Earn a higher Savvy Score by making early or timely repayments to improve your loan approval chances.
The Savvy Score
Here at Savvy we review applications with amazing credit, through to applications with not-so-great credit history.
This is because we understand that things happen throughout life, and want to make sure we’re able to give
as many people as possible a fair go.
While other lenders focus on your past credit history, our decisioning process stresses looking at an
applicant’s ability to meet their repayments on time, in their present financial position.
This is where our scoring systems comes into play, in a fun way! Our scoring system rewards you when payments are made early,
on time, including some other cool perks. Rather than dwelling on your past we give our customers an opportunity to track
and be rewarded for their current financial behaviours with us. You can earn a maximum of 1,200 points. The higher your score,
the more likely you are to be approved.
Pay early, be rewarded!
improve your score and chance for a new loan
How to Increase Your Loan Approval Chances?
We’ve touched on it above slightly, but in summary, lenders that look beyond your past will want to see how you’re doing now.
So what can you do? Here are some quickfire tips to help get you into shining light for an application:
Ensure your everyday accounts always have funds in there to prevent the account from overdrawing
Ensure all direct debits are successfully paid without any dishonours
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!
It’s simple. If you improve your Savvy Score, we can offer you discounts and benefits! Savvy offers fast and easy access to
credit through cash loans for all sorts of circumstances. 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.
Here at Savvy Loans, you will not only receive fast and reliable loan services— you also get points
for making payments!
We strive to give each one of our customers the best service, and we appreciate all your efforts to
meet your end of the bargain as well! You can receive points for positive behaviours like closing
your account with no late payments or no payment schedule modification requests.
Dishonour Penalty
The Savvy Score System has been created to be as fair as possible for both of us. As much as we want
to give points to all our customers, there are instances where we need to deduct points to
discourage some behaviour regarding the loan agreements. If a payment has dishonoured as per the
original payment schedule, 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.
Reschedule Penalty
As mentioned previously, Savvy Loans offer fast online loan solutions that cater to different
circumstances. 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 will impact your Savvy Score.
Track scores, Earn credits
Increase your Savvy Credit Score to boost your chance of getting approved on your next loan.
Your Savvy Credit Score
492/1200
-100
800
1200
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. Savvy is a Credit Service Organization and Credit Access Business which is able to service
loans from $100 to $1500. While other banks and lenders will use credit records and history as a key
factor in determining an applicant's credit worthiness, if you meet our eligibility criteria we may not
have to do a credit check at all. Even more so, if we conduct a credit check, your credit score is only
one of many factors we consider when making our loan decision. The approach we take prioritises your
ability to make repayments in the decision process.
How long does it take to get an online loan approved
We are proud to operate 100% online. This helps you to enjoy a quick from beginning to end.
Apply online
and provide as much information as possible. Include your supporting documents and submit
your applications. When you are approved, you will receive a loan agreement. Once it is signed you
are ready to go and the cash will be transferred to you. The entire application process can be
completed same-day, and potentially within hours if all of the required information is provided with
your initial application during business hours.
Savvy FAQs
What qualification do I need to apply?
To qualify for your online loan application, you must be at least 18 years old and have a steady income from a full-time or part-time job, including government benefits and pensions. However, please note that we typically don't accept applications solely relying on government benefits or pensions.
At Savvy, we prioritize responsible lending. It's important to demonstrate that you can comfortably manage your repayments. We may decline loan applications if there's any concern about potential financial strain from borrowing with Savvy.
How soon can I get my loan?
If everything goes smoothly and you apply during business hours, you should expect to receive your funds in 2-3 business days depending on your bank!2
However, sometimes delays happen. If your application just makes it in time for approval during business hours, taking into account banking processing delays, you might receive your loan the next day instead.
What is the application and approval process like for a quick and easy loan with Savvy?
Our application process is fast, simple, and entirely online. Plus, if you meet all our requirements for a small loan, we typically grant approval on the same day.2
Savvy is indeed your go-to solution for quick, small loans in Texas.
Can I apply outside office hours?
Absolutely! Our teams are here to help and process loan applications Monday through Friday, from 9am to 6pm Central time.
However, our online application form is available 24/7, making it convenient for you to apply anytime!
How can I contact Savvy if I have any questions about their services?
Our team is here to help with any questions you have about our quick online loans in Texas. Feel free to reach out to us by calling +1 888 589 5171 or sending an email to hello@savvyloans.com so we can help you have the smoothest Savvy journey.
[1] Applying for a loan with Savvy usually takes about 3 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 lightning-fast approval 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.
Like other CABs and CSOs, we prioritize quick funding and flexible repayments to bridge short-term financial
gaps. However, what sets Savvy apart is our commitment to your financial literacy and long-term financial
well-being. With the imminent launch of our innovative Savvy Credit Score system, this rings truer than ever
before. This will empower you to make sound financial decisions and cultivate healthy spending and savings
habits with an increasing score when good financial decisions are made, making your next loan application more
favorable.
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.
Payment Score 