Loans like integra credit®

If you have less-than-perfect credit, you may think that a No Credit Check Loan is the only way you will be able to find funding when you need it. Thankfully, this is not the case! Lenders like CreditNinja or Integra Credit may be able to provide you with the financing you need, even if you have a credit score on the lower side. While there are plenty of options to choose from, how do you know which choice is the right one for you?

Here you will learn all about loans like Integra Credit, how they work, and what other options are available. After learning more about the various lenders and loan types available, you can compare your options with your financial situation to decide which one will help you out the most. 

Finding the Right Personal Loans

Feeling overwhelmed with finding the right personal loan for you? Personal loans are a versatile and convenient form of funding that can come in many different forms. Installment loans, quick cash loans, and bad credit loans are just a few of the ways borrowers can access personal loans. 

Depending on your current situation, you may find that including a co-signer will boost your chances of being approved for a loan. A co-signer is a consumer in good financial standing who is willing to use their creditworthiness to back up another borrower’s loan deal. If you have fair, but not excellent, credit, you may also find that including a co-signer could help you get an approval offer with higher loan amounts or more convenient interest rates. 

If you choose to use a co-signer, be sure to communicate with them about how you plan to pay back your loan to provide some reassurance. While making your loan payments on time is always important, it is arguably more important when you have a co-signer on your loan. This is because if you miss payments or default on your loan, the co-signer will be financially responsible for paying back the balance. 

How To Prep Your Finances for a Personal Loan

It’s never a good idea to go into a loan blind or with absolutely no plan. Below are some helpful tips that may help you prep your finances for a successful personal loan. 

Check Your Credit Score

The very first step in finding the best personal loans for you is to check your most recent credit report and credit score. Many lenders will use borrower credit reports as an indicator of how financially responsible they are. Usually, people with a higher credit score are viewed as financially responsible borrowers, while those with a poor credit score may be looked at as a lending risk. 

While most lenders will review credit history/credit reports before approving borrowers for funding, it is not always the end-all-be-all. There are bad credit personal loan lenders who specialize in providing financing to consumers with extremely low credit or no credit at all. Reviewing your credit reports will help give you an accurate picture of your current financial situation. You can then use that information to weed out financial institutions that wouldn’t make a good fit and help guide you toward the right kind of personal loan providers.

Shop Around and Compare Products

After becoming familiar with your credit reports and current credit score, you can start to research, shop around, and compare offers. When researching other personal loan providers, be sure to check potential lenders’ websites and online reviews. Lender websites can help you gather core information about your potential loan, including: 

  • Maximum or minimum loan amounts offered. 
  • Interest rate range. 
  • Repayment term range. 

Online reviews can also help give you an inside look at what other borrowers’ loan experience was like. If you see many negative reviews all airing grievances about the same issue, that may be a red flag sign for you to perhaps avoid that lender. 

After doing some research and narrowing down your search, it may then be a good idea to give those few lenders a call. Speaking with a loan agent directly allows you to fill them in about your individual financial situation and get personalized advice about what types of loan products may work best for you. 

When you are ready to submit a loan application, try to limit the number you submit to just one or maybe two. The more loan applications you submit, the more hard credit checks will be put on your file. Credit bureaus keep track of hard credit checks, so having too many on your credit file may act as a red flag to future lenders. 

Review Your Existing Debt

You will also want to take inventory of your current debt. When calculating your debt, consider all your outstanding balances, such as: 

  • Credit card debt. 
  • Student loan debt. 
  • Mortgages. 
  • Other existing loan debt (from personal loans, payday loans, etc.). 

After you have calculated how much debt you owe, compare that number to your income to get your debt-to-income ratio. If you have a significant amount of debt or an extremely high debt-to-income ratio, now may not be the most advantageous time to apply for additional funding. In this case, you may want to consolidate your debt with a personal loan

Establish a Financial Plan 

Lastly, before you submit an application for a loan, think about your financial goals and plans. Below are a few questions you should ask yourself. 

