![]() Minimum Order Required for Credit Bureau Reporting: All your charges and expenses are reported to the credit bureaus. You also earn reward points for all your expenses. The best part is that every charge gets reported to the credit bureaus, so you build your credit with your daily business expenses while having access to powerful software tools to manage your business finances, issue virtual credit cards, and reimburse your employees.ĭivvy keeps track of your payment history and will graduate you to an unsecured credit card which continues to build your business credit and acts like a regular credit card. Essentially, instead of acting as a credit card that you pay off at the end of the month, it's a credit card that you pay off much more quickly. Every expense can be tracked through Divvy’s expense management app and will be taken out of your linked checking account within 48 hours. Our credit requirements are also subject to change at any time.Divvy’s credit builder program and expense management platform acts like a net 30 vendor account because it provides you with a secured corporate credit card that is linked to your business bank account. Your score through your credit card company or third-party service could appear differently. * Be aware that not all FICO scores are calculated the same way-we use Experian as our credit bureau. If you’re ready to start your homeownership journey, get pre-qualified here! Whenever you’re ready to purchase your home, our team will work closely with you to get everything prepared.Once the home passes our in-person evaluation process and you’ve made all the required payments (initial Divvy Savings contribution and one full month’s rent), completed the education items, signed the lease, and performed the final walkthrough, you’ll be ready to move into your new home.If the offer is accepted, we’ll ask that you make your initial Divvy Savings contribution as well as one full month’s rent at least 7 days before the originally scheduled close date.The purpose of the re-verification is to ensure that you are still eligible for our program and your income has not changed since the initial approval. Once an offer has been extended to the seller, Divvy will re-verify your application.Once you provide approval, we’ll formally submit an offer to purchase the property. We’ll ask for your permission to move forward with the offer and then you’ll pay a non-refundable deposit** towards your down payment ($500-this money will be credited toward your savings once the offer is accepted).We’ll share our proposed offer price with you, and provide details on all your payments for the upcoming lease, including your monthly savings and future purchase price.We’ll work closely with your agent to come up with the most competitive offer price for your chosen home. Once you find the perfect home, your agent will submit a request for our team to make an offer.It’s now time to go home shopping with your agent-remember to keep saving while you shop and avoid large purchases that impact your credit!. ![]()
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