Frequently Asked Questions
What is unsecured funding
Unsecured funding is a loan that doesn't require an asset or collateral. Pre-Approval is solely based on your credit scores and verifiable income.
How quickly can I secure funds
Funds are typically direct deposited as CASH, within 7 days of pre-approval
What are the interest rates & terms for this loan
Interest rates start as low as 6% ; So the stronger your scores, the closer you can get to a 6% rate. Our terms range from 3, 5 or 7 years. Both are determined by the lender.
Why do you charge a 15% success fee
We will never ask for any collateral, a down payment or charge upfront fees... that's just bad business. As a matter of good faith in getting the total amount of funding you've requested, we in turn only charge a 15% success fee. The best thing is, the fee is rolled into the loan and therefore YOU do not have to come out of pocket for this loan... your verifiable income and credit scores allow this. In addition to the aforementioned, your 15% also pays for 3 attorneys, who are NEGOTIATING with the lenders on your behalf, to ensure you get the best rate and terms. Also, if you decide to use your funding for business purposes, you can use the fee as a One-Time, Tax Deduction. Awesome Right?!!
Why is there a possibility of multiple rounds of funding
We will always work towards funding your entire REQUESTED AMOUNT, within the 7 business day timeframe. However, one lender may want to ONLY take on a portion of your request. So what takes place when that occurs? We then process your request in multiple rounds and tap into our network of over 230 Lenders - ultimately allowing us to split your request among multiple lenders - in order to achieve your TOTAL FUNDING REQUEST.
What do I need to get started
We only ask that you have the following 3 things, to get started in seeing if you pre-qualify for funding:
- 680 Credit Score (or higher) for each credit bureau
- Are CURRENTLY employed and can provide a w2 or 1099 to verify your income
- You can show an annual income of $30,000 (or more)
What if I am Self Employed
You may still pre-qualify for funding; however, please note that we DO NOT provide business funding. Although you may use this to fund your business, pre-approvals are based on your PERSONAL CREDIT PROFILE. In addition to the score and $30,000 annual income, you must also provide the last 2 years of 1040 Tax Documents
If I pre-qualify for funding, What documents do I need to provide
- Color copy of your current Driver's License
- Color copy of your Social Security card
- The most recent tax filing year's w2
- 3 Month's Bank statements
- 1 Full month of payroll stubs (add previous month if paid monthly)
- Voided check or official Bank Letter
- Completed application and agreement
Why should I use you first before going to another lender
On this platform, we have a 98% approval rating. We have that score because we take the time to ensure that anyone interested in this funding is a GREAT match before taking them thru the funding process. Furthermore, if you do complete the entire process and are declined for funding, you can walk away knowing that you won't be assessed ANY HARD INQUIRIES on your credit report. The only time we attach an inquiry, is if you are APPROVED for funding AND ACCEPT the funds into your checking account.
How do I get the funding process started
First, you must get PRE-QUALIFIED. The pre-qualification process is quick and easy. This process is used to give us a glimpse into your credit profile and to confirm your credit worthiness, without asking for any personal information. Once we confirm that you are a good fit for this funding solution, we will give you a call to inform you of the next steps.