Integra Credit does not do a hard inquiry into your credit history when you apply for a loan. Even though there's no credit check, that does not guarantee approval, as Integra Credit considers factors such as income, debt load, age, residency and more.
Integra Credit typically caters to people with bad or no credit. However, loans from Integra Credit are usually much more expensive than those from lenders that do hard inquires.
To see your approval odds and what rates may apply to you, check out the free pre-qualification tool on WalletHub.
Yes, an Integra Credit personal loan does affect your credit score in the long run, but it doesn't have any impact during the application process, as Integra Credit only does a soft pull of applicants' credit. Once you get the loan, your increased debt level and account diversity will impact your score, as will your loan payments. In particular, whether or not you pay on time will have a huge impact on how your score changes.… read full answer
How an Integra Credit Personal Loan Affects Your Credit Score
Increased debt level: Taking out an Integra Credit personal loan will naturally increase the amount of debt that you have. Since your debt level is one of the components of your credit score, you can expect that to have a negative impact initially.
Account diversity: One positive way that getting an Integra Credit personal loan can impact your score right away is by adding more diversity to the types of accounts you have open. Your “credit mix” is one of the components of your credit score, and the more types of accounts you have, the better – as long as you handle them responsibly.
Payments: The biggest factor in how an Integra Credit personal loan affects your credit score is whether you pay on time. If you make on-time payments, your score should steadily increase as a result. If you pay late or fail to make payments altogether, you can expect your credit score to drop.
The bottom line is that while an Integra Credit personal loan does affect your credit score, most of the way that your score changes depends on how responsible you are with the loan. If you’d like to estimate how certain actions might affect your credit score, you can use WalletHub’s free credit score simulator
To apply for an Integra Credit personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for an Integra Credit Personal Loan
… read full answerCheck for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for an Integra Credit personal loan. It doesn’t hurt your credit. You can check for pre-qualification on the Integra Credit website.
Enter your personal information on the application. Integra Credit requires the following personal information on the application: your full name, email address, date of birth, phone number, home address, housing situation, Social Security number and driver’s license number.
Enter your financial information on the application. Integra Credit requires the following financial information on the application: income type, employer name, time at current employer, position, compensation structure, work phone number, how you get paid and how often you get paid.
Double check the application for accuracy. To ensure that your Integra Credit personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
Submit your application. Integra Credit will typically provide a decision on your application within 1 to 2 business days both for approval and funding.
If you are approved for an Integra Credit personal loan, you will generally receive the funds within 1 to 2 business days after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.
You do not need a specific credit score to get a personal loan from Integra Credit, as Integra Credit does not check applicants' credit when they apply. This means it is relatively easy to get approved for an Integra Credit personal loan, even for people who have bad credit. Still, approval is not guaranteed, as Integra Credit will consider other things like your income and existing debts when deciding whether to approve you.… read full answer
Keep in mind that while Integra Credit and other companies that don't do a credit check offer easier approval than most personal loan providers, they also tend to be significantly more expensive. As a result, you might first want to look into one of the cheaper personal loans from companies that do credit checks but still consider people with bad credit.
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