Credit Direct is a legitimate online personal loan provider that offers a range of loan options to borrowers in 15 U.S. states. Loans can be used for a variety of purposes, and money can be received in as little as 24 hours.
- 80 Reviews analyzed
- 3/2/23 Verified not a scam
What is Credit Direct?
The d/b/a (doing business as) name for Delmarva Funding, LLC, founded in 2012, Credit Direct is an online personal loans lender offering unsecured loans up to $40,000 through a proprietary underwriting process.
Although loans can be used for a variety of purposes, the company specializes in consolidation loans and works by matching customers with loan offers and providing pre-qualified loan products and new loan applications.
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 $5,000 and $40,000, then complete a secure online form. Based on the information you provide, the company searches for the most suitable loan option and delivers your result within minutes. 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 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 15 states
- No fixed rates or term ranges online
What consumers say about Credit Direct
Customers commented positively on all aspects of the loan process, including speed and ease. For instance, ConsumerAffairs reader Troy of Mechanicsburg, PA said that “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.”
Customer service also received high marks from readers like Joe of Weston, FL, who stated that Credit Direct had, "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.”
» MORE: Verified Credit Direct reviews
| Review about | Loan process | Customer service | Speed of process |
|---|---|---|---|
| Positive experience | 34 | 11 | 12 |
| Negative experience | 0 | 2 | 1 |
Credit Direct information
| Age of business | 17 years |
|---|---|
| Year founded | 2007 |
| Headquarters | 5275 Westview Drive, Suite 120, Frederick, MD 21703 |
| Phone Number(s) | 866-414-4198 |
| affiliates@creditdirect.com | |
| Website | https://www.creditdirect.com/ |
| Is website secure | Yes |
| Forms of contact available | Contact form, phone, email, mail |
| Trade organization membership | — |
| States of operation | 15 states |
