No, Mariner Finance does not approve everyone. To qualify for a Mariner Finance personal loan, you need to be at least 18 years old, have at least bad credit and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved.
Mariner Finance Personal Loan Requirements
Age Requirement: 18+
Credit Score Requirement: Bad credit
Income Requirement: Not disclosed
Citizenship Requirement: U.S. citizen, permanent resident or immigration visa holder
Bank Account Requirement: Verifiable bank account
Identification Requirement: Social Security number
Residency Requirement: One of the 22 states Mariner Finance services
You can get Mariner Finance personal loan pre-approval through the Mariner Finance website. Mariner Finance pre-approval allows you to see your odds of approval for a personal loan from Mariner Finance, as well as your potential interest rate, and the process will have no impact on your credit score.
Enter your name, date of birth, phone, citizenship, SSN, personal and household annual income, employment status and period, employer's number, monthly rent/mortgage payment, and loan purpose.
Once you receive your Mariner Finance pre-approval status, you can choose whether or not to actually submit an application. Getting pre-approved does not mean you're guaranteed to be approved if you apply, but your approval odds will be very high.
If you want to consider more options first, you can try out WalletHub's free personal loan pre-approval tool, which checks for pre-approval with multiple personal loan providers at the same time.
Yes, Mariner Finance does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Mariner Finance's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the … read full answercredit score simulator on WalletHub.
It's worth noting that some people may be uncertain about whether Mariner Finance does a hard inquiry because there's only a soft inquiry during the pre-qualification process. Soft inquiries do not impact your credit score. But that's just the first step, and a hard inquiry is required when you officially apply.
If not having a hard inquiry is important to you, lenders that don't do a hard pull at all include Integra Credit and LendUp.
Yes, Mariner Finance will verify your income when you apply for a personal loan. If you do not have any income, you can apply for a Mariner Finance personal loan with a co-signer, and Mariner Finance will verify that person's income instead.
Mariner Finance may verify income by requesting financial information like pay stubs, bank statements, or W-2 forms. In other cases, they'll just use credit report information. Either way, you will also have to meet other Mariner Finance requirements to be considered for loan approval.… read full answer
Mariner Finance Personal Loan Requirements
Be at least 18 years old
Be a US citizen or permanent resident
Have a Social Security number and government-issued photo ID
Must live in one of the 22 states Mariner Finance services
You have a good chance of getting approved for a loan from Mariner Finance if you meet all of these requirements.
If you want a better idea of what other personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool.
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