Is Mariner Finance a secured loan provider? This question is about Mariner Finance

Is Mariner Finance a secured loan provider?

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This question is about Mariner Finance

Gino Rodriguez, Writer

@gino_rodriguez • 02/24/23 This answer was first published on 02/24/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Mariner Finance offers both secured and unsecured loans, with secured options including auto loans, mortgages and personal loans, and unsecured options including personal loans and student loans. Secured loans require collateral, such as a car, home, or money in a bank account, while unsecured loans do not.

Secured loans are less risky for Mariner Finance, so you’ll typically qualify for lower rates compared to Mariner Finance’s unsecured loan options. The downside to a secured loan is that you run the risk of losing your collateral and hurting your credit score if you fail to make the payments. However, Mariner Finance reports payment information to the major credit bureaus every month, so if you make your payments on time, you can boost your credit score.

For more information, visit WalletHub’s Mariner Finance reviews page.

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How can you get Mariner Finance personal loan pre-approval?

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.

How to Get Mariner Finance Personal Loan Pre-approval

Go to the Mariner Finance website.
Click on Check My Offers.
Enter your name,...

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Does Mariner Finance do a hard inquiry?

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...

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Does Mariner Finance verify income for personal loan applications?

Yes, Mariner Finance will require a proof of 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 W-2 forms, pay stubs or bank statements. In other cases, they'll just use credit report information. Either way, you will also...

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