What is my “last pay amount”? Why do you need it?

Like other banks, the one behind Swell Credit requires us to verify a few things before they give you the final thumbs up. One of those is the net pay from your last paycheck or other income payment. It’s sometimes called “take-home pay.” Basically, it’s the money you get after taxes and insurance are taken out. This number helps the bank figure out how much credit they can offer you.