Is FreedomPlus a direct lender for personal loans?

Yes, FreedomPlus 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.

FreedomPlus'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.

If you're looking for a lender that does not do a hard inquiry at all, you could consider NetCredit, Opploans and Integra Credit.

To apply for a FreedomPlus personal loan, first check for pre-qualification and decide which way you will apply (online or by phone), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for a FreedomPlus Personal Loan… read full answer

1. Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a FreedomPlus personal loan. It doesn’t hurt your credit. You can check for pre-qualification on the FreedomPlus website.
2. Decide which way to apply. You can apply for a FreedomPlus personal loan online or by phone. Applying online is the best way because it typically offers the fastest decision.
3. Enter your personal information on the application. FreedomPlus requires the following personal information on the application: your full name, phone number, zip code, home address, a valid ID and Social Security number.
4. Enter your financial information on the application. FreedomPlus requires the following financial information on the application: your employment status, annual income and bank account .
5. Double check the application for accuracy. To ensure that your FreedomPlus personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
6. Submit your application. FreedomPlus will typically provide a decision on your application within 1 business day.

If you are approved for a FreedomPlus personal loan, you will generally receive the funds within 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.

Yes, FreedomPlus personal loans are legit because FreedomPlus is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why FreedomPlus personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau.

Why FreedomPlus Personal Loans Are Legit

• FreedomPlus is registered as a business in the states it services.
• FreedomPlus has a Better Business Bureau rating of A+.
• FreedomPlus has been around since 1855.
• FreedomPlus has an average user rating of 4.5/5 on WalletHub.
• FreedomPlus personal loans have a rating of 3.9/5 from WalletHub's editors.
• FreedomPlus has a secure website, which you can tell by the fact that the URL has "https" in front of it.

While FreedomPlus personal loans are legit, they may or not be the best choice for you. It's important to compare the terms and requirements of FreedomPlus personal loans against your other options before submitting an application.