm-driven.
“No credit check means guaranteed approval.”
No.
It usually means:
Approval is still conditional.
“Why did they reduce my limit?”
Fintechs adjust risk models constantly.
Common triggers:
They are far more reactive than traditional banks.
They may care less about your credit score.
But they absolutely care about:
- Cash flow stability
- Fraud signals
- Industry type
- Account activity patterns
- Deposit consistency
They are algorithm-driven.
“No credit check means guaranteed approval.”
No.
It usually means:
- Soft pull
- Revenue-based underwriting
- Data-based risk model
Approval is still conditional.
“Why did they reduce my limit?”
Fintechs adjust risk models constantly.
Common triggers:
- Revenue decline
- Account inactivity
- Suspicious transactions
- Industry risk changes
They are far more reactive than traditional banks.