What fees does my agency pay to subscribe?

We charge a monthly platform access fee of $97. There is a one-time platform development fee of $297. You pay by month and cancel anytime.

Your monthly fee seems to be high? Can you explain?

Here is what’s covered in your monthly fee:

• I.D. Verification
• Underwriting
• Application with agency notifications
• Portal with dashboard and full-featured reporting
• ACH Transfer fees
• Online and offline marketing materials to help you promote BaiRep to your clients
• Ongoing customer support to assist your customers through their financing process by phone or email during business hours.
• Comprehensive staff training
• Customer referrals

Our monthly subscription fee is your investment in marketing and growing your agency.

How do we pay the 3.9% discount?

BailRep invoices your agency 3.9% of the funded loan amount or the amount received by your customer. For example, if your customer is approved, accepts, and receives a funded loan of $2000 via ACH transfer, BailRep will invoice your agency $78 three business days after the loan is funded.

Does my client pay any fees?

No, this service is free and checking for offers will not affect your client credit score.

How do I get paid?

Our lender deposits the funds directly into your client's specified bank account. You will be notified when a client is approved, accepts an offer, and receives the funding.

Can I apply additional fees to the client premium plan?

BailRep does not restrict agencies from applying additional fees to your client's premium plans. However, BailRep encourages all agencies to consult with local legal counsel to ensure that adding a finance charge to a client’s account is permissible in their state.

What if my patient stops paying the lender?

The lender will reach out to your client to collect any missed or late payments. There is no recourse if your client fails to make a payment.

What is BailRep?

No, BalRep is a platform that connects lenders with applicants. We work with lenders who review the BailRep application and determine whether to extend loan offers to the applicants.

How do I get started?

Fill out an agency subscription form and start pre-qualifying clients immediately! Click Here for the Online Form.

How do I get a client approved?

Ensure the client form is completed accurately. To speed up the process, confirm your client has the required criteria for approval – ID, SSN, bank account, and pay stubs (if necessary)

What if my client doesn’t have a checking account?

Unfortunately, BailRep cannot approve any clients without an active checking account.

Does using BailRep affect my client credit score?

To determine if a financing offer will be extended, BailRep lenders conduct a "soft credit pull" that does not impact your credit score. If you accept the financing offer, the lender will then perform a "hard credit pull" to verify your information, which may have a minor effect on your score.

What type of credit score do my client need to be qualified for financing?

BailRep works with multiple lenders who approve a broad range of credit scores, from prime to subprime. While your credit score is an important factor in the evaluation process, BailRep lenders consider more than just the score when making a financing decision.

Why didn’t my client get any offers from lenders?

BailRep partners with multiple lenders who approve a broad range of credit scores, from prime to subprime. While your credit score plays a key role in the evaluation of your financing request, lenders also consider other factors, such as your debt-to-income ratio, when making a decision. For your privacy, our lenders will not disclose the specific reasons behind whether or not you receive an offer.

How long does client approval take?

BailRep pre-qualifies your clients in 3 minutes or less.

Does receiving a loan offer and accepting it mean I will get a loan?

In most cases, it does, but not always. If, during the data verification and credit report review process, certain information you provided cannot be verified or if other relevant details from your credit report are uncovered, the lender may rescind the loan offer.

When will my client receive their money and they pre-qualify?

Once the loan is approved and the documents are validated, funds will be transferred to your client's bank account by the next business day.

Can I apply for financing through BailRep without going through an agency?

Yes. You can apply directly for financing.

What is the minimum financing amount?

All financing require a minimum financed amount of $1000.

Does using BailRep affect my credit score?

o assess whether a financing offer will be made, BailRep lenders conduct a "soft credit pull" that does not impact your credit score. If you accept the financing offer, the lender will perform a "hard credit pull" to verify the information, which may slightly affect your score.

Can I have a co-signer?

Yes, our lenders offer financing with a co-signer.

What type of credit score do I need to be qualified for a loan?

BailRep works with multiple lenders who approve a broad range of credit scores, from prime to subprime. While your credit score is a key factor in evaluating your financing application, lenders also consider additional factors beyond your score when making a credit decision.

Does receiving a financing offer and accepting it mean I will get financing?

It typically does, but not always. If, during the data verification and credit report review process, certain information you provided cannot be verified or other relevant details from your credit report are discovered, the lender may rescind the financing offer.

Why didn’t I get any offers from BailRep’s lenders?

While your credit score is an important factor for BailRep lenders when evaluating your financing application, they also consider other factors, such as your existing lines of credit, when making a credit decision.

If I complete the financing agreement, how and when do I get my money?

If you accept the offer, the lender who approved your application will work with you directly to finalize the financing documents and then deposit the funds via ACH into your designated account. This typically occurs within 24 hours, allowing you to make arrangements to use your financing at the agency.

If I received a financing offer, do I have to accept it?

No. You do not have to accept the offer and can simply cancel the financing process.

What if I stop paying the lender?

The lender will contact you and attempt to collect the missed or late payment.

Does BailRep store my personal information?

BailRep stores some of your personal information but not your social security number! Your SSN is sent to our lenders for your credit evaluation and never stored in our database.