Have a look at your budget. Can you afford the new loan payments? Be ready with documents like your driver's license and banking information.
Fill out the simple & secure form and submit your information for lenders to review. The marketplace is free for you to use and you may be able to find a lender in a matter of minutes.
The information you provide helps lenders determine if they want to work with you. Once you submit your information to the marketplace, lenders review your information in real-time based on the lending requirements they previously established. Based on the lender’s individual and independent review, they decide whether or not they would like to work with you. If a lender decides they would like to work with you, you will be redirected to their website where you can complete the lender's lending process, review the loan terms, and if acceptable to you, accept the loan.
If you agree to work with the lender, your lender can deposit your funds directly into your bank account in as little as 24 hours*. Remember that your loan fees and repayment terms are agreed upon solely between you and the lender and any questions you may have about those fees or terms should be discussed directly with them.
Lenders need to understand two things: who are you and are you able to pay back your loan?
Most information collected verifies your identity, prevents fraud, and helps lenders to make their initial lending decisions. This information is also used by lenders to pull a credit report for you using a soft or hard inquiry with a major or alternative credit reporting agency. Lenders may call to verify your employment without discussing your financial matters. Get your annual credit reports at www.annualcreditreport.com.
Your residence information ensures lenders provide the right loan product for you and helps identify current expenses and payment history. Assets such as your car title may open up alternative credit options using collateral.
Using a co-signer could improve your interest rate and loan amount. However, your co-signer also needs to understand the terms of the loan as they must pay back your loan if you can’t.
Sometimes, even small inaccuracies or incomplete information can prevent approval. If you are active duty military you may not qualify for all products offered by the lenders.
Existing loans and other forms of debt can also prevent approval. Based on your income and expenses (debt-to-income ratio), you may not qualify for as much as you want. Asking for a lower loan amount could be an option.
Lowering or eliminating expenses could help you qualify. We offer several resources to help you manage your personal finances.