Personal loans are loans that are not backed by any sort of collateral, such as your house or car. Unlike credit cards, which are revolving loans, personal loans are installment loans. This means they have a fixed repayment term and a fixed interest rate. If approved for a personal loan, you will receive a lump sum upfront and then pay back the money, plus interest, in regular monthly installments. This is different from credit cards and other revolving loans, which have fluctuating interest rates based on prime and no fixed payment terms.

Please keep in mind the following information: Your credit rating is the most influential factor that lenders will consider when deciding whether to offer you loan rate quotes and ultimately fund your request. To be considered for approval, you must meet the following general requirements: be a citizen of the United States, at least 18 years old, have an active bank account, and be currently employed.

Please note that all final rates, terms, and fees will be determined by the lender, not StarLoanServices. If you have any questions about the rates, terms, and fees presented, please direct them to the potential loan lender.

You can receive no-obligation rate quotes within seconds of submission. The entire process, from requesting rate quotes to having your loan funded, can take 48 hours or less. However, in some cases, funding will take longer than 48 hours. If a rate quote is offered and accepted, your potential lender will advise you on what to expect in terms of the total time for your request to be funded.

It's important for us to establish clear expectations when it comes to helping individuals with poor credit histories. We have partnerships with multiple providers who specialize in assisting consumers with bad credit. These lenders have less strict borrowing criteria compared to traditional banks and lenders. They consider your overall financial situation, not just your credit score. This means that factors such as your job history, education, duration at your current residence, and more will be taken into account in addition to your credit. While we can help many individuals with challenged credit, we cannot assist everyone and cannot guarantee that we will be able to help.

If you are lacking credit, we won't be able to help you at this time. Individuals with no credit history are going to require a co-signer with strong credit, and at this time, our system is not set-up to process requests with co-signers. If you do not have any credit, please do not submit your information on this site.

Lenders in the StarLoanServices.com network offer borrowing amounts from $500 to as much as $40,000 with terms ranging from one to six years. It's important to note that not all borrowers will qualify for the maximum borrowing amount of $40,000 and/or terms of 72 months if approved.

Interest rates, terms, and conditions will vary depending on the loan and lender. Candidates with excellent credit can expect lower rates. You can learn more about the potential APR rates and costs of your loans here. If approved for a loan, each lender is required by the Federal Truth in Lending Act to present to you the terms of the loan, the rates, and all costs associated with the loan before you sign the loan documents. Each lender has different loan terms, such as the loan amount, the APR for the loan, repayment schedules, etc. Please review the fee and rate information provided by your lender thoroughly before agreeing to the terms of the loan. Until you add your e-signature to your loan, you are under no obligation to continue with the application process and can exit at any time.

If you are currently unemployed, you should not apply for a loan as lenders will not consider your request. If you become unemployed after taking out a loan, it is crucial to contact your lender immediately to discuss the options available to you.

Our service at StarLoanServices is completely free for you to use. In certain situations, StarLoanServices may receive compensation from a lender.

I If you are given rate quotes, you will need to choose a rate quote and then apply for credit directly with the selected lender in order to finalize your loan. At this point, the lender will request any additional information needed to complete their final underwriting process. Most lenders will conduct a hard credit check with one of the three major credit bureaus (Experian, Equifax, or TransUnion) under the Fair Credit Reporting Act to promptly and thoroughly assess your request. Your permission will be requested before any hard credit inquiry is made. Your lender will inform you of the approval decision. If you are approved, the Federal Truth in Lending Act requires that all rates, terms, costs, and repayment schedules associated with your loan be clearly outlined for your review before you are given the opportunity to sign the loan documents. Prior to signing your documents and finalizing your loan, feel free to ask your lender any questions you may have about your loan.

The funds will be electronically transferred to your bank account.