Rewarding timely payments to increase your credit limit and approval chances.
The Savvy Difference
Our scoring system rewards you when payments are made early or on time so that you can increase your
approval chances and credit limit. Rather than dwelling on your past we give our customers an
opportunity to track and be rewarded for their current financial behaviors with us. The higher your
score, the more likely you are to be approved.
How to Increase Your Loan Approval Chances?
Here are some tips to help your approval chances:
Ensure your everyday accounts always have funds in there to prevent the account from overdrawing.
Ensure all payments are successfully paid on time.
Keep a clean record for as long as possible (if you continue this habit into the future then
it’s only a plus from here!
Our team takes care of our clients and we enjoy doing it, so feel free to chat, call or email us
at any time and we will be more than happy to help.
While Savvy provides valuable tips to help you enhance your score, we want to clarify that we’re
not offering financial advice—just some friendly guidance on your Savvy journey.
You can receive Savvy Score for positive payment behaviour like paying your loan with no late payments or no payment schedule modification requests.
Dishonor Penalty
There are instances where we need to deduct points from your Savvy Score. If a payment has dishonored, it will impact your Savvy Score. We want to be working with you at all times and assist where possible. If you have any issues that might affect your payment schedule, get in touch with Savvy Loans today. Please remember, this will impact your chances for future approval and may decrease your credit limit potential.
Reschedule Penalty
We value communication! We are here to help create a payment arrangement that suits you right from the beginning. However, if you request for a manual reschedule or arrangement that is different from what was initially discussed, it may negatively impact your Savvy Score. That being said, communication is key! Contact us via chat or phone and let us know your situation and one of our friendly Savvy staff can help without it impacting your Savvy Score!
Improve your Savvy Score, get rewarded.
Increase your credit limit and chance of approval for your next loan.
Credit Scores and how they impact Payday Loans
A less-than-average credit score no longer needs to prevent you from getting the much needed advance you’re after. While other banks and lenders will use credit records, if you meet our eligibility criteria we may not have to do a credit check at all. Also, if we conduct a credit check, your credit score is only one of many factors we consider when making our loan decision - don’t stress!
How long does it take to get an online loan approved
The entire application and approval process can be completed same-day, and potentially within hours if all of the required information is provided. We know how important it is to ensure we don’t waste your time! Same day approval2, same day funding.
[1] You can apply for a Savvy loan in as little as 5 minutes. However, this time can change based on a
few things, such as your typing speed, the device you're using, and whether you have all the necessary
information ready to go.
[2] As the approval process is influenced by various external factors, we can't guarantee that you'll
receive a decision on the same day. However, most of our customers do receive a same-day response to their
application with Savvy, if they submit their loan application and all the requested supporting information
during a regular business day.
At Savvy Loans, we specialize in providing 'teeny, tiny' short-term loans with quick decisions and
flexible repayment options. Operating as both a Credit Service Organization (CSO) and a Credit Access
Business (CAB) in Texas, Savvy offers you access to loans without the red tape, long processes, or
complicated legal speak.
Partnering with trusted third-party lenders, we ensure a seamless process while focusing on what we do best
– helping you secure the funds you need for life's unexpected expenses.
At Savvy Loans, we prioritize quick funding and flexible repayment terms to bridge short-term financial gaps.
However, what sets Savvy apart is our commitment to your financial literacy and long-term financial
well-being. Our Savvy Credit Score empowers you to make sound financial decisions and cultivate healthy
spending and savings habits. You can earn an increased score when good financial decisions are made, making
your next loan application more favorable.
Note on responsible lending. Short term installment loans are an expensive form of borrowing. Our products are designed to assist you in
meeting your short-term financial needs and are not intended to be a long-term financial solution. Examples of
reasons these loans might be used include; unexpected emergencies, car repair bills, or other short-term
expenses. Customers experiencing financial or credit difficulties should seek credit counseling. Alternative
forms of credit may be less expensive and more suitable for your financial needs.
Texas: Good News Group, LLC DBA Savvy Loans is licensed as a Credit Access Business (CAB), License No.
2300074529-170223, by the Office of the Consumer Credit Commissioner and registered as a Credit Services
Organization (CSO), Registration No. 20230057, by the State of Texas. Savvy Loans is NOT a lender in the state
of Texas. All loans for which Savvy Loans acts as a CSO/CAB are funded by an unaffiliated third-party lender,
Hillcrest Private Credit Funding I, LLC, and serviced by Savvy Loans.
