At PatientFi, we aim to provide accessible financing while ensuring responsible lending. As part of the application process, we review key aspects of your financial profile to determine your eligibility and offer you the best possible terms. Below is an overview of what we review and why it matters.

What Does PatientFi Review?

1. Credit History

Your credit report helps us understand your financial habits and repayment history.

Why We Review It: To evaluate how reliably you’ve managed credit in the past.
What We Look For: On-time payments, credit utilization, and any negative marks (e.g., defaults or bankruptcies).

2. Credit Score

Your credit score is a snapshot of your overall creditworthiness.

Why We Review It: To assess your ability to repay the loan.
What We Look For: A range of credit scores is accepted, but higher scores may qualify for better terms.

3. Income and Employment

We assess your ability to afford monthly payments based on your income.

Why We Review It: To ensure the financing terms are manageable for your budget.
What We Look For: Employment status, consistent income, or other sources of financial support.

4. Debt-to-Income (DTI) Ratio

Your DTI ratio compares your monthly debt payments to your income.

Why We Review It: To evaluate your capacity to take on new financing without financial strain.
What We Look For: A balanced ratio that indicates room for additional financial commitments.

5. Unfrozen Credit

For us to perform a credit check, your credit report must not be frozen.

Why We Review It: To access the necessary credit information for evaluation.
What You Should Do: Unfreeze your credit before applying (see how to unfreeze your credit).

Why Is This Information Important?

By reviewing these aspects, PatientFi ensures that we:

Offer financing solutions that align with your financial health.
Provide responsible lending to help you succeed with repayment.

FAQs

Does PatientFi Require a Perfect Credit Score?

No! We work with a range of credit profiles and offer flexible options to make financing more accessible.

How Long Does the Review Process Take?

Our review process is fast, with most applicants receiving an instant decision.

Will Applying Impact My Credit Score?

No. PatientFi uses a soft credit inquiry during the application process, which does not impact your credit score.

Need Help?

If you have questions about the review process or your application status, contact our Customer Support Team at 866.734.5979.

We’re committed to helping you achieve your goals with transparent and responsible financing!

What Does PatientFi Review During the Application Process?