  • What Am I Going to be Using This Loan For?: Think about how you are going to spend your loan funds. Are you looking to pay for a big project like a home remodel? If so, a larger loan amount may work best for you. Or are you simply looking to catch up on some past-due bills while you wait for your next paycheck? If this is the case, you may be just fine with a smaller loan amount. 
  • Do I Want to Work With an Online Lender or In-person Lender?: Think about what type of lender you would like to work with. Exclusively online lenders can come with perks like an application process you can complete from home. However, it may be more difficult to get in touch with a loan agent should you come across issues with your loan. On the other hand, brick-and-mortar loan store locations may offer borrowers more personalized service. But, they may require borrowers to visit in person to apply, submit documents, and receive loan funds, which may be an inconvenience to some. 
  • How Soon do I Want to Pay Off This Loan?: It’s also important to think about how long you want to take to pay off your loan balance. While larger loans are usually best suited with a long-term repayment plan and smaller loans with short-term plans, keep in mind that the faster you pay off your loan, the less money you will have to contribute towards interest rates and other fees. But it’s essential to make sure you can afford your monthly payments to avoid late payment fees or other negative penalties. 

What Are the Important Factors of a Loan?

When looking for the best personal loan for you, what factors should you consider? Below are some of the core aspects of a loan you may want to research or ask lenders about. Depending on what information you come across, these details can help guide you toward the right kind of personal loan for you. 

Qualification Requirements 

First and foremost, look into what each lender’s basic qualification requirements are. Some lenders may have a minimum credit score requirement, minimum income requirement, or other hard requirements all potential borrowers must meet in order to be considered for loan approval. Other financial products, such as credit builder loans or payday loans, may have little to no qualification requirements for potential borrowers.

Qualification requirements for various lenders are typically listed on each lender’s website. You should also be able to quickly get information about qualifying requirements by calling a lender directly and speaking with a loan agent. 


Next, think about if you want to provide collateral for your loan. Collateral is a piece of property with equity (or monetary value), that borrowers can use to secure various forms of loan funding. Loans that require borrowers to offer collateral are referred to as secured loans. Secured personal loans tend to be quite common with borrowers who have bad credit or no credit because lenders usually care more about the equity in the collateral rather than the borrower’s credit report/credit score. Because secured loans are so closely related to loans for bad credit, they may come with lower loan amounts or higher interest rates. 

Loans that do not require borrowers to offer collateral are referred to as unsecured loans or unsecured personal loans. Instead of basing approval on the equity in a borrower’s collateral, lenders instead look at their credit, payment history, income, and other financial factors. Unsecured loans come in many shapes and forms, which means some lenders may favor some qualifying factors over others. For example, one unsecured loan may require that borrowers have a credit score or income within a certain range. At the same time, other bad credit lenders for unsecured loans may be more concerned with the borrower’s income and ability to repay. 

Loan Amount

The type of expenses you are looking to cover with your funding will greatly influence your desired loan amount. Furthermore, knowing the loan amount you are looking for can help guide you in the right direction when it comes to personal loans that suit your needs. For example, if you have some hefty expenses you are looking to take care of, loans like payday loans or car title loans may not be able to provide you with sufficient funds. If you are looking for a higher loan amount, you are most likely better off going with a versatile personal loan like an installment loan. 

Interest Rates

Another greatly influential factor of your loan is going to be the interest rate. Interest rates are a kind of additional fee that lenders charge in exchange for extending borrowers funding. 

Some personal loans can come with fixed interest rates, while other personal loans may come with variable interest rates. When a loan has fixed interest, it means the rate will stay consistent throughout the life of the loan, resulting in fixed monthly payments. Fixed-interest loans may be best suited for borrowers who are new to financing or who are simply looking to keep their payments consistent and organized. When a loan has a variable interest, it means the rate has the potential to change throughout the repayment period. Current market conditions can affect variable interest loans, causing the rates to fluctuate some months, depending on the market. 

Annual Percentage Rate/APR

The annual percentage rate (APR) of a loan encompasses its total costs, including the original funded amount, interest rates, origination fees, and other expenses related to the loan. It’s important to distinguish the difference between APR and interest rate. The standard interest rate of a loan is calculated using the loan’s principal balance. APR, on the other hand, is calculated using the principal balance along with other fees/expenses associated with your funding. 

