What credit score is needed for GreenSky?

You’ll likely need pretty strong credit to qualify for a GreenSky loan. The average approved borrower has a FICO credit score of 768, and GreenSky doesn’t allow co-signers. GreenSky doesn’t fund its loans. It connects lenders and financial institutions to provide financing for consumers.

What is GreenSky credit?

GreenSky is a technology company that facilitates home improvement loans up to $65,000. Its loans are funded by banks and offered to consumers through home improvement contractors and retailers who use GreenSky’s financing platform.

What bank does GreenSky use?

GreenSky’s partner banks—in 2016, they numbered 14 and included Regions Financial Corp. and SunTrust Banks—made loans online or through the GreenSky mobile app to customers of some 12,000 merchants ranging from retailers such as The Home Depot, Inc. to individual contractors.

How old is Greenski?

Capitalization and valuation. The firm was founded in 2006.

Is 239 a good credit score?

We provide a score from between 0-999 and consider a ‘good’ score to be anywhere between 881 and 960, with ‘fair’ or average between 721 and 880.

Can you get a secured loan with Greensky?

No secured loan option. Must work with a contractor that uses GreenSky. Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love. GreenSky is a technology company that facilitates home improvement loans up to $65,000.

Is greengreensky a good company?

GreenSky is recognized for its ability to provide customized credit solutions that enhance sales. This company is a loan shark. They charge an outrageous amount of money for interest and will recalculate you payment so they can suck more money out of you for the long term. Use a bank instead of the crocks

How does Greensky compare to other home improvement loans?

The bottom line: GreenSky offers competitive rates and terms compared to other home improvement financing options. Able to fund a loan the day you apply. Potentially zero-interest financing. Offers joint loan option. Charges fee up front. No secured loan option. Must work with a contractor that uses GreenSky.

What is the minimum credit score required to use Greensky?

Minimum credit score: None, but typically above 700. Available in all 50 states. Let’s say you’re remodeling your kitchen and the contractor doing the work offers financing through GreenSky.