
Credit Direct
Would you recommend Credit Direct to your friends?
Community Rating | Strongly recommended |
APR (Fixed APR) | N/A |
Loan Amount | $5,000 - $40,000 |
Loan Term (Months) | Up to 60 months |
Number of Reviews | 6 |
Credit Direct Review
Credit Direct is offered by Delmarva Funding LLC, a direct lender founded in 2012 and based in Rockville, MD. Credit Direct are available in 13 states across the USA.
Key Takeaways
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- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at Delmarva Funding LLC with a soft pull that will not affect your credit score.
- No origination fee. Credit Direct does not charge a loan origination fee.
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 but they do not disclose their interest rates.
How much can you borrow via Credit Direct?
Personal loan amounts start at $5,000and 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 | $5000 - $40000 |
Loan Term | up to 60 months |
APR | N/A |
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, go with lenders that don’t charge origination fees.
Does Credit Direct charge a late fee?
No, Credit Direct will not charge you a late fee if you miss one of the monthly payments of up to $15, which is triggered if you're 15 days late.
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?
Applicants with a credit score of at least 580 and up to 850 may be eligible for Credit Direct. The minimum age to be eligible is 18 or the state minimum, whichever is higher.Credit Direct does not have or does not disclose a minimum annual income eligibility requirement. Credit Direct only considers borrowers who are employed.
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 Credit Direct. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Credit Direct.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license
- 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 |
Credit Score | 580 - 850 |
What is the estimated funding time for a personal loan via Credit Direct?
Credit Direct will typically approve (or deny) a loan application within 24 hours and fund loans within 3 business days of approval.
Does Credit Direct report your account activity to credit bureaus?
Yes, Credit Direct 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.
Are Credit Direct legit?
Delmarva Funding LLC was founded in 2012, it is a well-established company with approximately 2 employees that has been in business for 11 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.
Contact
- Headquarters
-
9201 CORPORATE BLVD
#110
Rockville, MD 20850 USA - Visit Site
- Email Support
About Credit Direct
Availability
- Alabama
- Arizona
- Arkansas
- California
- Florida
- Indiana
- Louisiana
- Maryland
- North Carolina
- Oklahoma
- Pennsylvania
- Texas
- Virginia
Feature Breakdown
Late Fee Amount | Up to $15 |
Late Fee Grace Period | 15 days |
No Origination Fee | |
No Prepayment Fee |
Credit Direct Community Reviews
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