Credit Direct Review

Sally Herigstad

In a Nutshell

Credit Direct is a lending platform that allows you to quickly apply for a personal loan online, without leaving home or waiting for days or weeks for approval. Unlike aggregator sites that only connect you to multiple lenders, Credit Direct offers loans through their company, as well as through trusted network partners.

pros

  • Both a direct lender and a marketplace
  • No fees charged besides interest paid
  • Checking rates will not affect your credit score

cons

  • Maximum personal loan of $40,000
  • Must enter personal information to pre-qualify for a loan

Credit Direct Credit Direct Visit Site

Credit Direct at a Glance

Direct lender or marketplace?
Both
Loan types
Personal loans
Loan amount
$1,000 to $40,000
Repayment terms
12 - 60 months
APR
4.99% - 29.99%

Best for

Finding your best deal from Credit Direct or through their partner network


Best For?

Credit Direct Loans appeal to people who want to borrow money for any reason, but don’t want to borrow against their home, car, or other assets.

Credit Direct’s fast, simple online application process is good for borrowers who don’t want to meet face-to-face with a lender or apply online.

Borrowers who are still building a credit score may consider Credit Direct, because they consider more than a credit score (such as a consistent income) when borrowers apply for a loan. This increases your chances of being approved.

Range of Personal Loans 

Whether you need to consolidate credit card debt, plan a wedding, remodel your kitchen, or borrow money for almost any other reason, you may qualify for a personal loan from Credit Direct. 

Credit Direct loans offer these features:

  • Personal loans available with no collateral
  • Rates competitive with other personal loan lenders
  • Loan terms from 12 - 60 months, depending on the size of the loan and other factors
  • Personal loans ranging from $1,000 to $40,000

Application Process & Requirements

To compare personal loan rates from Credit Direct and its network partners and apply for a loan, follow these steps:

  1. Click Apply Now on the Credit Direct personal loans website.
  2. Use the slider tool to select up to $40,000, and then fill out the short web form. 
  3. Within minutes, you can review offers from Credit Direct and network partners. 
  4. Choose a personal loan, and e-sign.
  5. Receive funds directly in your bank account.

APRs, Loan Amounts & Repayment Terms

Credit Direct offers personal loans from $1,000 to $40,000. The loan length may be from 12 to 60 months, depending on your financial situation and how much you borrow. Interest rates start at 4.99% and go up to 29.99%. 

The better your credit score and financial picture, the more money you can borrow, and the less interest expense you will pay.

Personal loans generally carry higher interest rates than secured loans, such as home equity loans or car loans. However, they are a far better deal than payday loans, which can charge an APR several times as high. 

Credit Direct does not charge any fees other than interest paid on the loan. Your monthly payment does not change over the life of the loan, and there is no penalty for paying off the loan early.

Privacy & Security

Credit Direct is a certified, trusted source for personal loans. Your sensitive information, such as bank data, is encrypted and transmitted to Credit Direct in a secure way. 

Credit Direct is an Accredited Member of the Better Business Bureau, with an A+ rating.

According to the company, they do not sell your information to lenders outside their partner network.

Help & Support

The Credit Direct call center is available 24/7, as is the chat feature within the website. Their business hours are 9:00 am to 6:00 pm ET Monday through Thursday, and 9:00 am to 5:00 pm ET Friday. 

Contact Credit Direct through one of these options:

  • Use the pop-up chat feature online.
  • Fill out the online contact form.
  • Call 866-414-4198. 
  • Email info@creditdirect.com.

How Credit Direct Compares

APR
4.99% - 29.99%
3.49% - 35.99%
Minimum credit score
None
None
Loan amounts
$1,000 - $40,000
$1,000  - $50,000
Loan term
12 - 60 months
3 - 180 months
Best for
Comparing Credit Direct and network loans
Comparing multiple loans 

Credit Direct differs from other loan comparison sites by offering loans directly through the company, as well as through its network partners. Its interest rates are competitive, with a lower upper limit to its APR than its competitors. Credit Direct loan limits are lower than its competitors, with a maximum personal loan limit of $40,000. 

Credit Direct looks at more than your credit score to make a lending decision, increasing your chances of qualifying for a loan. 

FAQs

Q. What is a personal loan?

A. Personal loans are shorter-term loans generally not backed by collateral such as a car or house. You receive a lump sum and make fixed, regular payments.

Q. What is the business name of Credit Direct?

A. Delmarva Funding LLC does business as Credit Direct.

Q. How does Credit Direct make money?

A. Credit Direct earns interest on its direct loans, and charges a fee to its network partners. It does not charge you any fees to get a loan.

Q. What states are served by Credit Direct?

A. The Credit Direct service area includes Alabama, Arizona, Arkansas, California, Florida, Indiana, Iowa, Maryland, Michigan, Missouri, North Carolina, Oklahoma, Pennsylvania, Texas, and Virginia.

Credit Direct Credit Direct Visit Site

Summary

Credit Direct offers personal loans directly through their company, or through trusted lenders. By looking at more than your credit score when you apply for a loan, Credit Direct increases your chances of qualifying for a loan. You can apply for a loan at Credit Direct and be pre-qualified for a loan in minutes.

Physical Address

9210 Corporate Boulevard, Suite 130

Rockville, MD 20850

United States

Sally has been writing about personal finance since 1998 and is the author of “Help! I Can’t Pay My Bills” (St. Martin’s Griffin). She is a licensed real estate broker in Washington state and a retired certified public accountant. She also writes regularly for MSN Money, Interest.com, Bankrate.com and Motley Fool, and has been a guest on Martha Stewart radio and other programs.

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27 Nov 2020

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