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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
Featured Reviews
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 reviewI 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 reviewWhat 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?
Credit Direct Reviews
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- 4,532,953 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Credit Direct Company Information
- Company Name:
- Credit Direct
- Company Type:
- Private
- Year Founded:
- 2012
- Address:
- 9201 Corporate Blvd, Suite 110
- City:
- Rockville
- State/Province:
- MD
- Postal Code:
- 20850
- Country:
- United States
- Fax:
- 301-637-3304
- Website:
- www.creditdirect.com