Loan Repayment Terms

The loan term, or repayment period, indicates how long borrowers will take until they clear out their due balance. Long-term loans may have a repayment period lasting years, while short-term loans may have repayment terms lasting only a few weeks or days. Usually, the higher your loan amount, the longer your repayment terms will be. 

Monthly Payments 

Another impactful factor of your loan is going to be the monthly loan payments. While larger loan amounts typically come with corresponding high monthly payments and small loan amounts can have smaller payments, there are always exceptions. You may have the choice to opt for smaller monthly payments on a larger loan to make your monthly payments more affordable. However, if you decide to go this route, keep in mind that you may end up paying extra interest rate charges. You may also opt for large monthly payments when you have a small loan amount if you want to pay off your balance quickly and save money on interest. The most important aspect of your monthly payment to consider is how affordable they are. Affordable monthly payments are key if you want to maintain a healthy payment history and avoid penalty charges.  

Fees, Penalties, and Additional Charges

When doing research for loans, it will also be helpful to ask about the kinds of fees and charges that will come with your loan. Some standard charges that come with most loans are origination fees and late payment fees. An origination fee is a type of underwriting charge that most lenders require in exchange for writing your loan contract. A late payment fee is a penalty charge lenders issue when a borrower fails to make a payment on their loan or submits their payment after its designated due date. While it’s pretty much impossible to get out of paying an origination fee, borrowers can easily avoid late payment fees by making timely loan payments. 

Other types of fees/charges you may come across in your loan research are early payment fees or balloon payments. An early payment fee is a charge some lenders impose on borrowers who attempt to pay off their entire loan early. A balloon payment is a large lump sum payment that is due at the end of some loan repayment periods. Early payment penalties and balloon charges can be easy to avoid when you work with the right lender. So, be sure to ask about all additional fees and charges included in funding when doing your loan research! 

Loans Like Integra Credit: What You Need To Know

Integra Credit is a Chicago-based loan company. Loan amounts for Integra Credit usually cap at $3,000, although this may change depending on the state in which you live. Furthermore, Integra Credit claims that your initial application will not affect your FICO® credit score. 

Integra Credit has a few qualification requirements, which are: 

  • Applicants/borrowers must be at least the minimum legal age to contract loans in their state (this age is usually 18).
  • Borrowers must have a valid bank account. 
  • Borrowers must have a valid email address. 
  • Lastly, borrowers must be a resident of the United States. 

Approved borrowers from the following states will receive Integra Credit branded loans funded by Transportation Alliance Bank, INC., doing business as TAB Bank. 

  • Arizona. 
  • Arkansas.
  • Florida.
  • Indiana.
  • Kentucky.
  • Louisiana. 
  • Michigan. 
  • Minnesota. 
  • Montana.
  • Nebraska. 
  • Ohio.
  • Oregon. 
  • South Dakota. 
  • Texas.

Approved borrowers from the following states will receive Integra Credit branded loans funded and licensed by the Integra Credit company. 

  • Alabama.
  • Alaska.
  • California.
  • Connecticut.
  • Delaware.
  • Georgia.
  • Hawaii.
  • Idaho.
  • Illinois.
  • Iowa.
  • Kansas.
  • Maine.
  • Maryland.
  • Massachusetts.
  • Mississippi.
  • Missouri.
  • Nevada.
  • New Hampshire.
  • New Jersey.
  • New Mexico.
  • New York.
  • North Carolina.
  • North Dakota.
  • Oklahoma.
  • Pennsylvania.
  • Rhode Island.
  • South Carolina.
  • Tennessee.
  • Utah.
  • Vermont.
  • Virginia.
  • Washington.
  • West Virginia.
  • Wisconsin.
  • Wyoming.

What Financial Products Does Integra Credit Offer?

Integra Credit offers several types of financial products, including bad credit loans, personal loans, installment loans, quick loans, and lines of credit. 

