Frequently Asked Questions

Debt consolidation is the process of paying off your credit cards with a personal loan, thereby consolidating all your debts into one monthly payment to a single lender.

A personal loan through Credit9 is a consolidation loan with a low fixed-rate loan with amounts from $2,500 up to $45,000 and flexible terms of 2 to 5 years. A fixed rate means your monthly payments won’t change. That makes budgeting for payments simple and predictable over the life of your loan.

You may also be eligible for rate discounts for adding a qualified co-applicant, showing proof of eligible retirement savings (like a 401k or IRA), and setting up direct pay to creditors when consolidating debt.

Credit cards charge compounding interest, which compounds daily (interest on interest), accrues very quickly, and can take years to pay off. Credit9 Loans are installment loans which charge simple interest at a fixed interest rate, making it a lot easier to pay back in a shorter period of time.

BENEFIT #1: It’s FAST and EASY to get started! Find the loan rate you qualify for in just one minute, get approved, and your credit card and other unsecured loans could be paid off in as few as 1-2 business days! 

BENEFIT #2: Just one LOW and FIXED payment. Wipe out all your credit card balances, and pay off your debt with just one affordable payment.

BENEFIT #3: FLEXIBLE payments and terms. This could help free up extra cash flow each month!

BENEFIT #4: QUICKLY pay-off all your debts. With a fixed payment with a fixed interest rate personal loan from Credit9, you could pay off your debt in record time! 

BENEFIT #5: BOOST your credit score! Paying off your credit cards with a consolidation loan and not incurring more debt could help boost your credit score! It helps reduce your credit utilization, helps with debt to income ratios as well as having a new tradeline reporting on time payments

BENEFIT #6: NO HIDDEN FEES! Your Credit9 personal loan has NO application fees… and NO pre-payment fees… potentially saving you thousands of dollars!  

BENEFIT #7: Finally become DEBT-FREE and achieve your financial goals. Just imagine how incredible it will feel when you no longer have to deal with sky-high interest rates… endless monthly payments… and the financial stress that causes all too many sleepless nights! 

No.

There are NO application fees… and NO pre-payment fees. 

The only fee is a standard loan origination fee.

The Credit9 Loan process is very simple.

During your application, our team requests proof of income based on your current employment status. The Loan Processor then reviews the documents and a current credit report. And if you meet the qualification requirements, we’ll pursue underwriting to make a final decision.

Not long at all! In fact, you could have your money as early as tomorrow! Just follow these three simple steps…

STEP 1: Find the rate you qualify for with Credit9 (it takes just ONE minute!). Our fast and easy process allows us to check your rate without affecting your credit score. 

STEP 2: Accept your loan agreement terms online. Using our secure application, you can e-sign your personal loan agreement. No paperwork… and no running to the post office or the bank. You can even do it right from your smartphone! 

STEP 3: Get funded as soon as tomorrow! Once everything is approved, we could electronically pay off your creditors in as few as 1-2 business days.

It’s really that fast and easy!

Providing your basic information to view loan options does not impact your credit score. 

To determine how much you could qualify for, we conduct a “soft pull” on your credit. If you select a loan option and continue your application, we conduct a “hard inquiry” to verify the information you’ve provided on the application for final loan approval. 

This “hard inquiry” will be seen as an inquiry on your credit report.

After final loan approval, we’ll initiate the transfer of funds into the bank account you’ve provided via ACH as soon as the next business day.

It’s simple!

Payment instructions will be provided after your loan originates. Payments can be made through either recurring ACH, manual ACH, or check.

The terms of your loan are based on a variety of factors including: your credit score, your credit history, and the amount of debt you have accumulated in relation to your income.

Everybody’s financial situation is different, and everybody qualifies for different loan terms.

However, many people find that with a Credit9 Loan, their single and fixed monthly loan payment is often lower than the combined monthly minimum payments of all their existing credit card and unsecured loan payments.

To qualify for a loan, all loan borrowers must:

1) be a U.S. citizen currently living in the U.S., or a permanent resident currently living in the U.S.; (unless military personnel are on active duty, in which case it is not required that the applicant be currently living in the US.)

2) be at least 18 years old;

3) have a valid email account;

4) have a verifiable name, date of birth and social security number;

5) have a full time job, a full time job offer starting in 2 months, a regular part time job or another source of regular income;

6) have a personal banking account at a U.S. financial institution with a routing transit number; and

7) meet our minimum credit requirements.

The minimum loan amount is $2,500 and the maximum loan amount is $45,000.

YES. And the qualifications are the same as for the primary applicant.

It’s fast, easy, and free! 

With our online application you can simply input your desired loan amount, state of residence, and contact information. 

If pre-approved, you can choose to work through the remaining application process by email, or request to be contacted by a Credit9 Loan Consultant.