in Auto Loans
Strongly not recommended
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Where does Peak Acceptance do business?
Peak Acceptance is based in Dallas, TX. It was founded in 2008 and offers auto loans in 1 state across the USA.
How much can you borrow via Peak Acceptance?
Peak Acceptance auto loan amounts start at $5,000 and go up to $50,000.
What APR does Peak Acceptance offer on its auto loans?
Peak Acceptance offers a fixed APR auto loan product up to 10% 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 Peak Acceptance?
Peak Acceptance has auto loans with terms ranging from 12 to 60 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 loan, the more interest you will pay.
Does Peak Acceptance charge an origination fee?
Yes, Peak Acceptance may charge a loan origination fee.
Does Peak Acceptance charge a late fee?
Yes, Peak Acceptance charges borrowers with a late payment penatly fee
Does Peak Acceptance charge prepayment fees?
Yes, Peak 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.
What do you need to qualify for a loan with Peak Acceptance?
Applicants with a credit score of at least 300 can apply for a loan via Peak Acceptance. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
What is the estimated funding time for an auto loan via Peak Acceptance?
Peak Acceptance will typically approve (or deny) an auto loan application within 72 hours and fund the loan within 7 business days of approval.
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|Credit Score Range||
300 - 700
850 300 700
|Immigration Status Considered||
|Employment Statuses Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $50K|
|Loan Term (Months)||12 - 60|
|APR (Fixed APR)||Up to 10%|