
Credit Direct Reviews
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About Credit Direct
Credit Direct offers personal loans directly and through a partner network in 15 states. According to the company, it can fund loans in as little as 24 hours, and it doesn’t require a minimum credit score. Its loans are available for a variety of purposes, including debt consolidation, home improvements, major purchases and more.
- No minimum credit score required
- Funding in as little as 24 hours
- Prequalification available
- No penalty for early payments
- Only available in 15 states
- Low maximum loan amount
- Partner network may offer different rates and terms
Helpful Reviews
What is Credit Direct?
Credit Direct is an online personal loan lender. Headquartered in Maryland, the company provides personal loans both directly and through a network of trusted partners. Credit Direct offers loans of up to $40,000 for a variety of purposes, such as major purchases, home improvements, weddings, vacations, debt consolidation and much more.
Credit Direct is only licensed in 15 states, so you can only qualify for a loan if you live in one of the following states:
- Alabama
- Arizona
- Arkansas
- California
- Florida
- Indiana
- Iowa
- Louisiana
- Maryland
- Michigan
- Missouri
- North Carolina
- Oklahoma
- Pennsylvania
- Texas
How does Credit Direct work?
Credit Direct lets you get prequalified before you apply. Prequalification only requires a soft pull on your credit history, so it won’t affect your credit score. It also doesn’t have a minimum credit score requirement for its loans.
When you’re ready to apply for a loan, you can apply online. You’ll start by selecting your desired loan amount and completing an online form. Once you submit your application, Credit Direct will review your information and connect you with either loan options from it directly or through one of its partners.
If you accept a loan offer, you’ll sign the agreement electronically. Approved funds can be deposited into your bank account in as little as 24 hours.
Credit Direct personal loans
Credit Direct offers personal loans ranging from $1,000 to $40,000 and term lengths ranging from one to five years. The amount you’ll ultimately get approved for depends on factors like your credit history and income. Generally, the higher your credit score, the better odds you’ll have at being approved for a higher loan amount.
Credit Direct’s loans come with fixed rates and terms, and all of its loans are unsecured, which means you won’t need to provide collateral.
Credit Direct rates
Credit Direct offers competitive annual percentage rates (APRs) ranging from 6.99% to 29.99%. Both its minimum and maximum APRs are lower than some other lenders’ APRs. Some lenders offer maximum APRs of up to 36% APR.
However, Credit Direct’s lending partners may have different APRs from the above, along with different terms and lending criteria. Generally, APRs vary depending on factors like your credit profile, employment history, loan amount and debt-to-income (DTI) ratio.
Credit Direct fees
Credit Direct doesn’t charge administration fees or prepayment fees, though it states that its lending partners may charge these fees. Borrowers only need to repay the loan principal plus interest.
FAQ
Is Credit Direct a legitimate company?
Yes, Credit Direct is a legitimate lender for personal loans. It’s licensed in all of its 15 operating states and it’s been in business since 2012.
What credit score do you need for Credit Direct?
Credit Direct states that it doesn’t require a minimum credit score for its personal loans. However, people with good to excellent credit will generally qualify for the best rates and terms, plus larger loan amounts.
Is Credit Direct under FCMB bank?
No, Credit Direct is the doing-business-as (DBA) name for Delmarva Funding, which is based in Maryland. However, there is another company called Credit Direct that’s based in Nigeria, which is a part of FCMB Group, a global company focused on consumer banking, commercial banking and wealth management services.
Still have questions?
Is Credit Direct worth it?
Credit Direct can be worth considering, particularly for people with less-than-perfect credit, since there’s no minimum credit score requirement. It can also be a good option for consumers who need funds quickly, and there are no administration fees or prepayment penalties.
The biggest drawback is Credit Direct’s availability. It’s only licensed in 15 states, so many borrowers won’t qualify based on their location alone. Rates, terms and fees can also vary if the loan is provided by a lending partner.
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Credit Direct Company Information
- Company Name:
- Credit Direct
- Company Type:
- Private
- Year Founded:
- 2012
- Address:
- 5275 Westview Drive, Ste. 120
- City:
- Frederick
- State/Province:
- MD
- Postal Code:
- 21703
- Country:
- United States
- Fax:
- 301-637-3304
- Website:
- www.creditdirect.com




