WebBank is a financial services company that partners with other lenders and a range of popular brands to provide credit cards, personal loans, small business loans, and auto loan refinancing. WebBank also offers deposit banking products, including savings accounts and “time deposits” (basically a CD).
Some of WebBank’s credit card partnerships include Fingerhut, Petal, and Oportun.
Here’s some more info about WebBank:
WebBank has been around since 1997. But most consumers are still not familiar with them because most of WebBank’s most popular offerings don’t include “WebBank” in their name. WebBank is based in Salt Lake City, Utah.
Prosper uses WebBank to originate personal loans. The bank will fund loans of $2,000 - $50,000 with APRs of 6.99% - 35.99% and an origination fee of 1% - 5%, depending on your overall creditworthiness when you apply. You will need a credit score of 640+ to qualify, and you will have 24 or 36 or 48 or 60 months to repay the loan. Payments are made to … read full answerWebBank and Prosper also services the loan.
The Fingerhut Credit Card card is intended for applicants with Bad credit. Its key features arej the opportunity to rebuild credit with an unsecured credit line and a $0 annual fee.
This card has a WalletHub editor’s rating of 4.7/5. More details can be found in our full Fingerhut Credit Card card review.… read full answer
LendingClub's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a LendingClub personal loan.
LendingClub Requirements for Borrowers
Credit Score: 600 - 640, according to multiple third-party sources… read full answer
Income: Not disclosed
Age: At least 18 years old
Citizenship: U.S. citizen, permanent resident or long-term visa holder living in the U.S.
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: All states except Iowa and U.S. territories
Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.
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