Unsecured Personal Loans
Application Only & Light Documentation
PERSONAL FUNDING REQUIREMENTS
⇒ Minimum 700 Experian, Equifax and TransUnion FICO Score
⇒ 2+ Years of Clean Credit History (5+ Years is Even Better)
⇒ Less than $25,000 in credit card debt
⇒ If W2 employee, we need to see a minimum of $50,000 on their prior year taxes.
⇒ Income must be verified by a paystub showing at least $4,500 per month
⇒ If Self-Employed, we need to see a minimum NET income on their
⇒ Schedule C of $75,000 per year. This would be the "Adjusted Gross Income" (line 37)
⇒ MAXIMUM of 5 inquiries PER EACH CREDIT BUREAU in past 12 months
⇒ No unpaid collections
⇒ NO Bankruptcy in the past 12 months
Additional Requirements:
W2 Employee ⇒ History of at least ONE previous loan payment experience (mortgage, vehicle loan, student loan, personal term loan)
Self-Employed ⇒ History of at least TWO previous loan payment experiences. At least 2 years in business & 2 years living at the same home address
How It Works
Loan Amount
Loan Term
Time to Fund
Interest Rate
Talk with a Finance Advisor Now
(800) 459-9410
Monday – Friday
10 AM – 7 PM Eastern
Unsecured Personal Loans Benefits
Unsecured personal loans are loans that are approved without the need for collateral. Instead of pledging assets, borrowers qualify based on their credit history and income. Lenders do not have the right to take physical assets (such as a home or vehicle) if borrowers stop making payments on unsecured loans.
These loans are also known as “signature loans” because your signature on the loan agreement is all that you bring to the table. You promise to repay, but you don’t back up that promise by pledging collateral. “Personal” loans, available from banks, credit unions, and online lenders are unsecured loans you can use for any purpose you want.
Types of Personal Loans
Whether you are looking to pay for your vacation, moving expenses, medical expenses, engagement ring, wedding, car repair or house renovation, we make it easy to apply for a personal loan.
Approval
Getting approved for a personal loan depends on a number of factors. The most important is your credit score & credit history, and your current debt load relative to your income (also called your Debt to Income Ratio). Every lender will have different rules for who gets approved and for how much. Please keep in mind that just because a lender has a minimum score, there is no guarantee that everyone above that score will be approved.
Our Fees:
NO Upfront Fees
One Time Backend Success Fee of 10%
