Best Egg, operated by Marlette Holdings, Inc., is a comprehensive financial technology platform designed to help individuals, particularly those with limited savings, navigate their everyday financial lives with confidence.
Key Products and Services
1. Personal Loans
- Best Egg offers both unsecured and secured personal loans. Secured loans can be backed by either vehicle equity or home permanent fixtures, providing options for different types of collateral.
- Loans are available with competitive APRs ranging from 6.99% to 35.99%, and borrowers can prequalify with a soft credit check. Funding can be received in as little as one to three business days.
2. Credit Cards
- The Best Egg Visa® Card, issued in partnership with First Bank & Trust, is designed to help consumers build back their credit. It features reduced rates for on-time payments, cash-back rewards, and promotional rates. The card also includes an intuitive mobile app to manage finances.
3. Flexible Rent Solutions
- Best Egg Flexible Rent allows qualified renters to split their monthly rent into multiple smaller payments tailored to their income and cash flow. This product also helps build credit and ensures timely rent payments for property managers, integrating seamlessly into established online payment portals.
Financial Health Tools
- Best Egg Financial Health Platform: Introduced in December 2021, this platform provides free access to VantageScore® credit scores, monthly updates, credit report alerts, and in-depth credit score insights. It also includes a Knowledge Center with actionable financial education.
- The platform has been expanded to include:
- Debt Manager: Helps consumers understand their debt, explore paydown strategies, and save money on interest.
- Money Manager: Offers a holistic view of finances, including accounts and transactions, customized budgets, and individualized insights such as alerts for unusual bills and non-essential expenditures.
Key Features and Functionality
- Fast Funding: Best Egg personal loans can be funded in one to three business days after approval.
- Flexible Payments: Borrowers can postpone up to two payments over the life of their loan in most cases.
- Direct Pay: Best Egg’s Direct Pay benefit allows for streamlined debt consolidation by directly paying creditors.
- Credit Building: The Best Egg Credit Card and Flexible Rent solutions are designed to help consumers build or rebuild their credit.
- Comprehensive Financial Insights: The Financial Health platform provides detailed financial insights, including credit scores, debt management tools, and money management features, all accessible for free.
Additional Benefits
- User-Friendly Interface: Best Egg’s products are designed with a user-friendly approach, including an intuitive mobile app for credit card management and easy-to-use online platforms for loans and financial health tools.
- Customer Support: Live chat is available for customer service, ensuring support is readily accessible.
- Awards and Recognition: Best Egg has received several recognitions, including Top Workplaces USA, Top Workplaces and Top Leadership awards in Delaware, and being named one of the Best Tech Startups in the U.S. by the Tech Tribune.