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Personal Loans
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There were 13 articles found in this category:
 What is an APR?
APR stands for "Annual Percentage Rate." It is the interest rate on a debt expressed as a yearly rate (rather than a monthly one, for example). The APR was created to make it easier to compare credit offers. Credit cards often have several different APRs -- one for purchases, one for cash advanc ...
- How do I receive my loan? Direct deposit, wire transfer, or check?
If you were accepted for an unsecured personal loan, you will receive your funds in the form of a check. You may be able to request that these funds be wire transferred to your bank account. If you were accepted for an emergency payday loan, your funds will be deposited directly into your bank a ...
- How much can I borrow?
This depends on what type of loan you apply for, but in general the better your credit score, the easier it will be to borrow more money. The maximum amount of money you can request with Credit.com when you apply for a personal loan is $10,000. If you are a homeowner, you could qualify for $15,0 ...
- What is a secured loan?
A secured loan is a loan that is assured – “secured” -- by collateral such as a car, a house, etc. It is different from an unsecured loan like a credit card balance, which does not require such collateral. Research different loan options and apply today!
- What is peer to peer lending?
Peer-to-Peer, also known as Person-to-Person Lending, is a fairly new way for consumers to obtain financing without going through banks. The transaction occurs between a borrower and a lender or lenders who are other individuals -- not banks. Often many different lenders compete for your busines ...
- How do I qualify for a personal loan?
Credit.com currently offers two types of personal loans: Unsecured personal loans and emergency payday loans. Unsecured personal loans allow you to borrow between $1,000-$15,000. These loans are credit-based, long-term loans. Emergency payday loans allow you to borrow between $100-$999.99. Thes ...
- What is my loan status?
Credit.com has a system that allows you to check on the status of your loan securely online. When your loan application was submitted, you should have received an email with your confirmation number and instructions for checking your status online. Using this confirmation number and your email a ...
- What is an unsecured personal loan?
An unsecured personal loan allows you to borrow between $1,000-$15,000. These loans can be paid off during the course of 1-6 years and normally do not require a collateral such as a car, a house, etc. To qualify for an unsecured personal loan, you must meet certain credit score and income requir ...
- Why was I denied for a personal loan?
A lender may deny your application for a personal loan if you did not meet one of the minimum requirements listed on the first page of the application or if: Your credit score is too low or you don’t have a credit history You do not live in the US You have a recent past bankruptcy You hav ...
- How do I change information on my application?
Once you submit your loan application, our system immediately begins to process your information with one of our lenders. If you are approved and do not agree with the terms of the loan, you are not obligated to accept it and may simply decline the offer. However, if you did not complete the app ...
- What is the difference between a cash advance and a personal loan?
An unsecured personal loan allows you to borrow between $1,000-$15,000. These loans can be paid off during the course of 1-4 years. To qualify for the loan you must meet certain credit and income requirements.Collateral also may be required for the higher loan amounts. Apply for an unsecured per ...
- What can I do to increase the chances of loan or credit card approval?
To increase your chances of loan approvals in the future, we recommend that you pay your bills on time, use your accounts responsibly, keep your credit card balances low, and remove negative inaccuracies from your credit reports. If you do not already have a credit card, you can build your credi ...
- If I cosign for my friend will it lower my chances of obtaining a loan?
Strictly speaking, no. The fact that you are a cosigner in and of itself does not necessarily lower your chances of obtaining a loan in the future. However, even if the cosigned account is paid on time, the debt may affect your credit scores and revolving utilization, which could affect your abi ...
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