  • Bad Credit Loans: Bad credit loans were designed specifically for subprime borrowers who either have very low credit scores, no credit history, or a recent history of bankruptcy. When used responsibly, this type of funding can act as a credit builder loan and help subprime consumers improve their overall credit. However, since bad credit loans are meant for people who may not be the most reliable borrowers, these loans usually come with low funding amounts and high-interest rates. So, depending on the extent of your financial emergency, a bad credit loan alone may not be enough.
  • Installment Loans: An installment loan is funding distributed in a lump sum and paid back in monthly payments. Installment loans can come with either fixed or variable interest rates, depending on the individual lender. At Integra Credit, interest rates for installment loans are typically calculated using simple interest, which means the rate is based off of the current balance and not the entire cost of the loan. 
  • Personal Loans: Personal loans are a broad loan type with many different forms of funding under their umbrella. Consumers can use personal loans to take care of just about any financial expense. Some of the purposes Integra Credit lists for their personal loans are debt consolidation, life events, emergency loans, medical loans, moving, wedding loans.
  • Quick Loans: A quick loan, similar to a payday loan, is funding designed to provide borrowers with a low loan amount they can pay back within a few weeks or less. Also, like payday loans,  quick loans typically come with short repayment terms and very high-interest rates. To save money on interest charges, it may be in your best interest to pay off your loan ASAP. If this is not possible, you may want to be prepared to pay a little extra over the course of your loan. 
  • Lines of Credit: A line of credit, also referred to as revolving credit, works similarly to a credit card. With this type of funding, consumers have a predetermined credit limit that they may spend against during a single billing period. Unlike most traditional loans, borrowers are only charged interest on the amount of funding they actually spend instead of their entire funded amount. Once the billing period for a line of credit is up, the amount spent will be added to the borrower’s balance. It is also possible to keep a line of credit balance of $0 by paying off what you spent before your billing period ends. 

What Are My Other Options Besides Integra Credit Loans

Before you decide on which type of funding you want to go with, it’s important to know all your options. Below is more information on some loan types offered outside of Integra Credit loans. 

Payday Loans

A payday loan is a type of quick loan designed for consumers who need a bit of extra funding while in-between paychecks. Loan amounts for payday loans are usually relatively low because funds are meant to be paid back when the borrower receives their next paycheck. Payday lenders are also known for charging extremely high-interest rates, which puts borrowers at risk of falling into a cycle of debt if they don’t pay off their balance within about two weeks or less. The reason borrowers usually seek out this risky type of funding is because there are little to no qualification requirements, which allows just about anybody to receive approval for same-day cash. 

Credit Cards or Credit Card Cash Advances 

You may also be able to use your credit card to take care of your expenses. Paying with a credit card is best reserved for situations where you only need a few hundred dollars or less and have the means to pay off that balance within a few weeks or a month or so at most. 

If you need to pay for an expense in cash, you can also take advantage of a credit card cash advance. However, it’s important to note that the interest rates associated with credit card cash advances are normally higher than those associated with regular credit card purchases. 

Mobile App Payday Advances 

Borrowers may also receive payday advances through various mobile banking apps. Payday advance apps are similar to payday loans, given their relatively low funding amounts and high-interest rates. Mobile payday apps may also come with other requirements, such as: 

  • Minimum Bank Account Requirements: Many mobile payday advance apps require borrowers to have a valid and active bank account with at least $300 deposited. 
  • Minimum Credit Score Requirements: To avoid extending funding to irresponsible borrowers, mobile apps usually require borrowers to disclose their current credit scores.  
  • Minimum Income Requirements: All lenders, even mobile app lenders, want to know that borrowers have sufficient means to pay back their balance. 

With mobile app payday advances, borrowers will submit their bank account information so their lender can deposit funds directly into their bank account. Then, when the borrower receives their next paycheck, the lender will remove funds directly from their account. 

Employer Salary Advance

An employer salary advance is when an employer gives an employee a portion of their paycheck early. While it’s possible to get funds via an employer cash advance, keep in mind that this option should be reserved for extreme financial emergencies only and should not be your regular go-to when you need extra cash. 

Employer salary advances are also not guaranteed because employers may deny employees funding, even if they have a high credit score and a clean payment history. 

