Credit Direct

Credit Direct Review

Credit Direct is offered by Delmarva Funding LLC, a direct lender founded in 2012 and based in Rockville, MD. Credit Direct is available in 13 states across the USA.

Key Takeaways

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• Fast access to funds. In some cases, you can 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
$0 prepayment fee. Loan options with $0 origination fee. Considers applicants with fair credit. Funding available within 3 business days.	Charges a late fee of up to $15.

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 fees does Credit Direct charge?

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 are, of course, eligible for the services offered by Credit Direct. Permanent resident / green card holders are also eligible to apply.

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

Credit Direct Eligibility Criteria

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.

Is Delmarva Funding LLC a legit company?

Delmarva Funding LLC was founded in 2012, it is a well-established company with approximately 2 employees that has been in business for 10 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.