Credit9 Lending is a loan company that provides tailored financial services, such as home loans, auto loans, and student loans, with three websites for customers to explore and three companies to evaluate. They are committed to providing professional, friendly, and transparent services.
Best Debt Consolidation Reviews of 2024
5/5
(833) 863-1140
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
4/5
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
What Credit9 Lending Is All About
As we browsed their website and read their terms and conditions, we found some interesting and helpful things. Here are a few highlights:
- An APR of 4.99% to 24% is available.
- All loans are made available through Credit9 LLC by Cross River Bank.
- Founded in Delaware, Credit9, LLC is a limited liability company.
- Origination fees are 2.5%.
- Those loans with low-interest rates or over $35,000 are likely to be brokered.
- Depending on credit determination and state law, loan amounts, APRs, and terms may vary.
Taking Advantage Of Credit9 Lending: How Does It Work?
Credit9 Lending is a trustworthy lender with an A+ rating from the BBB and licensed by the DFPI. They offer secure financial services tailored to individual needs, making them a great choice for those in need of financial assistance.
Credit9 Lending was founded in 2021 and has an impressive customer rating with the BBB, with 1,413 customer reviews, and only 37 complaints in the last 3 years, showing their commitment to customer satisfaction.
Credit9 Holdco Inc is a financial services company based in Irvine, CA. They offer a variety of services, such as loan origination and refinancing, a full debt settlement program, consolidation loans, and credit counseling. They also have affiliates, Americor and Fast Loans Funding, that provide additional services. Credit9 Holdco Inc is dedicated to helping its customers with their financial needs and can be contacted at (800) 291-0172. For more information on their services and affiliations, customers can contact Credit9 Holdco Inc directly.
The Credit9 Lending Process: How Does It Work?
A personal loan is a great way to get a lump sum of cash upfront for unexpected expenses or large purchases. You pay it back in monthly installments over a period of time, with interest and loan origination fee, and it’s an easy way to get the financial assistance you need without worrying about long-term consequences.
Credit9 is a reliable and trustworthy option for those who owe too much unsecured debt, need to borrow money, are not ready for bankruptcy, but feel confident working with the debt relief industry. They provide both debt consolidation loans and relief services with minimum loan amounts accessible to a wide range of borrowers and easy-to-navigate loan documents.
What Are Credit9 Lending’s Fees?
Credit9 is a great option for those who need a loan and want to get the best interest rate possible. With competitive interest rates, ranging from 4.99% all the way up to 24%, customers can find a loan that meets their needs at a rate that works for them. Additionally, it only charges an origination fee of 2.5%, which is typical for a debt consolidation loan.
The most common fees include interest payments, application fees, origination fees, and late fees. Interest is calculated on a loan’s principal amount on a regular basis. Interest rates can change or stay the same.
- The origination fee is usually a flat rate that covers the whole process.
- A late fee is charged if a borrower fails to pay the loan on time.
Before taking out money for a loan, Credit 9’s fees are transparent and explained clearly to borrowers, so they can make informed decisions.
What Are The Effects Of Credit9 Lending On Your Credit?
Before taking out a loan, you should be aware of how your credit score can be affected. A soft credit check will provide an idea of loan terms, but a hard credit inquiry is needed to apply and will lower affect your score. It’s important to consider the pros and cons of taking out a loan.
Are You Eligible For Credit9 Lending?
In order to qualify for a personal loan from Credit9 Lending, you must meet the following criteria:
- Be 18 years old or older.
- Be a U.S. citizen or a permanent resident.
- Have a checking or savings bank account in your name.
- Have a steady source of income.
- Have a valid phone number and email address.
The loan approval process can vary depending on your credit score, state law, and other documents. Loan terms will depend on the applicant’s credit score, income, and other criteria. Make sure to read the loan terms and conditions before applying to ensure it’s the best fit for the business and you.
Credit9 Lending Reviews By The BBB
There have been 36 complaints against Credit9 in the last three years, eight of which have been closed in the last year. They have an A+ rating from the Better Business Bureau.
Credit9 Lending BBB reviews include:
See If You Qualify for Credit Card Relief
See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.
Initial Complaint 10/28/2022
Complaint Type: Advertising/Sales
I received a call from Credit 9 in response to an inquiry I supposedly made. I have not inquired anything from anyone about any type of lending. This is a scam, terrible sales practice, and misleading and confusing to the public. I am a banker and know to watch for scammer calls and misleading calls. Knowing I had not requested such information I informed the representative as such and asked not to be contacted. This number has appeared many times on my phone over the past few months and I have never picked it up until today. This scam is harassing and predatory as credit 9 is hoping to get someone to listen long enough to their sales pitch. I am highly concerned as to how they got my information since I always opt out of all marketing and third-party marketing with whoever companies I engage in business with. They are hoping to find someone who will listen long enough for them to get their information.
Credit9 Lending FAQs
How do I pay Credit9 Lending?
The payment method to accept your money is through ACH deposits (Automated Clearing House). If your request is approved by 4:30 pm CT Monday-Friday, your funds will generally be deposited the next business day.
Who is Credit9 Lending affiliated with?
Fast Loans Funding is a debt resolution company affiliated with Credit9 Lending.
How do I cancel my Credit9 Lending personal loan?
It is important to think carefully and informed decisions before applying for a personal loan. Once the funds have been transferred to your account, you cannot undo the transaction or cancel it. It is best to ensure that you are confident in the decision you are making before applying for a loan so that you do not have to deal with any unnecessary cancellations or changes to your account later on. Taking the time to consider your options and make sure you make informed decisions and are comfortable with your choice is the best way to avoid any issues with your loan.
Is Credit 9 Lending a debt settlement company?
No, Credit9 Lending is not a debt settlement company. They only offer personal loans.
Debt settlement companies can help reduce your debt by negotiating down payments with creditors on your behalf. It is worth exploring, but remember it is not a freeway out-and-done process, you must be able to afford the new agreed-upon amount.
Will Credit9 Hurt My Credit?
Credit9 can be a great tool for those who have good credit scores and are looking to consolidate their debt. It can help streamline the repayment process and make it easier to manage your credit card debt together. However, if your credit score is below 650, Credit9 won’t be able to provide you with a loan, and so it won’t be able to provide access to help you. Ultimately, whether Credit9 will hurt your credit depends on your current credit score and specific financial situation.
What is an unsecured personal loan?
Unsecured personal loans are a great option for those consumers who don’t have assets or businesses to use as collateral. Interest rates depend on credit history and market rates, and they usually have higher interest rates than secured business loans, for example, but they don’t require any security deposits or risk to your assets.
What is a debt consolidation loan?
Debt can be a heavy financial burden, especially when multiple high-interest debts are involved. Debt consolidation can be a useful solution in this situation, as debt consolidation loans, combines all of your debts into one payment. This payment is often at a lower interest rate than the original debts, making it easier to manage and ultimately pay off the loan amount or debt. Debt consolidation is a great way to get your finances back on track and to make sure you are no longer burdened by debt.
Is Credit9 Lending Legitimate?
Credit9 Lending has been around for 9 years and offers unsecured personal loans in 18 states with an A+ BBB rating, however, customer reviews are mixed. It’s important to understand the loan type, interest rates, and repayment plans before taking out a loan, and reading customer reviews is a great way to make sure you can afford it. If you’ve had any experience with Credit9, please share it in the comments.