Auto Title Loans

Auto title loans, or car title loans, are one of the most common types of secured personal loans. The collateral required for car title loans is the borrower’s free-and-clear vehicle title. When a vehicle title is free-and-clear, this means that the car owner has completely paid off their vehicle. 

When borrowers are approved for car title loans, the lender will sign onto their vehicle title as a lienholder. Being a lienholder gives the lender partial ownership over the borrower’s vehicle during the repayment period for their loan. Usually, lenders allow borrowers to keep their vehicles while making payments on their loans but have the right to repossess them should borrowers miss a certain amount of payments or default altogether. 

Debt Consolidation Loans

Debt consolidation loans are funding designed to reduce the number of debt payments borrowers are making each month. If you have an exceptional amount of debt, you may benefit greatly from a debt consolidation loan. Furthermore, this type of funding can also help borrowers save money on interest rate charges since they are being charged interest on just one loan instead of several. 

To make the most of a debt consolidation loan, first, calculate the total amount of debt you have. Then you can work towards finding a loan amount that will cover that total amount. Depending on the severity of your debt, you may even be able to get approval for a loan amount that can cover your existing debt and provide you with extra funds as well. 

Home Equity Loans or Home Equity Lines of Credit 

A home equity loans are a type of secured loan that uses the borrower’s home as collateral. Since the equity in a home or piece of property is usually quite high, funding amounts for home equity loans are also usually quite high. However, keep in mind that home equity loans are often considered high-risk loans since the borrower faces the possibility of losing their home if they default. 

A home equity line of credit is similar to a home equity loan in that it uses the borrower’s home as collateral. But, being a line of credit, home equity lines of credit also function similarly to a credit card. 

Business Loans

Loans are also available for business/company owners who are looking to pay for business-related expenses. Some common uses for business loans are paying for: 

  • Payroll. 
  • Merchandise/inventory.
  • Brick-and-mortar store location costs (rent, maintenance, etc.). 

Credit Union Loans

A credit union is a non-profit financial institution that provides loans and sometimes other financial services for its members. Some consumers may be able to use credit unions similarly to a bank since they often offer checking and savings accounts. But keep in mind that in order to utilize loans or services from a credit union, you will have to become a member first. 

Bank Loans 

Banks are traditional financial institutions that offer loan products like mortgages, auto loans, credit cards, and personal loans to borrowers. Banks can also offer other financial services like checking accounts, savings accounts, investment accounts, etc. However, since banks are traditional lenders, they are usually quite strict about whom they accept for loan funding. Unless you have a high credit score, clean payment history, and a credit history free of bankruptcies, you may not want to even waste your time applying for a bank loan.  

Asking a Family Member or Friend for a Loan

Wondering what to do if you can’t get a loan? Thankfully, there are several non-loan alternatives consumers can turn to. The first is asking a trusted friend or family member to lend you the funds you need. Getting a loan from friends or family can be a great way to save money on interest rates, origination fees, and other charges associated with a traditional loan. 

However, it’s important to establish a firm payback plan when you borrow cash from friends/family. Being in financial limbo with someone you care about may result in unnecessary tension that can cause damage to your personal relationships. 

Clean Up Your Budget 

You may also find that just cleaning up and organizing your budget is enough to free up some extra cash for your expenses. With digital and mobile banking becoming so popular, it’s easy to spend blindly and not really realize how much of your income you are wasting on unnecessary expenses. By looking at your budget with a critical eye, you may be able to identify habits or behaviors you can avoid to save money. 

For example, if you notice you tend to spend too much money at the grocery store, consider making a list before you go and strictly sticking to that list. Or, if you have your credit card information saved on your phone or computer, consider removing it. Sometimes the act of getting out your card and punching in the numbers provides enough time for you to reconsider your potential purchase and decide it isn’t really necessary. Where if your card information was saved, you might have found yourself impulsive purchasing with that one easy click. 

Get an Additional Source of Income 

Another way to earn extra cash is to acquire an additional form of income. If you have the funds and the time to spare, you may consider investing your money in stocks or real estate. Keep in mind that these options are considered high-risk and may take time. They are also not guaranteed to provide you with funding at all. 

