Below is a list of our Frequently Asked Questions. If you do not find an answer to your question below, please Contact Us to let us know how we can help. 

What is a Bankuish Score?

Your Bankuish Score - like a traditional credit score - is a number between 350-850 that is used to determine your creditworthiness, or your ability to repay a loan, with higher scores representing a lower risk and low scores representing a high risk.
A traditional credit score is based upon your credit history. Your Bankuish score is based upon your work history and reputation.

How long does it take to generate a Bankuish Score?

It takes just minutes to generate your Bankuish Score. Your score is updated each week so you can monitor your progress.

How will I know if I have bank offers?

Any available offers will appear on the dashboard screen of your app. You will also receive a notification from the app.

What can I do if my score is too low to receive offers?

Building a credit score takes time. So, too, does building a Bankuish Score. Focus on producing a consistent monthly salary and on making all outstanding payments on time. Set a schedule for yourself and earnings goals to keep you on track.

Am I guaranteed to be approved for offers in my account?

When we say you’re pre-approved we mean it! Over 90% of transactions on the Bankuish platform are successful. However, there are a few instances in which a Bankuish user is unsuccessful in securing a loan, such as fraud reports on your public record.

How often does my Bankuish Score update?

Bankuish Scores are not static – they are constantly evolving in response to your activities. Therefore, we update all user scores once a week. Check back each week to monitor changes to your score and track your progress.

What factors affect my Bankuish Score?

There are a series of factors that impact your Bankuish Score. Keep in mind that while your score measures your activity over a period of several years, your current activity is weighted more heavily in Bankuish Score calculations than activity from years past. The following are some of the most important factors we consider:

  • Average monthly income trends
How much money are you earning on average each month? Stable, consistent income over time helps drive your score up. Higher average monthly salary may qualify you for higher value offers.
  • Drops in aggregate activity
Inactivity in your gig platform or large fluctuations in your monthly salary may indicate future difficulty repaying loans. The Bankuish model was built for freelancers, so we understand there are natural fluctuations in activity from month to month. However, these fluctuations can add up and damage your Score. Consistency is key.
  • Work transactions canceled by you
Creditworthiness is built on trust. We want to see that you are meeting your commitments. Consistently canceling transactions may indicate difficulty fulfilling obligations.
  • Past due payments and obligations that show up on your credit report
Missed payments can really hurt your credit score. If you have some missed payments in the past, do what you can to make sure you don’t miss any more moving forward. Remember, your current activity counts for more than past activity.
  • Adverse public records such as bankruptcies
Your public record is part of your Bankuish Score calculation. Adverse records lower your score. But hard work and consistency can overcome any adverse events from the past. Remember, your current activity counts more than your past activity.
  • Your collection history with any Bankuish banking partner
On time payments demonstrate your trustworthiness and boost your Bankuish Score. Missed or late payments, on the other hand, will hurt your score.

Why do I need to connect my account data?

Your Bankuish Score is determined based on several factors, including your salary and activity on your gig platform(s). Connecting your gig account allows us to access the data we need to determine your creditworthiness.

I don’t have Uber Eats. Are you going to add new gig platforms to the account?

Yes! We’re adding new integrations and features all the time. Even if you don’t work on the Uber Eats platform, we encourage you to sign up for the app and join the waitlist for the gig platforms that are relevant to you. You’ll be the first to learn when that platform becomes available.

I need help.

For additional questions and concerns, you can reach us at support@bankuish.com