All loan approval decisions and terms are determined by the loan providers at the time of your application with them. There is no guarantee that you will be approved for a loan or that you will qualify for the rates displayed. The offers and rates presented on this website are estimates based on information lenders submit to us or display on their website. APR rates may range from 6.73% to above 700% APR. Your actual rates depend on your credit history, income, loan terms, and other factors. We review the information that you provide to us and if you meet certain requirements, we then match you with the lender or lenders with which we do business ("the participating lenders"), who we believe are most likely to provide you with a loan based on our assessment of your information. Our service may direct you to different types of participating lenders including peer-to-peer lenders, traditional lenders, and installment lenders. If you have bad credit we may be unable to match you to our participating lenders. Origination or other fees from 0% to 5% may apply depending upon your state of residence.
If you are approved by LendingPoint’s final underwriting funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $3,500 to $20,000, at rates ranging from a low of 15.49% APR to a high of 34.99% APR, with terms from 24 to 48 months. Reasonable efforts are made to compile and maintain accurate information. However, all loan rates and terms, including APRs, are presented without warranty and are subject to change by the loan providers without notice. For consumers who have bad credit we have relationships with third-parties who operate through a pool of lenders. When we use the words "bad credit," we mean a credit score less than 600. As a result, if you have bad credit, additional lenders with your permission will have the opportunity to respond to your loan inquiries through a bidding process.
At www.BetterLoanChoice.com, we will provide you with the opportunity to provide us with your credit score, but we will not pull your credit, which can result in a reduction of your credit score by a small number of points each time that it is pulled. BetterLoanChoice.com is not a lender and does not make loans or credit decisions. BetterLoanChoice.com is not acting as a representative, agent, or correspondent for any of the participating lenders. BetterLoanChoice.com does not control and is not responsible for the actions or inactions of any participating lender. BetterLoanChoice.com does not endorse any particular lender or loan product. You are under no obligation to use BetterLoanChoice.com's service to initiate contact or find a loan with any of the participating lenders. Participating lenders may take steps to verify the accuracy of the information that you have provided including, but not limited to, your social security number, driver's license number, national ID, or any other state or federal identifications and may review the information against national databases including, but not limited to, Equifax, Transunion, and Experian, to determine your credit worthiness, credit standing and/or credit capacity. In addition, if your inquiry results in a loan offer, they may use your personal information to market their services to you. Although our loan matching services are free to you, we may financially benefit from anything you read or click on while visiting our site.