What are my Mariner Finance approval odds?

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.

The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they’re available to people with bad credit. They’re also very expensive in most cases.

Below, you can compare some of the easiest-to-get personal loans available right now.... read full answer

Easy Loans to Get Approved For

• OppLoans: No credit check. 59% - 160% APR.
• 60MonthLoans: No credit check. 19.24% - 69.5% APR.
• Integra Credit: No credit check. 99% - 300% APR.
• LendingPoint: 580+ credit score required. 7.99% - 35.99% APR.

A personal loan from OppLoans is one of the easiest loans you can get approved for because there’s no credit check when you apply. All you’ll need is to be at least 18 years old, have U.S. citizenship or permanent residency, and have enough income to make your payments each month. Integra Credit and 60MonthLoans are two similar options.

Among lenders that do a credit check, the easiest loans to get approved for are from LendingPoint. This online lender requires a credit score of 580 or higher for approval. LendingPoint loans also range from $2,000 - $36,500, require repayment in 24 - 72 months, and have an APR range of 7.99% - 35.99%.

Types of Loans That Are Easy to Get

No Credit Check Loans

A no credit check loan is the easiest type of loan to get approved for, though it isn't necessarily the best choice for everyone. No credit check loans are usually quite a bit more expensive than loans from lenders that check your credit.

Unsecured Personal Loans

Many unsecured personal loans may be easy for people with bad credit to get approved for since they typically have a credit score requirement of 580 or higher. However, these loans are risky for lenders to offer since you do not have to put up collateral.

Secured Personal Loan

The reason secured personal loans are easy to get approved for is that you will have to put up collateral that the lender can keep if you don't pay the loan back. This minimizes the lender's risk, so the approval criteria are relatively easy to meet.

Loan From a Friend or Family Member

You might find it easy to get a loan from a friend or family member, as they are less likely to be concerned with your credit.

Payday Loan

A payday loan is a small, short-term loan that you pay back with your next paycheck. But payday loans are incredibly expensive compared to normal personal loans, so they are not worth pursuing except as a last resort.

Emergency Loans

Emergency loans are personal loans that you can get within a few business days to pay for unexpected expenses such as hospital bills, auto repairs or fixing storm damage. They can offer up to $100,000 in funding, low minimum APRs and long repayment periods.

Hardship Loans from Local Government

All states offer hardship or disaster loans, whether it’s to help pay rent or to keep a small business afloat. These loans typically have eligibility requirements that are different from state to state.

Hardship Distribution from Your 401(k)

You can withdraw money from your 401(k) because of an important, immediate financial need. However, you cannot take out more than necessary to satisfy the need and you cannot repay the withdrawal.

401(k) Loan

A 401(k) loan lets you borrow money from your retirement account. You will need to repay the loan, along with interest, within 5 years of taking it out, or else there are taxes and penalties, in most cases.

Paycheck Advance

A paycheck advance is a way to get a portion of your next paycheck from your employer earlier than scheduled. Not all employers offer this service, though.

Car Title Loans

Car title loans usually allow you to borrow anywhere from 25% to 50% of the value of your vehicle in exchange for the car’s title, which serves as collateral for the loan. This type of loan typically comes with a monthly finance fee of 25% and a short payoff term of 15-30 days, so be cautious.

Pawnshop Loans

A pawnshop will evaluate a personal item that you bring in as collateral and loan you a percentage of its value. Pawnshop loans offer instant cash but can sell your property if you fail to repay the loan.

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 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.