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About Credit Direct
Credit Direct offers personal loans through a proprietary underwriting process. The company matches customers with loan offers internally and also has a network of 15 to 20 other lenders. It specializes in loan consolidation and offers pre-qualified loan products and new loan applications. Credit Direct is licensed in 11 states, including Alabama, Arkansas, Arizona, California, Florida, Louisiana, Maryland, North Carolina, Oklahoma, Pennsylvania and Texas.
Pros & Cons
- No minimum credit score
- Funds available within three days
- No penalty for early payments
- Available in just 15 states
- No fixed rates or term ranges online
Credit Direct is an online personal loan provider. It offers loans from $5,000 to $40,000. There’s no minimum credit score, and some get money in 24 hours with approval. It’s only licensed in 15 states.
I applied for the loan one day and it was funded within two days. Any time that I had a sticking point in the process, I would text Marco and he would respond almost instantly. He...Read full review
I had an unexpected expense to come up and Tiah appeared like an Angel and reminded me I had applied for a loan and if I was still interested. I was approved and received the moni...Read full review
What is Credit Direct?
Credit Direct is an online personal finance lender. Headquartered in Maryland, the company provides personal loans both directly and through a network of trusted partners. Credit Direct offers loans up to $40,000 for a variety of needs. This includes major purchases, home improvements, weddings, vacations, debt consolidation and much more.
Credit Direct promises fixed rates and terms. There are no hidden fees — you just have to make your monthly payment. There’s also no minimum credit score required to apply. Pre-qualification only requires a soft pull on your credit history, so it won’t affect your credit score unless you’re approved and agree to a loan.
Loans with Credit Direct are unsecured, so you don’t need to provide collateral. Most times, clients receive their money between 24 to 72 hours after applying. Credit Direct is only licensed in 11 states, so you can only qualify if you live in one of those states.
How does Credit Direct work?
Credit Direct aims to make the loan application process a simple one; use the sliding tool on the application page to set what amount you’re applying for. You can choose any amount between $5,000 and $40,000. Then fill out the encrypted web form. Credit Direct takes over from there.
The company uses your criteria to find the loan option that fits best. You’ll get your result within minutes of submitting your application. Documents can be signed electronically, meaning there’s no waiting on the mail. The agents do the rest to make sure your loan lands in your bank account as soon as possible.
Credit Direct rates
Credit Direct doesn’t specify rates on its website. Since your rates depend on your individual situation, the company can’t provide exact numbers until you’ve applied for a loan. Factors that will affect your interest rate include your credit and work history, the amount of the loan, your debt-to-income ratio and more.
The website’s FAQ page does specify two details: Firstly, there aren’t any hidden fees with Credit Direct — you only pay your loan amount plus interest. Secondly, APRs with Credit Direct start at 4.99%.
Credit Direct FAQ
Where is Credit Direct available?
Credit Direct operates in 11 states: Alabama, Arizona, Arkansas, California, Florida, Indiana, Iowa, Maryland, Michigan, Missouri, North Carolina, Oklahoma, Pennsylvania, Texas and Virginia.
Does Credit Direct check your credit score?
Credit Direct performs a soft pull on your credit when you pre-qualify. Only once you agree to an offer will Credit Direct do a hard pull on your credit.
What’s the maximum amount you can borrow from Credit Direct?
The largest personal loan Credit Direct offers is $40,000. The amount you ultimately get approved for depends on several personal factors.
What’s the minimum amount you can borrow from Credit Direct?
The minimum personal loan amount you can get from Credit Direct is $5,000.
Is Credit Direct legit?
Credit Direct is a legit personal loan provider to consider. Customer reviews of the company are generally positive, with many reporting being approved and receiving their money quickly. It has many attributes of a good lender.
One major downside is that it’s not widely available. The company is licensed to operate in just 11 states. If you live outside these areas, you’ll have to look elsewhere. For anyone who can take advantage of its services, however, Credit Direct seems to be a good choice.
Credit Direct promises no hidden fees; customers pay back only their loan plus incurred interest. The website isn’t specific about what rates or term ranges to expect, but it does mention that APRs can be as low as 4.99%. On the bright side, if you pay more than the minimum payment or pay your loan off early, there’s no penalty.
The company also promises that all correspondence receives a reply within 24 hours. While this might not have the same benefit as a company that offers 24/7 customer service, it’s still good to know your inquiries will be answered. Overall, Credit Direct is a good company to consider if you’re looking for personal loan providers.
» MORE: Is Credit Direct legit?
ConsumerAffairs has collected 80 reviews and 88 ratings.
