When assessing your loan eligibility, only a soft credit check shall be carried out. This is visible to you but not to lenders or other third parties and does not affect your credit score.
Representative Example: $1,000 loan over a 12-month term would have a total cost, including interest, a total payback amount of $1,134.72. APR 29.82%. Rates between 5.99% APR and 35.99% APR and loan term lengths from 3 to 36 months for qualified consumers.
How Does it Work?
1. Eligibility Check
Complete our three minute multi-select loan eligibility check online process.
2. Process & Search
Our system identifies and presents to lenders that match your criteria.
3. Offers Presented
If approved, offers will be presented for you to review the loan terms.
4. Proceed or Decline
You decide to either proceed with a loan offered or simply walk away.
Benefits to You
Our system filters out lenders that do not match your criteria, allowing you to complete a single application with a higher likelihood of approval.
Our service is completely free, and you are under no obligation to accept or proceed with any loan offer.
Once approved, funds may be sent in as little as 10 minutes. The time it takes for the money to reach your account will depend on your bank’s policies and processing times.
We will not send you emails or messages containing false promises or promoting unrelated products or services.
Your Privacy
At MyFriend4Credit™, your privacy matters to us. We don’t send spam, we don’t flood your inbox and we never send emails or text messages without your clear consent. Period. You stay in control of how and when you hear from us.
FAQ’s
Your eligibility for a loan is based on a number of key factors. Lenders will typically consider the following:
Credit history and score: A stronger credit score improves your chances of approval. It’s worth checking your credit report for errors and taking steps to improve your score where possible.
Existing debts: Lenders look at how much debt you already have when assessing affordability. Lower outstanding debts can improve your borrowing options.
Age and residency: You must be of legal age in your state and be a US resident.
Pre-eligibility checks: Our soft search lets you check your likelihood of approval without impacting your credit score.
However, there are lenders that base their decision on income and oiutgoings with no full credit checks.
Even with a poor credit score, you may still be able to borrow. Bad credit loans typically have higher interest rates, but they can help cover essential expenses or be used to consolidate existing debt.
Making your repayments on time can also help rebuild and improve your credit score over time.
The loan amounts available will depend on the type of loan you choose. When you start an application on our website, you’ll see the loan ranges you may be eligible for at the beginning of the process.
Tips and Hints
Please ensure all questions are answered truthfully and accurately, as providing incorrect or misleading information may affect your eligibility or approval.
If you’re worried about receiving unwanted emails, you can create a separate email address and forward any important messages to your main inbox.
When calculating your monthly income, include all applicable sources such as primary and secondary income, rental income, spousal income, and any government benefits.
To avoid negative outcomes from lender credit checks, complete an eligibility check first before deciding how to proceed.
Details Needed
The first section of the process is six multi-select questions which ensures you pass the minimum criteria needed to complete the full process.
Completion time: < 1 Minute
The second part of the process are your personal details. These include your:
Full Name
Date of Birth
Mobile Number
Email Address
Home Address
Completion time: 2 Minutes
The third part of the process are your income details. These are needed to show that you have a regular income and can afford repayments. These details include:
Your Employer Name
Your Employer Contact
Your Total Monthly Income
Completion time: 1.5 Minutes
Please Note: No contact is made with your employer at any time.
The final part of the process are your banking and ID details. These are needed to ensure that if you proceed with a loan offer, you have a valid checking account that can receive funds by direct deposit. Plus to protect you against fraud we collect your SSN and state ID number.
Completion time: 1 Minute
Please Note: All details that you enter are fully secured and only used to support your process. These details are no held for any longer than needed by our system.