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Credit Direct
Credit Direct auto loans 2023 review published 2023-01-01-01 at 00:00:00
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the details of using loans to buy an automobile.







The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are committed to helping readers gain the confidence to take control of their finances through providing concise, well-researched and well-studied content that breaks down otherwise complex topics into manageable bites.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by offering interactive tools and financial calculators as well as publishing high-quality and impartial content, by enabling users to conduct studies and compare information for free to help you make sound financial decisions. Bankrate has agreements with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The deals that are advertised on this website are provided by companies that pay us. This compensation can affect the way and where products appear on this site, including, for example, the order in which they may be listed within the categories of listing, except where prohibited by law. This applies to our mortgage, home equity and other home loan products. However, this compensation will affect the information we publish, or the reviews you see on this site. We do not contain the vast array of companies or financial offers that may be accessible to you.




Reviewer's disclosures Reviewers are supervised by staff. Opinions expressed therein are solely the opinions of the reviewer and have not been reviewed or accepted by any advertising company. The information, including rates and fees provided in the review are accurate up to the date when the review first appeared. Review the data in the upper right hand corner of the page and the lender's site for the most up-to-date information.








At a glance 4.0 Rating 4 stars out five
Bankrate Score

Rating of Availability: 3.5 stars out of 5
The Affordability Score: 3.4 stars out of five
The Customer Service Rating is 3.8 stars out of five
Transparency Rating Five stars from five.


Compare rates on auto loan rates

About Credit Direct Loan amount $1,000 to $40,000
Min. credit score Unspecified
APR from 5.99%-29.99%
Funds are available within 48 to 72 hours



Credit Direct pros and cons The credit direct personal loans for purchases of cars are available to borrowers with different financial backgrounds, and you can get prequalified and not affect your credit score. But, they're restricted to a few states.
PROS Flexible loan amounts
No hard inquiry
Range of acceptance criteria

CONS is only Available in the 11 US states
Small maximum loan amount





Credit Direct is a personal loan marketplace that lends both direct and via its trusted partners to borrowers who are who are looking for loans. The vehicle purchase loans provided by Credit Direct have a lower minimum loan amount than most of the other lenders, making them ideal for those who want to finance a less costly purchase. The loans are unsecured, meaning that the interest rates offered are usually a little higher.
Do you qualify? Credit Direct doesn't specify eligibility criteria on its website or over the phone. However, it states that all borrowers in the range in credit score are able to apply. You might be approved if you score falls between 500 to 600. It is also necessary to have a steady, verifiable source of income that permits you to pay on time monthly payments. What we love and what don't like Consider the risks and advantages of the loan that is made through Credit Direct brings.
What we like Flexibility drivers can get loans of as little as $1000 -- perfect for buying a car in poor condition to purchase parts. In addition, you'll be able to have the car for free since it's being . A no-hassle inquiry can view potential rates and terms without needing to submit an actual credit test. Range of acceptance criteria: Credit Direct uses underwriting criteria which take more than credit history into account. We are not happy with the lack of state availability: Credit Direct's personal loans are only available across 11 states. The maximum loan amount: A loan amount of just $40,000 won't even meet the minimum that surpassed $48,000 by the latter half of 2022. How to contact Credit Direct Credit Direct offers limited support 24 hours a day via its call center , 866-414-4198. The full service is offered during its normal business hours from 9 a.m. to 6 p.m. ET Tuesday through Thursday, and 9 a.m. until 5 p.m. ET for Fridays.
Auto loan varieties available Credit Direct provides personal loans which are used to purchase new or used cars.

Loan quick facts Amounts: $1,000-$40,000 Terms: 12-60 months APR: 5.99%-29.99%


Credit Direct offers personal loans to repair or purchase vehicles. A car purchase personal loan from Credit Direct can be used to finance the purchase of your next car or buy another to replace parts. In contrast to a typical auto loan, by the car you're buying. Its minimum loan amount is less than the majority of other auto loan service providers, so that you don't need to borrow more than you'll need. Also, you'll have the option to transfer your funds to the dealership you prefer. How to apply for an loan through Credit Direct The application process is completely automated through the Credit Direct site and takes just a few minutes, with no inquiry. Based on Credit Direct's Credit Direct website, the process is simple, and you can receive funding as soon as 48-72 hours with direct deposit. Choose the loan amount. Complete the online form with all the necessary information to check the expected rate. View loan options. In just a few minutes, Credit Direct will present you with varying loan options to review. Pay close attention to APR and terms. Sign and accept. If you feel that the loan offers meet your needs then you can sign the paperwork directly online. Receive the money. In the end, you will receive the funds through direct transfer.
Information required for the application: Social Security number and vehicle information Loan amount Two months of bank statements One month of pay stubs. Most recent W2 Government ID


Credit Direct FAQs
Are you sure that Credit Direct a direct lender or does it issue loans through third-parties? Credit Direct both originates personal loans and relies on its lender network to assist customers in finding the most affordable deal.



Are you able to use a co-signer when applying using Credit Direct? Yes, co-signers may be added to loan applications to aid in determining whether you get more favorable conditions.



Does Credit Direct do a hard pull? A hard credit check is only required when you agree to an offer for a loan offer and proceed by submitting a formal application. However, you can view potential rates by not affecting the score of your credit.



How Bankrate rates Credit Direct
Overall score
4.0
Availability
3.8
Credit Direct only offers loans in 11 states. The low maximum loan amount is compensated by flexible terms as well as a tiny minimum amount.
Affordability
3.4
Credit Direct scores decently due to its flexible underwriting criteria however, it has a high APR when compared with competitors.
Customer experience
3.6
While there is limited 24/7 customer support via the call center customers are able to get full support during working hours.
Transparency
5.0
Credit Direct discloses expected rates as well as terms, as well as encourages applicants to prequalify.


Methodology Bankrate considers 18 data points when choosing the best auto loans. Criteria for acceptance, whether charges and rates are available and the range of APR all affect lender scores. These scores are split into 4 categories. Accessibility: Loan amounts and repayment options, dealership requirements, and availability in the state all contribute to this category. Accessibility: This section includes APR ranges, acceptance criteria, fees and discounts. Customer experience: The length of time you'll need to shop for, the customer service hours as well as whether an app is available and autopay availability are accounted by this category. Transparency: This category accounts for the availability of rates and fees as well as whether or not prequalification is offered.
Editorial disclosure: All reviews are prepared by Bankrate.com staff. The opinions expressed are solely the opinions of the reviewer and have not been reviewed or acknowledged by any advertiser. The information, including rates and fees that are included in the review is accurate up to the date of the review. Look over the information at the top of this page and the lender's site for the most up-to-date details.




Written by
Rebecca Betterton
Auto Loans Reporter


Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the details of borrowing money to purchase a car.
Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are enthusiastic about helping readers gain the confidence to manage their finances by providing clear, well-researched facts that break down otherwise complicated topics into bite-sized pieces.






Auto loans editor










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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the promotion of sponsored goods and services or for you clicking certain links posted on our website. This compensation could influence the manner, place and in what order products appear within listing categories, unless the law prohibits it for our mortgage or home equity products, as well as other home loan products. Other elements, such as our own website rules and whether a product is available in your region or within your personal credit score can also impact how and where products appear on this site. Although we try to provide an array of offers, Bankrate does not include information about each financial or credit item or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
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