What is Credit Direct?
Founded in 2012, Credit Direct is the d/b/a (doing business as) name for Delmarva Funding, LLC (NMLS #1637421). Credit Direct is not a bank; it is an online personal loan provider offering unsecured loans up to $40,000 through a proprietary underwriting process.
Although the company provides loans for a variety of purposes, it specializes in consolidation loans. Credit Direct loans money directly to customers and also matches borrowers with loan offers from its network of lending partners.
Credit Direct is licensed to do business in 13 states:
- Alabama
- Arizona
- Arkansas
- Florida
- Indiana
- Iowa
- Louisiana
- Maryland
- Missouri
- North Carolina
- Oklahoma
- Pennsylvania
- Texas
How does Credit Direct work?
To apply for a personal loan with Credit Direct, start by using the tool on its website to select a loan amount between $1,000 and $40,000, then complete a secure online form. Based on the information you provide and a soft credit pull, the company searches for the most suitable loan options and delivers your result within minutes.
After you accept a loan offer, Credit Direct performs a hard credit inquiry. Credit Direct uses that information, along with the income and identity documentation you provide, to process your application.
If approved, you can sign your documents electronically and Credit Direct works to deposit the funds quickly. The company doesn’t list interest rates on its site because each applicant’s rate varies based on credit score, job history, loan amount, debt-to-income ratio and other personal factors. However, it does clarify that APRs begin at 6.99% and that there are no hidden fees — you pay only your loan and the interest.
Credit Direct pros and cons
Pros
- No minimum credit score
- Funds available within three days
- No penalty for early payments
Cons
- Available in just 13 states
- Exact interest rates and term lengths not listed online
What consumers say about Credit Direct
Credit Direct customer reviews are generally positive. Among the 81 verified reviews posted on ConsumerAffairs since 2017, 94% are satisfied. Customers commented positively on all aspects of the loan process, including speed, ease and customer service. However, some negative reviews mention persistent solicitation and unclear fee structures.
Here’s what some of our reviewers are saying:
- “This company was very easy to do business with, they were very prompt on processing my application. Things went very smoothly, would definitely recommend to anyone.” — Troy of Mechanicsburg, PA
- "Great accurate service and a lot of follow up which was much appreciate. Highly recommend this service. My representative emailed me to follow up on the status of the loan daily.” — Joe, Weston, FL
- “I was ok with an online application that does not affect my credit score since I have already received a pre-approved letter by mail, but then the application was name, number and email and then agreeing to be contacted and that was it. Next thing I know is that for the next 60 days and on, up until today, I have ignored 583 phone calls from them!! Yes, you read that right, 583! And I have the screenshots to prove it.” — Hilal, Columbia, MO
» MORE: Verified Credit Direct reviews
Credit Direct information
| Age of business | 14 years |
|---|---|
| Year founded | 2012 |
| Headquarters | 5275 Westview Drive, Suite 120, Frederick, MD 21703 |
| Phone Number(s) | 866-414-4198 |
| info@creditdirect.com | |
| Website | https://www.creditdirect.com/ |
| Is website secure? | Yes |
| Forms of contact available | Contact form, phone, email, mail |
| Trade organization membership | N/A |
| States of operation | 13 states |
FAQ
Is Credit Direct a real company?
Yes, Credit Direct is a real company. It is registered with NMLS and licensed to provide consumer loans in 13 U.S. states.
Which bank owns Credit Direct?
Credit Direct isn’t owned by a bank. It is the business name for Delmarva Funding, LLC, a Maryland-based online lender.
What are the requirements to get a loan from Credit Direct?
To get a loan from Credit Direct, you need to fill out an online application and submit documentation including bank statements, pay stubs, W-2 forms and a copy of your government ID.
