FAQ

/FAQ

Here’s some food for thought, our Frequently asked questions to help make a smart and knowledgeable decision:

Personal loans have been a financial tool longer than credit cards was ever an option.

Applying online with an easy and fast funding process, bring the shine back to personal loans.

Easy Loan simplified the process and with open mind set to help almost any person that seeks a financial solution in the immediate future.

Call us today for more info!

We have established a formula to determine whom to lend to and at what rate. This process is known as underwriting. Typically, our team will look at many factors including your credit history, your current debt-to-income and your expenses in assessing your creditworthiness.

Interest rates are proportionate to risk.  Based on our own underwriting process, Easy Loans Team will assess each borrower’s risk of defaulting. The lower the risk, the lower the rate the lender will offer. Lenders also look to make a profit on the loans they make, so the interest rate includes both the cost of the risk and the cost of servicing the loan.

The interest rate of a loan is the amount of money you are charged for borrowing money.  Interest is applied in a regular balance to the outstanding principal on your loan. This does not include an origination fee, or any other fees charged. The APR is a rate intended to include all fees, so you can more easily compare loan offers from different lenders who may have different fees for their loans.

Yes, Easy Loan offers loans to borrowers with no credit score. Traditional lenders do not lend to people without credit because they don’t know how to evaluate their creditworthiness.

Each lender will have a slightly different application process. Almost all lenders will ask for your name, address, and social security number, which is used to run a credit check. Depending on the type of loan and lender, you may need to show pay stubs, tax returns, and must beat least 18 years old, legal resident with valid government issued ID and have a checking account.

For all other questions and inquiries please give us a call, and of our team members will be able to assist you further!