Through US Credit Loan, people can invest in each other in a way that is financially and socially rewarding. Borrowers apply online for a fixed-rate, fixed-term loan between $2,000 and $50,000. Individuals and institutions can invest in the loans and earn attractive returns.
You would not overdraw your checking account or get a loan from your credit card without good reason, so the same principles should be applied to short-term loans. They are designed to be used during financial crises as a short-term solution and never as a way to dig oneself out of a mountain of debt. We encourage consumers to use their loans responsibly and never request money for frivolous spending. Consumers who have serious financial trouble should consider hiring a professional credit counselor to help them prepare budgets and pay off debt.
Short-term loans certainly have a reputation for being expensive, but they are truthfully no more expensive than getting a credit card loan or overdrawing a checking account. Think of it this way: while the interest rates for short-term loans are indeed higher, these loans are made to be paid off within a very short period of time. As long as consumers are able to stick to the terms of the loan and pay them off according to the original agreement, it can certainly be a very convenient and affordable option.
A personal loan is money lent through a financial institution like a bank or an online lending marketplace that can be used to pay down credit cards, consolidate debt, or cover a wide range of expenses. Personal loans come with fixed monthly payments over a set period of time.
Instead of credit limits, introductory rates, or revolving balances, personal loans come with a fixed rate and payment that you choose up front. No additional interest will be added to your loan once you lock in your rate, so nearly all of your monthly payment goes to quickly reducing your balance and paying down your debt. Learn more about personal loans vs. credit cards.
Checking your rate with LendingClub Bank has absolutely no impact to your credit score because we use a soft credit pull. A hard credit pull that could impact your score will only occur if you continue with your loan and your money is sent. The good news is that a personal loan could also positively impact your credit down the road by showing a history of on-time payments and reducing your total debt (as long as you don’t add new debt, like increased credit card balances). Learn more about soft vs. hard credit check.
Scammers often try to collect personal and/or financial information from consumers by posing as employees of philanthropic organizations or financial services companies. Be cautious about providing personal or financial information to anyone, even if they claim to be from a company you already do business with. Learn about the advance fee scam.
US Credit Loans is awesome. They were super quick and easy. I did all the stuff online and in couple minutes got an approval. I had to do an emergency tooth extraction because of the pain it was causing. It was great to be able to get it done so fast and not go another day with a terrible toothache. Thank you so much!
A pipe in my house burst and I didn't have any money at the time to fix it. My buddy had used Prospers Loans before and told me they could help. I went online and filled out a their form. After only a couple of minutes they told me I could get $10,000. I got the money next day and was able to repair the pipe right away.
This is the 2nd time I have used Prosper and they have made it a simple process and I had the funds in just a... second.
I like the process and funds sanction process by the company. Its very easy and fast.
Responsive, efficient, great, considerable and smooth service! Thank you!
