Do you charge any fees to apply for online loans through Shorttermcredits?
We do not charge any fees for applying with us. We offer a free-to-use loan matching service that connects borrowers with multiple direct lenders and other brokers with just one online form. We receive a commission from the lender after an applicant's loan is approved. People seeking online loans can apply for up $5,000. Interest rates are subject to various factors. They often come with higher rates for individuals with poor credit histories. Lenders perceive a higher risk when extending credit to people with a history of late repayments. Before finalizing any loan agreement, it is critical to thoroughly examine its terms and conditions to ensure you understand all potential fees involved from the lender's side. However, these fees may vary depending on the lender and the specific loan. Additionally, be cautious of lenders who promise approval without a credit check or require upfront payments, as these can be signs of a scam.
Can applying for an online loan through short-term credits affect my credit score?
We perform a soft credit check to determine your eligibility and provide a no-obligation loan quote that won't impact your credit score. If you accept an offer, lenders may conduct a hard credit inquiry.
Can I still apply for an online loan if I have bad credit?
Absolutely, yes! You can borrow an online loan with bad credit. Apply online regardless of your credit score and check your eligibility. While your credit score has a significant role in the loan approval process, remember that it's not the only factor lenders consider. Lenders may also evaluate your employment status, income, loan repayment ability, and other eligibility factors. It's important to understand that individuals with subpar credit ratings might face higher interest rates on their loans because lenders often view them as higher risk than those with good credit. We work with a panel of lenders and other brokers who connect you with a suitable lender. Apply through us and receive an instant quote with no obligation to accept it. Please be sure that we do not influence lenders' decisions or approvals. Before proceeding with any loan agreement, carefully review the terms and conditions.