Will applying for a personal loan affect my credit score?

Will applying for a personal loan affect my credit score?

By submitting an application to see what offers you qualify for, your credit score is not affected. To pre-qualify you, we perform a soft inquiry on your credit report, which won't impact your score. Once you accept your offer and proceed to funded, we perform a hard inquiry on your credit report, which may affect your credit score. If you do see a slight drop in credit score, you should see it increase over time with each monthly on-time payment.

Do I have to have good credit?

¿Debo tener buena calificación crediticia?

Depende. Si bien es cierto que cuanto mejor es la calificación crediticia mejores son las condiciones del préstamo, hemos ayudado a personas con un amplio rango de calificación crediticia a obtener un préstamo personal. ¡Tómese 5 minutos, complete el formulario de precalificación y conozca lo que Credit Direct puede hacer por usted!

How long do I have to pay back the loan?

How long do I have to pay back the loan?

It depends. The terms of the loan have a lot of factors, including your credit score and financial situation, the amount of the loan, interest and how much you can reasonably afford each month to pay down. However, whether it’s $5,000 or the full $40,000, we work hard to get you the best loan terms possible. 

Will a personal loan affect my credit score?

¿Puedo solicitar un préstamo personal sin afectar mi puntaje crediticio?

Presentar una aplicación para saber a cuales ofertas clasifica no afectara su puntaje crediticio. Para pre-clasificarlo, realizamos una consulta blanda de su reporte crediticio, lo cual no afectara su puntaje. Una vez que acepte la oferta y proceda a la financiación, realizaremos una consulta directa en su reporte crediticio, lo cual sí pude afectar su puntaje. Si ve una ligera decaída en su puntaje crediticio, este incrementara al realizar pagos a tiempo mensualmente.

Do I have to have good credit?

Do I have to have good credit?

It depends. While it’s true that the better the credit, the better the terms of the loan, we’ve helped people with a wide range of credit scores get a personal loan. Take 5 minutes, fill out the pre-qualification form and see what Credit Direct can do for you!