Why did I get this offer?
You received a pre-selection notice from Zip because your credit history matched the initial selection criteria of someone who could be approved to be a customer of Zip.
What does pre-selected mean?
‘Pre-selected’ means that you match the initial criteria and have a chance to be approved for the Zip app with a minimum loan amount. In other words, a basic review of your credit has been completed and it was determined that you may qualify. It is not a guarantee of approval.
If I am pre-selected but not approved, why?
There are two main reasons why this may occur:
- There is additional, real-time information taken into consideration at the time of registration in the Zip app that is used for approval that was not considered as part of pre-selection.
- There is a possibility that something about your credit history has been updated, or changed since the pre-selection was made.
Even though you met the pre-selection criteria, there is still a chance that you will not be approved. This will not affect your credit score.
How do I opt out of pre-selection campaigns?
Let Zip know that you no longer wish to receive mailers from Zip by submitting your request here and we will ensure you are not included in any future mailers.
If you do not want to receive any pre-screened offers of credit from Zip and other companies, please call Experian Opt-Out at 1-888-5OPTOUT (1-888-567-8688), or write to Experian, P.O. Box 919, Allen, TX 75013.
What do I do if I get this offer?
If you are interested in the offer, go ahead and apply by scanning the QR code and downloading the app. Just a reminder that the application will not affect your credit score. Once you submit your application you will know instantly if you are approved for the minimum loan amount..
How can I increase my chances of getting offers like these?
It varies by bank or financial institution but generally, they look at your credit history and income. So if you work on boosting your credit score, you can potentially get more offers. But again, it varies by bank or financial institution.
Why did I only get $35 when the letter says up to $250?
Eligibility review takes a number of items into consideration including your credit history. While maybe not the amount you were hoping for, this is a great starting point and it can be built upon!