MoneyKey is an online direct lender in the following states: Idaho, New Mexico, Wisconsin, Tennessee, Mississippi, Delaware, Kansas, Missouri, and Utah.
One may also ask, what is a direct installment loan?
Online installment loans, where available, allow you to borrow larger amounts of money, often at lower interest rates, and pay them back in multiple payments over time.
Beside this, what are the best installment loans online?
Best installment loans of 2021
| Lender | Est. APR | Loan term |
|---|---|---|
| Marcus by Goldman Sachs | 6.99%–19.99% (with autopay) | 3–6 years |
| LendingClub | 8.05%–35.89% | 3 or 5 years |
| Upstart | 7.86%–35.99% | 3 or 5 years |
| LightStream | 2.49%–19.99% (with autopay) | 2–12 years |
How do I get a loan from a direct lender?
How Direct Online Loans Work?
- You Apply. The lender will require you to apply, usually through a fast online application process. …
- The Lender Makes a Decision. Once you’ve submitted your application, they’ll decide whether to approve you for a loan. …
- You Receive the Funds.
Is MoneyKey com legit?
MoneyKey is an online direct lender that provides short-term, unsecured credit products through a safe and secure platform, and we aim to make the application process simple and convenient. For more information, please visit our website at: https://www.moneykey.com/about/.
What are examples of installment credit?
Installment credit is simply a loan you make fixed payments toward over a set period of time. The loan will have an interest rate, repayment term and fees, which will affect how much you pay per month. Common types of installment loans include mortgages, car loans and personal loans.
How do you get approved for installment loans?
How Do I Qualify for an Installment Loan?
- Steady source of income.
- valid checking account.
- Working telephone number.
- Valid ID showing you meet the minimum age requirements.
What is an installment loan example?
Common examples of installment loans include mortgage loans, home equity loans and car loans. A student loan is also an example of an installment account. Except for student and personal loans, installment loans are often secured with some collateral, such as a house or car, explains credit card issuer, Discover.
Does MaxLend check credit?
Credit Report, Credit Score and Impact
Uetsa Tsakits, Inc. d/b/a “MaxLend” is a lender and evaluates your information to determine if you qualify for a loan. Lenders that review your information often use 3rd party credit reporting agencies to evaluate your information and determine whether to offer you a loan.
What is Max lend?
MaxLend is an online tribal lender that offers small, short-term installment loans of up to $3,000 — if you’re a returning customer. New customers may apply to borrow up to $1,500. … Loan funds may be available in as little as one day and don’t require collateral or good credit.
Can online cash advance sue you?
If you don’t repay your loan, the payday lender or a debt collector generally can sue you to collect. If they win, or if you do not dispute the lawsuit or claim, the court will enter an order or judgment against you. The order or judgment will state the amount of money you owe.
Can I get a loan with a 420 credit score?
A 420 credit score is a bad credit score, unfortunately, as it’s a lot closer to the lowest score possible (300) than the highest credit score (850). … As a result, a 420 credit score will make it difficult to qualify for a loan or unsecured credit card.
What is the easiest loan to get with bad credit?
Payday loans
What are the best bad credit installment loans?
Overview of the best installment loans for bad credit
| Lender | Best for | APR |
|---|---|---|
| Avant | Quick application | 9.95% – 35.99% |
| OppLoans | Credit scores below 500 | 99% – 199% |
| LendingPoint | Quick funding | 9.95% – 35.99% |
| Upstart | Short credit history | 6.18% – 35.99% |