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Credit Direct
Credit Direct auto loans 2023 review. Published 2023-01-01-01 00:00:00
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the ways and pitfalls of taking out loans to purchase an automobile.







Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping readers gain the confidence to manage their finances by providing precise, well-studied information that breaks down otherwise complex subjects into bite-sized pieces.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial choices by providing you with interactive tools and financial calculators that provide objective and original content, by enabling users to conduct studies and compare information for free and help you make informed financial decisions. Bankrate has agreements with issuers including, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are advertised on this site come from companies that pay us. This compensation may impact how and when products are featured on the site, such as for instance, the sequence in which they be listed within the categories of listing, except where prohibited by law for our mortgage or home equity products, as well as other home lending products. But this compensation does have no impact on the content we publish or the reviews you read on this site. We do not include the vast array of companies or financial offers that may be available to you.




About our reviews Editorial disclosure Reviewers are supervised by staff. The opinions expressed are solely the opinions of the reviewer and are not reviewed or accepted by any advertiser. The information that is included, including rates and fees that are included in the review are accurate at the time when the review first appeared. Look over the information at the top of this page as well as the lender's website to find the most up-to-date information.








A quick glance 4.0 Rating: 4 stars out five
Bankrate Score

Available Rating: 3.5 stars out of 5
The Affordability Score: 3.4 stars out of five
The Customer Service Rating is 3.8 five stars of five
Transparency Rating 5 stars out of 5


Find out about rates for auto loan rates

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



Credit Direct pros and cons The credit direct personal loans for purchases of cars are available to borrowers with varying financial backgrounds and are able to be prequalified without impacting your score on credit. But, they're limited to a small number of states.
PROS Flexible loan amounts
No specific inquiry
Range of acceptance criteria

CONS Only available in 11 states
Maximum loan amount of a small amount loan amount





Credit Direct is a personal loan marketplace that offers loans directly and through its dependable partner network to borrowers who are looking for loans. The car purchase loans provided by Credit Direct have a lower minimum loan amount than most, perfect for drivers seeking to finance a smaller purchase. The loans are not secured, meaning that the interest rates offered tend to be a bit higher.
Do you qualify? Credit Direct doesn't specify eligibility requirements on its website, or via phone. However, it does indicate that all borrowers in the range in credit score are able to apply. In fact, you may be approved if your score falls between 500 to 600. It is also necessary to have a steady, verifiable source of income that permits you to pay your monthly payments. What we love and what do not like? Consider the risk and advantages of a loan that is made through Credit Direct brings.
We like flexibility drivers can borrow as little as $1,000 which is ideal for purchasing an old car to purchase parts. In addition, you'll be able to own the car outright since it's being . No hard inquiry: You are able to look up rates and conditions without having to go through an in-depth credit assessment. The range of criteria for acceptance: Credit Direct uses underwriting criteria which take more than the credit history into account. What we don't like Limited availability by state: Credit Direct's personal loans are available only across 11 states. A small maximal loan sum: A loan amount of just $40,000 isn't enough to cover the average of $48,000 when it was the final year of 2022. Contact details for Credit Direct Credit Direct Credit Direct offers limited 24 hour support through its contact center at 866-414-4198. The full service is offered during normal working hours, which are 9 a.m. to 6 p.m. ET from Monday to Thursday and 9 a.m. to 5 p.m. ET for Fridays.
Auto loan varieties available Credit Direct provides personal loans which are used to purchase new or used vehicles.

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


Credit Direct offers personal loans for auto purchases and repairs. An auto purchase personal loan through Credit Direct can be used to finance the purchase of your next car or to purchase another one to purchase parts. In contrast to a typical auto loan that is based on the vehicle you're purchasing. Its minimum loan amount is less than the majority of other auto loan companies, meaning you don't have to borrow more than you need. Additionally, you'll be able to take your money to the dealership you prefer. How do you apply for an loan with Credit Direct The application process is completely automated via the Credit Direct site and takes only minutes with no hard inquiry. Based on Credit Direct's Credit Direct website, the process is simple and you will receive funding as soon as 48-72 hours with direct transfer. Choose the loan amount. Fill out the online form with all the essential information needed to verify the expected rate. View loan options. In just a few moments, Credit Direct will present you with various loan options for you to consider. Be attentive to the APR and terms. Sign and accept. If you feel that the loan offers meet your needs then you can sign the application through the internet. You will receive the funds. Then, you'll receive the funds through direct deposit.
Required application information Social Security number and vehicle information The amount of the loan Two months of all Bank statements. One month's pay-stubs.. Most recent W2 Government ID


Credit Direct FAQs
Are you sure that Credit Direct a direct lender or does it provide loans through third-party lenders? Credit Direct both originates personal loans and relies on its lender network to help borrowers find the best price.



Can you use a co-signer to apply for credit with Credit Direct? Yes, co-signers may be included in loan applications to aid in determining whether you qualify for more favorable terms.



Does Credit Direct do a hard pull? A hard credit pull is only required if you take an offer for a loan request and then proceed by making a formal request. But, you are able to view possible rates using , which won't impact the credit rating.



What rates do Bankrate offer 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 and a modest minimum amount.
Affordability
3.4
Credit Direct scores decently due to its flexible underwriting criteria however it still has high APRs when compared with competitors.
Customer experience
3.6
While there is no 24/7 helpline support, customers can only contact the center for assistance during working hours.
Transparency
5.0
Credit Direct discloses expected rates and terms in order to encourage prequalification.


Methodology Bankrate considers 18 data points when deciding on the top auto loans. Acceptance criteria, the rates or fees readily available and APR range all influence lender scores. The scores are divided into four categories. The availability of loans, repayment options, dealership requirements, and availability in the state all are a part of this category. Affordability: This section houses APR ranges acceptance criteria, discounts and fees. Customer experience: How long you'll need to shop for, the customer service hours and whether or not there's an app and autopay payment options are all accounted for in this section. Transparency: This section accounts for the availability of rates and fees as well as whether prequalification is available.
Editorial disclosure: All reviews are prepared by Bankrate.com staff. The opinions expressed are solely those of the reviewer and are not reviewed or approved by any advertiser. The information, including rates and fees that are included in the review is accurate at the time of the review. Look over the information on the right and the lender's website to find the most up-to-date information.




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 ways and pitfalls of borrowing money to purchase an automobile.
Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping readers gain the confidence to take control of their finances by providing precise, well-studied data that breaks otherwise complicated topics into bite-sized pieces.






Auto loans editor










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