What if my credit score is too low, will I still get a loan?
36MonthLoans.com works with a variety of lenders who accept a range of credit scores. A good baseline for a credit score with our lenders is around 540. However,
that will not necessarily guarantee an acceptance. Some of our lenders service below this value, but if matched with a lender, your credit score will also
influence the APR that the lender will offer you for a loan. All the data in your application will influence our lenders' decision for pre-approval.
Lending decisions will be based on several factors, including, but not limited to, credit history, employment history, and loan repayment history.
Will filling out my application affect my credit score?
36monthloans.com does not run credit checks.
However, the lenders that we work with may do a "soft" or "hard" pull on your credit score to determine eligibility. Usually, a "soft" pull
is done initially and then a "hard" pull may be done later on in the loan process by a lender. It is possible
that multiple credit pulls will be done by our lenders.
What if I don't know my credit score?
If you don't know your credit score there are a variety of quick options for you to find out what it is. Online, you can easily access Experian,
Equifax® or TransUnion® credit reports.
How is the APR/interest on the loan established?
All information regarding your loan, including your APR, is strictly between you and the lender you are matched with. The APR rates
vary based on the personal information, credit score and repayment history of each individual customer. Please make sure you
contact the lender directly so they can best answer any questions you may have regarding your specific APR/interest rate.
Will taking out a loan negatively affect my credit score?
When paid on time, the presence of a loan finance account can have a positive effect on your credit score (if you make your payments on time
- this is a sign of a good track record in borrowing money). If you have a tendency to not make payments on time, or if your loans carry
interest rates that are so high that you cannot repay the loan - this will have a negative impact.