A more surefire way of earning extra cash may be to get an additional job. Depending on how much free time you have, you may consider getting a second full-time job, a temporary part-time job, or a remote position you can do from home. 

Have a Garage Sale 

You can also sell items you have around your home that no longer have a place in your life. Think about your daily life and the things around your home you utilize each day. Chances are there are clothes, decor, or appliances that you don’t really need or use anymore. Instead of having those items take up space and act as clutter around your home, sell them for a profit! You may find that selling some of your old junk is enough to provide you with enough cash to take care of your expenses! 

If you want to keep all your profits, you may consider hosting your own garage sale or posting your items on Facebook Marketplace. If you don’t mind a third party taking a cut in exchange for selling convenience, you may consider websites like eBay, Amazon, or Craigslist. 

CreditNinja: How Does It Compare?

CreditNinja has been proud to offer personal installment loans since 2018. In about half a decade, CreditNinja has managed to help over 275,000 people get essential funding during a financial emergency. 

Below are just a few of the perks borrowers can enjoy when they pick CreditNinja: 

  • Streamlined Process – CreditNinja is proud to offer a convenient online loan funding process. However, should you want help or have questions about your loan, you can always easily call CreditNinja directly to speak with a loan agent.  
  • Fast Funding – CreditNinja knows that when you’re going through a financial crisis, you need money now. That’s why we won’t waste your time with lengthy application meetings or other unnecessary obstacles that stand in the way of you and your loan.
  • Flexible Terms – Feeling comfortable with your monthly payments is important. That’s why offering borrowers terms that fit with their financial situation is a priority for CreditNinja. 
  • Bad Credit OK – If you have a poor credit history, you know just how difficult it can be to find affordable funding during a financial emergency. CreditNinja wants to be a better alternative than the predatory lenders bad credit borrowers are usually left with. Borrowers with all types of credit scores are encouraged to apply with CreditNinja! 
  • Competitive Rates – CreditNinja installment loans use industry-wide competitive rates to help connect borrowers to affordable funding. 
  • No Prepayment Fees – CreditNinja wants borrowers to have the freedom to make payments on their loans as early as they’d like. That’s why we don’t charge early payment penalties, balloon payments, or other hidden fees. 
  • Excellent Customer Service – CreditNinja has a staff of knowledgeable loan agents who are qualified to help you with your funding needs.   

How Will CreditNinja Personal Installment Loans Affect My Credit?

Being responsible with your CreditNinja personal installment loan has the potential to improve your financial situation and possibly boost credit. Improving your credit score may help you find an approval for a wider variety of financial products, higher loan amounts, and lower interest rates in the future! 

There are five main categories major credit bureaus look at when compiling credit reports and determining credit scores. Those categories are:

  • Payment history. 
  • Current debt. 
  • Hard credit inquiries. 
  • Credit mix. 
  • Length of credit history. 

Below is more information on the five financial categories that make up consumer credit scores. 

Payment History

Your payment history is by far the most impactful factor that can influence your credit score. How timely you are with making your monthly payments on all debt (loans, bills, etc.) makes up a whopping 35% of your credit score! Furthermore, missing just one payment on a loan or bill has the ability to negatively impact your credit for up to seven years. 

To stay on top of your payment history for your loan, try the following tips: 

  • Sign-up for Autopay – Automatic payments, or autopay, gives your lender permission to take funds directly from your bank account on the due date of your monthly payment. Autopay ensures that you will always make timely loan payments without having to remember to manually submit each one. However, it is important to make sure you have enough funds in your bank or checking account to avoid overdraft fees or insufficient funds fees. 
  • Pay More Than Your Minimum Amount Due – If you have the spare room in your budget, try to make higher payments than your minimum amount due each month. Paying more than your minimum monthly payment will not only help you pay off your loan faster (contributing to the improvement of your debt-to-income ratio), but it may also help you save money on interest rate charges. The amount of interest you pay each month is typically based on your current loan balance, so the smaller your balance is, the less there is to charge interest on! 

