🟢 How Does the Assessment Process Work?
Livble conducts a full underwriting assessment every month when you choose to split rent. This process determines your eligibility and takes into account factors such as your Livble repayment history, payment timeliness, income, debt-to-income ratio, and soft-pull credit scores.
📘 Understanding the Assessment Process
🔄 Monthly Evaluation
Before initiating a split-rent plan, Livble performs a full underwriting assessment to determine your eligibility.
This evaluation includes your repayment history with Livble, the timeliness of your previous payments, and your overall financial activity (including income, debt-to-income ratio, and soft-pull credit scores).
If you are currently delinquent or have missed payments, this may impact your eligibility for the upcoming month.
You will receive a notification via the app or email if you are deemed ineligible for that month.
❌ If You’re Declined
With Outstanding Balance:
You remain responsible for any unpaid amounts.
A $15 late fee is charged if your balance remains unpaid after the 15-day grace period from the due date.
Delinquency may result in loss of access to Livble’s services for future months.
Without Outstanding Balance:
No further charges will be applied.
If eligible, you can reapply for Livble after 90 days.
✅ Best Practices
Make payments on time and successfully to maintain your eligibility.
Keep track of your payment history and resolve any issues before the end of the month.