Credit9 Reviews

Credit9 is an online lender specializing in personal loans for consolidating high-interest debt, such as credit card debt, medical bills, student loans, tax debt or other types of debt.

While Credit9’s headquarters are in Irvine, California, it services loans nationwide. Its prequalification and application process take place online, or you can choose to work with a Credit9 customer consultant during parts of the process.

» MORE: Debt consolidation pros and cons

If you’re interested in getting a loan through Credit9, the first step is to fill out a quick prequalification form on the website. Credit9 initially only asks for your name, phone number, address and other basic information. This part of the process doesn’t have an impact on your credit score.

If you decide to move forward with a loan application through Credit9, you’ll provide financial documentation, including proof of income. The underwriting team at Credit9 will then review your financial information, including your credit profile, to determine your approval and loan terms. This part of the process will show as a hard inquiry on your credit report and may have a minor impact on your score.

If you’re approved and you decide to move forward, you’ll agree to the terms and e-sign the loan documents. This process takes place online, or you can request to work with a Credit9 loan consultant at any point. You can then receive your funds as soon as the next business day once approved.

Credit9 doesn’t disclose its specific requirements for its loans, such as its minimum credit score. However, it states that all borrowers must meet the following requirements:

• Be a U.S. citizen or a permanent resident who lives in the U.S.
• Be at least 18 years old
• Have an email address and verifiable personal information
• Be employed or have a regular source of income
• Have a personal U.S. bank account
• Meet its minimum credit score requirements (not disclosed)

Credit9’s loan terms range from two to five years, and its loan amounts range from $2,500 to $45,000.

Credit9 doesn’t advertise its interest rates on its website. Your interest rate will have a major impact on the overall cost of the loan. To get an idea of which rates you may qualify for if you apply, you’ll need to get prequalified on its website.

» MORE: Average personal loan interest rates

While there are no application fees or prepayment penalties with Credit9 loans, it charges an origination fee, which it doesn’t disclose online. An origination fee is typically a small percentage of the overall loan amount, though some lenders’ fees can reach up to 10%.

Credit9 is a legitimate lender. It has been in business since 2018, and it’s licensed with the Nationwide Multistate Licensing System (NMLS). It can be a good option for people who want to consolidate high-interest debt of all types. It will generally appeal to borrowers who prefer an online application process, but you can also call one of its customer service representatives during the process.

While Credit9 advertises it can help you save thousands of dollars in interest by consolidating, it’s important to remember that each loan is based on your own creditworthiness and personal financial factors, which affect the interest rate you receive from Credit9. It also doesn’t disclose its rates and fees online, making it difficult to compare its loans to other lenders’ debt consolidation loans.