Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
APR (Fixed APR)
6.99% - 29.99%(Verified 06/21/2024)
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Amount Range
$1,000 - $40,000
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Loan Term (Months)
Up to 60
Number of Reviews
Credit Direct Personal Loans Review
Credit Direct Personal Loans is offered by Credit Direct, a direct lender founded in 2012 and based in Frederick, MD. Credit Direct are available in 14 states.
Key Takeaways
- APRs starting at 6.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Credit Direct Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, Credit Direct will send the money in as little as 24 hours.
- Prequalified rate. You can check your prequalified rate at Credit Direct with a soft pull that will not affect your FICO or VantageScore.
- No origination fee. Credit Direct Personal Loans does not charge a loan origination fee.
- Coborrower applications accepted. Applying for Credit Direct Personal Loans with a coborrower who has better credit than you could improve your chances of approval and may help you qualify for lower interest rates.
Credit Direct Pros & Cons
| Pros | Cons |
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Credit Direct FAQ
What interest rates and personal loan terms does Credit Direct offer?
Credit Direct has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Credit Direct offer?
Credit Direct offers a fixed APR personal loan product that ranges from 6.99% APR up to 29.99% APR.
How much can you borrow via Credit Direct?
Personal loan amounts start at $1,000 and go up to $40,000
What is the maximum loan term you can get with Credit Direct?
Credit Direct offers loans with terms of up to 60 months.
| Personal Loan Amount | $1000 - $40000 |
| Loan Term | up to 60 months |
| APR | 6.99% - 29.99% |
What fees does Credit Direct charge?
Does Credit Direct charge an origination fee?
Credit Direct does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Credit Direct charge a late fee?
Yes, Credit Direct may charge a late payment fee if you miss one of the regularly scheduled payments of up to $15.
Does Credit Direct charge prepayment fees?
No, Credit Direct does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | up to $15 |
What do you need to qualify for Credit Direct Personal Loans?
Applicants with a credit score of at least 580 and up to 850 may be eligible for Credit Direct Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Credit Direct Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by Credit Direct Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | 580 - 850 |
What is the estimated funding time for a personal loan via Credit Direct?
Credit Direct will typically fund loans within 1 to 3 business days of approval and clearing necessary verifications.
Does Credit Direct Personal Loans report your account activity to credit bureaus?
Yes, Credit Direct Personal Loans reports to the following credit bureaus:
- 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 build your credit.
Does Credit Direct perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Credit Direct allows you to check your rates with a soft credit pull.
Are Credit Direct Personal Loans legit?
Credit Direct was founded in 2012, it is a well-established company that has been in business for 14 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
Credit Direct Personal Loans Disclosure: See Lender website for current rates and terms.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
Credit Direct Personal Loans Community Reviews
Would you recommend Credit Direct Personal Loans to your friends?
CO
Chizobam O.
Dec 5, 2022
May or may not recommend
It provides you with different loan ranges to select from ($5,000 to $47,500). A 24-hour approval time frame, if your credit score isn't the best the option of applying with a cosigner is available which is a game changer. Some of the cons are not being available in some states and not a lot of information online is provided. Apart from those few setbacks, this is an amazing bank and ...Show More
RM
Rasheed M.
Nov 29, 2022
May or may not recommend
I would highly recommend Credit Direct. WHY? as important as loans may be, sourcing it from a reliable and fast company is the best. It allows up to $40000 with no originating fee or prepayment fee alongside releasing the fund in no time is a great plus above all others. As long as the terms and condition are met, its wonderful dealing with them. Nothing more to ask for in ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Yes I would recommend Credit Direct because their rates and terms are clear, very good customer service, their representatives are ready to help. They offer grace period of late
fee as well which is a bonus
Sana F.
Sep 28, 2022
May or may not recommend
Yes I would recommend Credit Direct because their rates and terms are clear, very good customer service, their representatives are ready to help. They offer grace period of late
fee as well which is a bonus.
Truelove G.
Jul 30, 2022
May or may not recommend
This company offers a fast payout and a 15 day late fee free period, to help you get started with paying off large debts
GM
Gabriel M.
Jul 22, 2022
May or may not recommend
I received my money fast and fill out the application was easy.
Showing 6 of 6 reviews
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