Overview
Credit Direct connects borrowers to an array of lenders offering personal loans to finance vehicle purchases. Its online process makes comparing multiple loan offers simple.
Key Details
- Loan amounts: $1,000-$40,000
- Rates: 5.99%-29.99% APR
- Credit requirements: All ranges considered
- Funding time: As fast as 48 hours
Best For
Credit Direct stands out for those interested in obtaining and comparing loan offers from multiple lenders in one spot to find the best rates.
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How Credit Direct Personal Auto Loans Work
After submitting the short online form, Credit Direct provides personalized loan offers from its network of lending partners in minutes. Offers detail estimated rates and terms specific to you for easy comparison.
Getting Your Offers
Fill out one online form detailing your loan needs. Within minutes, personalized estimated rate and term options from Credit Direct lenders display for review.
Pros and Cons of Credit Direct
Pros
- Compare multiple lender offers
- Pre-qualify without credit check
- Wide range of credit accepted
Cons
- Higher interest rates
- Limited to 11 states
- Low maximum loan amount
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How Credit Direct Compares to Other Lenders
We stacked Credit Direct up against two alternatives popular for auto financing:
Credit Direct vs. Tresl Finance
- Credit spectrum: Tresl specifies its minimum score, Credit Direct does not
- Loan terms: Shortest term Tresl offers is 36 months vs. 12 for Credit Direct
Credit Direct vs.AutoPay
- Co-signers: Credit Direct allows co-applicants, AutoPay does not
- Availability: AutoPay available nationwide, Credit Direct only in 11 states
Auto Loan Options From Credit Direct Lenders
With Credit Direct, approved funds come via personal loans used for purchasing vehicles. No standard auto loan products are offered.
Personal Auto Loans
Obtain financing from $1,000 up to $40,000 that can be used at any dealer to purchase new or used cars.
- Amounts: $1,000-$40,000
- Terms: 12-60 months
- Rates: 5.99%-29.99% APR
Applying for Credit Direct Auto Financing
Just follow these simple steps:
- Pre-qualify online: Share some basic personal information to view offers.
- Compare loan offers: Review options from Credit Direct lenders.
- Accept chosen loan: Finalize documents for approved financing.
- Get funding: Have funds deposited in as little as 48 hours.
Fees to Expect
Typical fees include:
- Origination charges
- Late payment penalties
- Insufficient funds fees
No prepayment penalties.
To Recap
For borrowers interested in easily comparing personalized loan offers across an array of lending partners, Credit Direct delivers. And the flexibility of using these unsecured personal loans at any dealership makes the financing process smooth and simple once approved. Just note that end interest rates tend to skew higher than traditional secured car loan financing options.
FAQs
What credit scores does Credit Direct accept?
Precise minimum scores are not disclosed. But Credit Direct says it works with a very wide range from poor to excellent credit. Those under 600 will see higher rates.
Can I get pre-approved?
Yes, Credit Direct encourages borrowers go through the quick pre-qualification process first. This allows you to view personalized estimated rates without any hard credit check or score impact.
Is Credit Direct a direct lender?
It is both a direct lender as well as a loan marketplace connecting borrowers to lending partners. So your loan could come directly from Credit Direct or another lender in its network.
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