When you open a Holvi account, we ask for your consent to run a quick credit check. This helps us make sure your business is in good standing – so we can set you up for success with Holvi!
How fast does this happen?
Almost instantly. As soon as we’ve verified your identity and business, we’ll run a credit check behind the scenes. This happens so quickly you won’t even notice it. If everything’s clear, you’ll be able to choose a pricing plan and unlock full access to your Holvi account.
Does this mean I can get a Holvi Credit Card right away?
Not quite. When opening your Holvi account we only run a cursory credit check to get a preliminary understanding of your financial situation. We deliberately keep this as light as possible so you can start using Holvi right away.
Our credit card, on the other hand, requires a more comprehensive credit check. At Holvi, we’re committed to responsible lending and run credit checks to help us compare industry standard lending rates against your individual creditworthiness. This is how we make sure our offer is appropriate for both parties. This kind of credit check helps you stay debt-free, which is good for everyone.