Can you get approved for a personal loan

Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be matched with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing andor credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit.

Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties.

Only borrow an amount that can be repaid on the date of your next pay period.

Can you get approved for a personal loan

Weve also integrated your new GDPR data access rights so that you can enjoy even more transparency in your borrowing experience. We hope you will trust us with your next loan. Written by: Kelly R Last modified: June 24, 2018. Contact Details. Our Products. LEGAL POLICIES. Cashfloat.

Can you get approved for a personal loan

We need your bank account information because thats how youll receive your Spotloan. Once youre approved, the money will be sent to your account, usually within 24 hours. A qualifying bank account can be a checking or savings account thats under your name at a bank or credit union and is not associated with other accounts at Spotloan. Our deposits almost always go through and when they dont, it usually means the banking information provided is wrong.

When this happens, it takes 5-7 business days for your bank to return the funds to us and we cant redeposit the loan until we get that money back. Well follow up with you as soon as we receive the returned loan and help you reapply.

In the meantime, you can speed up this process by contacting your bank and can you get approved for a personal loan them to return the funds. Yes, we look at data from many places, including consumer reporting agencies. Spotloan makes whats called a soft inquiry on your credit report, as opposed to whats called a hard pull.

Can you get approved for a personal loan