Community Hub

What is a personal loan?

Sometimes you need to pay for an unexpected event, like a leaky roof, car repair, or medical bill. If you don’t have enough money set aside, these situations can be stressful. Fortunately, if you need fast cash, you can apply for a personal loan. These loans give you access to money that you can use for a variety of personal expenses. Key takeaways A personal loan is an amount of money that you borrow for personal expenses. The money can be used for home repairs, medical bills, large purchases, and other household expenses. A lender will typically look at your...

Read more

How to get a personal loan with no credit history

Having no credit history can make it difficult for you to get a personal loan. And if you don’t have a credit score, you’re not alone. In the United States, 26 million people are credit invisible, which means they haven’t yet built up their credit history. You could be credit invisible for any of these reasons: You’re young and haven’t had time to build credit You recently moved to the United States You pay for things with cash or debit cards, instead of credit cards Fortunately, none of these things mean you’re bad with money. In fact, you may be...

Read more

Continuing to help our customers through the pandemic

By Matt Jenkins, Chief Operations Officer 2020 was a challenging year for all. Since the start of the pandemic, we’ve remained committed to being of service to our customers and offering them assistance with any financial hardship they may be facing. And now, as the number of COVID cases increases and the economic impacts of the pandemic correspondingly surge, it is more important than ever that we remain vigilant and proactive in offering solutions to customers who need help. To support the financial health of our community, we have been actively working with customers who are facing financial challenges to...

Read more

What documentation do you need for a personal loan?

Before a lender can finalize your application, they may request that you provide personal documentation. Your lender will need to see important pieces of financial and personal information that determine if you prequalify for a loan. Key takeaways To take out a personal loan, you’ll need to provide your lender with financial and personal information. There are four sets of documents you’ll usually need to prove your identity, address, income, and monthly expenses. Applications also require your credit score and the purpose for the loan. If you aren’t approved for a loan at first, you can try to apply with...

Read more
Load more