Flagship Credit Acceptance Review

Flagship Credit Acceptance is offered by Flagship Credit Acceptance LLC, a direct lender founded in 2006 and based in Chadds Ford, PA. Flagship Credit Acceptance is available in 48 states (and Washington, DC).

How much can you borrow via Flagship Credit Acceptance?

Flagship Credit Acceptance auto loan amounts start at $7,500 and go up to $45,000.

What APR does Flagship Credit Acceptance offer on its auto loans?

Flagship Credit Acceptance offers an auto loan product up to 36% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Flagship Credit Acceptance?

Flagship Credit Acceptance has auto loans with a maximum term of 78 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Flagship Credit Acceptance charge an origination fee?

Yes, Flagship Credit Acceptance may charge a loan origination fee.

Does Flagship Credit Acceptance charge a late fee?

Yes, Flagship Credit Acceptance charges borrowers with a late payment penatly fee

Does Flagship Credit Acceptance charge prepayment fees?

Yes, Flagship Credit Acceptance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Flagship Credit Acceptance loan?

Yes, you can. However, Flagship Credit Acceptance LLC charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Flagship Credit Acceptance?

Flagship Credit Acceptance does not have or does not disclose a minimum annual income eligibility requirement. Flagship Credit Acceptance only considers borrowers who are employed. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Flagship Credit Acceptance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Flagship Credit Acceptance. Permanent resident / green card holders are also eligible to apply. An uncommon feature is for lenders to offer their services to non-residents. Flagship Credit Acceptance LLC is one of the few that does. If you are a non-resident looking to access these services through an entity incorporated in the U.S., you are in luck. Flagship Credit Acceptance will consider you for their services.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity

Does Flagship Credit Acceptance report your account activity to credit bureaus?

Yes, Flagship Credit Acceptance reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.