When you're applying for a loan or credit card through Bonsai Finance, we connect you immediately with preferred lenders in the industry. These lenders are keen to make sure you are a real person applying for a loan, so they ask for a few different pieces of information. These are:
- Social Security number - this is used to conduct a "soft" credit pull
- Driver's license - this is to verify your identity
- Bank information - this is to verify you have a valid bank account
We understand it may make you nervous to provide this information online. That's why we use the strongest encryption available (128 bit), and never rent or sell any of your information to a third party.