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Reviewed Sept. 10, 2019
I got a letter in the mail with a code and a claim that I had a personal loan of up to $15,000. I called the number and told the rep very clearly that I had not decided if I should take the loan but would like to know what it would cost each month based on a loan amount approved. What I was looking for was a general estimate on average, not tailor made for me. He told me he needed the code and I told him that I did not want to give him the code as it may seem I had made an application. He told me that would not happen but that he needed the code to check. After that event, I got at least 3 reps who called me and told me that I had made an application and it was not complete, and I repeated what I told the rep. Today I get an email "rejecting" the application that I never made from Delmarva Funding in Rockville, Maryland. It claimed that I WITHDREW THE APPLICATION.
Reviewed Aug. 11, 2019
Unprofessional. Very unprofessional, one of employees emailing almost every day, for 3 or 4 days, after that Saturday, with his opinions and talks like reality is the way he think, talking about my minimum payments, who told you I am paying minimum in my payments? I did a mistake by running soft inquiry through this company, that's ok. Good to know.
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Reviewed July 16, 2019
I applied for a loan today, it is approved. But now have to pay R2400 admin fee... Did anyone paid a admin fee? Is this for real? And not maybe a scam? I apply for loan, because I have needs, and also need money. Where must I get the money? I was happy until the I heard from this admin fee before I can get the money I applied for? Please help asap.
Reviewed May 24, 2019
I applied for the loan one day and it was funded within two days. Any time that I had a sticking point in the process, I would text Marco and he would respond almost instantly. He was always in contact with me through the whole process. The loan was funded, even though I didn't think I had a shot at it. Thank you Marco and Credit Direct.
Thank you for your kind words regarding Marco and your experience with Credit Direct. We are happy to hear your loan was funded so quickly and if you ever need anything in the future, please do not hesitate to reach out to us!
Reviewed March 26, 2019
I'm so glad Tiah reached out to me regarding this personal loan. I had applied awhile back but decided to go another route. I had an unexpected expense to come up and Tiah appeared like an Angel and reminded me I had applied for a loan and if I was still interested. I was approved and received the monies within 24 hours. Tiah was so nice and professional. I will definitely use Credit Direct again.
We are so glad to hear that you received your money and Tiah was able to help with your unexpected expenses. If you ever need anything in the future, please do not hesitate to ask.
Reviewed March 21, 2019
I worked with Matt ** at Credit Direct, he was not only professional, but courteous and informative. I really feel like he held my hand through the entire process, answering all of my questions. I received an immediate follow up from the lender of my choice and my loan funded within 3 days. I am extremely happy with my experience and would recommend Matt and Credit Direct to anyone looking for a loan.
Thank you for your review and we are happy to hear your loan was funded. It's great to hear you experience was positive. If you need anything in the future, please do not hesitate to contact us.
Reviewed March 14, 2019
Great experience, loan approval in one day. The Loan Specialist for CreditDirect provided several loan and debt consolidation options. He worked with me to get the best loan for my situation explained the process. Really great experience. Great to know there are options to help your situation. Would highly recommend to my family and friends.
We are very happy to hear you experience with Credit Direct was great. If you need anything in the future, please do not hesitate to contact us. Congrats again on your loan!
Reviewed Feb. 17, 2019
Once application was sent in, I was contacted immediately. I was able to say what I needed and the payment I would need to get the loan. They worked with me to get what I needed. Was very fast and efficient. I was very happy with how it was handled and how quick.
It is good to hear that you were happy with the results of your loan application. It is always nice to be able to work with our customers to best fit their needs. If you need anything in the future, please do not hesitate to contact us.
Reviewed Feb. 15, 2019
Easy and quick. All questions answered. Also Matt followed up when I let it sit for a few days. Would recommend to a friend. Would do again if needed. Money was funded in 24 hours as I was told. Very impressive system and service.
Thank you for your review of our lending process. We are glad to hear you trusted us enough to recommend to a friend. If you need anything in the future, please do not hesitate to contact us.
Reviewed Feb. 14, 2019
Travis ** Contacted me on Monday asking if I still wanted a loan and I said yes. I have been trying to get $10,000.00 to pay off credit cards and other loans. After numerous my hopes were less than high but I gave a credit application. Within a few hours I had an approval. I wish I had gotten Travis a year ago as he knew what buttons to punch.
We are very glad to hear Travis helped you accomplish your goals. It's always nice to hear we have helped someone with paying off existing debt. If you need anything in the future, please do not hesitate to reach out to us!
Credit Direct Company Information
- Company Name:
- Credit Direct
- Company Type:
- Year Founded:
- 9201 Corporate Blvd, Suite 110
- Postal Code:
- United States
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