Frequently Asked Questions

Payday loans are easily approved. There is minimal documentation and no credit score checks. You can get them within an hour or a day. Additionally, secured loans, personal installment loans, and “buy now pay later loans” are quickly accessible to users.

The minimum credit score requirement for taking out a personal loan is usually 580. However, to get the best terms, a score of 640 or more is considered good.

These loans are offered by banks, credit unions, or employer-sponsored retirement plans. During emergencies, a hardship loan helps you cover urgent expenses such as medical bills, car repairs, etc. Repayment is often deferred type, buying you some time and removing pressure.

It is easy to borrow money instantly through online personal loans, cash advance apps, credit cards, and payday loan websites. These platforms give you the cash you need quickly and you can repay sooner to avoid the extra interest.

When taken from reputed lenders, online loans are safer than they appear. Just make sure that your loan’s terms are conveyed to you transparently before you sign anything.

Both taking loans through banks and credit unions have their advantages. If you’re looking for larger amounts, banks are the way to go. And for smaller loans credit unions offer better rates.

When neither a bank nor a credit union can offer you a loan, you can always turn to online lenders. Some of them offer amounts as high as $35,000 with flexible repayment terms and completely transparent lending practices.

While there is no set minimum since borrowing through various platforms accommodates all types of scores.

It is hard because approvals take into account your income, debt-to-income ratio, credit score, and current economic conditions. By improving these factors, you’ll have a better chance of securing debt-consolidating loans.

You may opt to get cash immediately by applying for an online loan. Going for options that skip credit score checks, require minimum documentation on your part, and don’t need collateral are the ones you can choose. All you’ll have to do is apply through our loan application portal.

The best way to secure a 500-dollar loan is by applying through our online application portal. To enjoy faster approvals, apply during business hours by providing your email address, choosing a loan amount, and selecting your purpose for needing a loan. Our team will get back to you based on these details.

Federal loans don’t have a specific requirement. However private loans may need a credit score between 650 and 680 to approve your student loan application.

If you’ve got a poor credit score, consider getting one of these loans: secured loans, credit builder loans, P2P lending, co-signer loans, and payday alternative loans (PALs).

Yes. Just apply through our website and wait for our team to contact you.

Essentially, a debt consolidation loan won’t hurt your credit. It might cause a temporary dip in your score, but over time as you use the loan to pay off other debts (such as credit card balance), it improves. Furthermore, you can even increase your score from what it once was by making timely payments on this consolidation loan.

There are some minimum requirements which you must meet to qualify for the loan:

• FICO score of 670 or higher
• Stable income
• Debt-to-income ratio (DTI)
• Stable employment history
• Meeting any minimum debt amount requirements  

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When you have a bad credit score, or perhaps no credit score, online lenders will give you easily and quickly approved loans. Explore our range of loans that offer the best interest rates, open terms, and end-to-end customer support.

It depends on the interest rate and how long your repayment period is. You can check out the loan calculator to see what your monthly installments would look like.

Considering the national average of 12.17 percent, this interest rate is significantly good for a personal loan. Your monthly installments will look manageable, and you’ll be able to pay off quickly.

To qualify for a payday loan, you must be older than 18 years, have an active bank account, be able to show a stable source of income, have a valid government-issued ID, and have proof of residency (using utility bills or rental agreements).

Yes! It is more than possible to borrow money without a credit score check. There are plenty of online lenders who offer personal loans without credit checks.

The average APR for personal loans is 21.44 percent as of December 31st, 2024.

When you miss repayments, interest accumulates increasing the amount you owe. You might also be charged interest on this higher amount now which is your new total loan balance (principal + interest on missed payment). It is thus advised to make timely repayments on all your loans.

If there are no early repayment penalties, try paying off more than the minimum installments. When market rates drop or your credit card rates improve, refinance your loans at a lower interest rate. 

Payday loan is a short-term high-interest loan which allows you to borrow cash until your next payday. 

It depends on the type of loan you’re applying for. For payday loans online, lenders usually disburse the amount within 24 hours. Mortgages take 30-45 days, and personal loan approvals take a few days to a week. 

Installment loans are designed to help you take out the complete loan amount lump-sum, and later repay in monthly installments over a set period of time.

Unsecured loans don’t require collateral. Meaning, you won’t have to lock an asset with the lender for borrowing money.

Personal loans allow you to cover various expenses. It could be medical bills, car repairs, funeral costs, consolidating debt, etc.

Signature loans are unsecured personal loans that demand only the borrowers signature for approval. 

APR (Annual Percentage Rate) is the yearly cost you pay for borrowing a loan. Read more about what an APR is.

Yes, some loans allow prepayments and that reduces the principal amount faster. In turn, your interest is also reduced.

It depends on the lender. They can decide how many loans you have with them simultaneously. Lenders also cap the total amount you can take through their loans collectively.

Yes, if there is no prepayment penalty mentioned in your loan terms, you can make early payments. It will allow you to avoid extra interest charged on your loan.

Absolutely! In fact the easiest and most proven way to build your credit score is by taking out a loan. When you make the payments on time, you’re signaling the lenders of creditworthiness. This pushes up your score.