Very quick and painless process. NO additional paperwork needed. Had a 670 credit score and received approval up to $40,000. I took out $18,000 to pay off credit cards and to give me a little extra to pay for car repairs. Received the loan at the end of June and my credit scores are now 746 Transunion 753 Equifax and 752 Experian. I had the option of 3 years with a 10% interest rate of 5 years with a 14% rate. There was a 6% origination fee but totally worth it in the grand scheme of things financially. I took the 5 years with the plan to pay it off early since there are no prepayment penalties. Wish I had gone this route earlier. Would have saved me a lot in interest fees. One thing to consider with the personal loan route is it shows diversity in loan types. If you don't have a car loan or a mortgage but have multiple credit cards - this is definitely a GREAT way to boost your credit scores. It allows you to keep your credit card utilization under that 10% mark that is the holy grail in FICO scores. But this loan isn't calculated into that scheme.
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Who is writing these review? I'm guessing not people who actually use this loan service. People really sould avoid this at all costs. There is an origination fee, on top of the super high interest rate!!! You really need to read the fine print so you know what you're getting into before gettting involved with this company. My example - $5K loan, of which they take $300 for origination fee right off the top (you get $4700). Interest rate of 30%, so monthly interest fee ~$125. So, after one month, even if I pay it off immediately, it has cost $500. So, you can see this is not a great way to get money short term - or even long term for that matter. Look elsewhere if at all possible!
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