Debt-to-Income Ratio (DTI)

Your debt-to-income (DTI) ratio refers to how much debt you currently have compared to your income. Your DTI contributes to 30% of your credit score. Factors that make up your total debt include loan balances (personal loans, student loans, etc.), credit card balances, or past-due bills. Factors that make up your income include the paycheck you receive from your employer, any investments or stocks you have in your name, or any other assets that bring in income on a regular basis. 

Ideally, you would want your recurring income to outweigh your existing debt, but this is not the case for most Americans. Instead, credit bureaus recommend that you keep your DTI at no higher than 35%.  

Hard Inquiries Into Credit

As discussed, credit bureaus and financial institutions keep track of how often consumers apply for loans or lines of credit. While there are some loans that do not request hard credit inquiries, these types of loans are often predatory or come with major inconveniences like low funding amounts, high rates, or short repayment periods. Hard credit inquiries make up 10% of your credit score. 

Mix of Credit Accounts

The different types of financial accounts you also have impact credit. Credit bureaus usually like to see when consumers have a healthy combination of financial accounts, with good debts outweighing bad debts. Good debts are loans that help borrowers in other ways besides just providing funding. For example, student loans and mortgages are both forms of good debt since student loans are used to pay for an education, and mortgages are used to pay for a home or real estate property. Bad debt offers borrowers nothing but funding, usually at a high-risk. Payday loans are a common example of bad debt. Mix of credit accounts makes up 10% of your credit score. 

Length of Credit History

The sooner you start establishing a financial history, the more your credit score will benefit! How long you have had open and active financial accounts contributes to your credit score. This factor is why it is so common for parents to open bank accounts for their children. It is also why you should try not to cancel credit card accounts, especially if they are your oldest financial account on file. Length of credit history makes up 15% of your credit score. 

How Do CreditNinja Personal Loans Work?

Think a personal installment loan from CreditNinja is the right choice for you? Great! Check out the step-by-step guide below on how the process works! 

To begin, click the “Apply Now” button on the CreditNinja homepage. This will bring you to the initial application form. Here you will fill in some basic information about yourself, such as your full name, phone number, email address, income, and desired loan amount. 

Once your information is approved, you can send in your documents. The core documents CreditNinja requires are: 

  • Government-issued Photo ID – Proving your identity is vital for loan approval. You can show proof of ID with documents like a driver’s license, passport, state-issued ID, or military ID. 
  • Proof of Income – We also need to ensure you have sufficient means to repay your loan balance. To prove income for a personal loan, you can submit documents like an employer paystub, tax documents, bank account statements, or even a letter of employment.
  • Proof of Residency – Confirming where you live helps ensure you are getting paired with appropriate loan amounts, products, terms, rates, etc., that are in accordance with your state’s laws. You can prove your residency with documents like a lease agreement, mortgage statement, or simply a utility bill with your name and address on it. 
  • Bank Account Information – Once approved, CreditNinja will connect you to your funds via direct deposit. In order to get your loan delivered directly to your checking account, all you have to do is submit your bank account number and routing number! 

That’s it! To help move your funding process along even quicker, it may be a good idea to gather these documents before you start your initial inquiry form. 

After CreditNinja has processed your documents, you can sign your contract and get paid! We will send you your loan contract to sign electronically, but again, you can always reach out to speak with a loan agent directly if you need anything clarified. Upon approval, you can expect your funds in your bank account as soon as the very same or the next business day!* 

Who Should Pick a Personal Loan From CreditNinja?

CreditNinja personal installment loans are for anybody who is looking to take care of a financial emergency. Whether you have good or bad credit, CreditNinja wants to help you overcome any obstacles standing in the way of your and your financial freedom. 

In addition to personal installment loans, CreditNinja also has financial tools and informational blogs available to everybody for free! Learn about different types of loans, how to calculate your debt, handle your finances responsibly, and more! 

If you are looking to borrow money but don’t want to jump through hoops or deal with the hassles that can come with many traditional lenders, consider CreditNinja! 

*Applications approved before 10:30 a.m. CT Monday-Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case the loan, if approved, will be funded the business day after such additional verification is completed.

References: Integra Credit