What Credit Bureau Does Best Egg Use?

Founded in 2014, Best Egg is a subsidiary of Marlette Holdings. Inc, and is one of the top 10 best personal loan lending platforms in the US. Since its launch, the platform has served millions of customers by extending over $15 billion as unsecured personal loans. Operating across 47 US States, the online loan lending platform only extends loans to individuals with a good or fair credit score.What Credit Bureau Does Best Egg Use? keep reading.

What Credit Bureau Does Best Egg Use?

To check the credit ratings of its customers, most lending platforms work with credit bureaus. In the case of Best Egg, it works with Experian to determine an individual’s credit risk. They follow specific parameters while lending out loans to the customers. The most crucial parameter is having a fair or good credit score. 

How To Apply For Best Egg Personal Loan?

Best Egg is known for offering flexible loan options to individuals with fair or good credit scores. There are two methods through which customers can apply for a loan at Best Egg.

  • Applying online- Customers who want a loan can visit the Best Egg website online, fill out the application and wait for its approval. 
  • Applying via call- If filling an online application seems complicated, customers can contact a Best Egg agent via call and complete the process. 

Best Egg Personal Loan Application Process

Best Egg is quick at processing loan applications. Customers who want a loan can get one by following three simple steps- explore their options, fill out the application, clear the verification and receive the loan amount successfully in their bank account. The entire process takes about 3 to 4 business days. Here’s complete information about the application process and the steps involved. 

Explore The Options

The eligible customers will get loan online as per their requirements. So, you must first go through all the options, read the reviews, watch testimonials and opt for an option that best fits your needs and budget. 


After finalizing the loan type, you are good to fill out the application form. However, there’s another step before filling the application, i.e., pre-approval. Though pre-approval isn’t mandatory, you may check your credit score and whether you get qualified. However, clearing the pre-approval process does not represent the final approval of the loan. 

Application Form

Before filling out the application, it is advisable to keep your contact and financial information handy. Customers applying for the loan should fill in personal information like name, date of birth, the reason for applying for the loan, etc.

Besides the personal information, loan applicants must disclose their financial details like employment status, individual/total household income, information about the house (whether rented or own), cash advances made in the past six months, etc. 

Clear Verification And Receive The Loan Approval

After filling out the application form, the information disclosed in the application is verified, and the company checks for the eligibility and creditworthiness of the borrower. Individuals who apply for a loan must possess a fair to good credit score, besides a good financial situation.

The complete loan approval process takes about three to four business days. It is advisable to keep all the required financial documents like bank statements, etc., handy to quicken the process. Upon successfully clearing the verification, the loan will be approved, and borrowers can expect to see the loan amount deposited on the following business day. 

Pros And Cons Of Best Egg In Credit Bureau

Being one of the top 10 loan lending platforms in the US, Best Egg has its share of pros and cons. Here’s a list of pros and cons associated with the platform.

Pros Of Best Egg

  • The eligible customers will get personal credit with more options.
  • The loan approval process is quick and gets approved within 3 to 4 business days.
  • The minimum borrowing amount starts from $2000 and goes up to $35,000.

Cons Of Best Egg

  • Only those with fair or good credit scores will get the online loan through this platform. To receive a personal loan from Best Egg, a minimum FICO score of 700, eliminating borrowers with an average credit score gets required.
  • An origination fee ranging between 0.99% to 5.99% is charged on the approved loan. 
  • Currently, the loan lending platform doesn’t extend joint personal loans. 


Best Egg is one of the top 10 personal loan lending platforms in the US, operating under the parent company Marlette Holdings. Since its launch in 2014, the platform has served millions of customers by extending personal loans amounting to up to $15 billion to date. To determine the creditworthiness of its customers, Best Egg works with the credit bureau Experian. 

Frequently Asked Questions

  • Is It Difficult To Get A Loan From Best Egg?

The application process to get a personal loan is quick and straightforward. However, Best Egg only lends loans to individuals with a FICO score of 700. Besides this, the company’s credit bureau looks into the customer’s financial situation and only approves loans if they can repay as agreed. 

  • How Long Does Best Egg Take To Approve Personal Loans?

After completing the application process, the verification and loan approval process takes about 3 to 4 business days. If the loan gets approved, the loan amount is deposited in the borrower’s bank account on the following business day.  

What Credit Bureau Does Best Egg Use?

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