![]() ![]() When you’re there, you need to bring documents to verify both your identity and income. Once approved, you’ll receive a phone call from a loan specialist and will be asked to visit a branch in person. Be aware that this slightly affects your credit score and will be listed as a credit inquiry on your credit report for two years. You’ll be asked to provide information such as your Social Security number, job and income data, and the closest branch to you.Īt that point, Mariner Finance will pull a hard credit check through Equifax. To get started, fill out the application form on the lender’s website. You can begin the application process online for a Mariner Finance personal loan, but you’ll need to visit a local branch to continue your application. Also, keep in mind that you’ll need collateral if you decide to take out a secured loan, which is required for any loan amount over $10,000. There’s no set maximum debt-to-income ratio, but that’s certainly something the loan officer considers when evaluating your application. ![]() And while there’s no minimum income level, most borrowers earn between $35,000 and $45,000 annually. With a minimum credit score of 580, you don’t need a great credit score, although you’ll get better rates with a higher credit score.Īdditionally, you’ll need at least five years of credit history to be considered. Mariner Finance, LLC advertises itself as a lender for individuals with poor credit, but you’ll still have to meet several basic requirements to qualify. Click the link below to see which companies we think are better. Mariner Finance is not one of our top picks for 2023. You’ll likely incur an origination fee, but the exact amount varies depending on the state in which you live. This allows you to choose how aggressively you want to repay the funds. When you take out a loan with Mariner Finance, you have the option of selecting a loan term anywhere between one and five years. So though they start at a higher threshold, you still might get the same or better offer as another lender depending on your credit history, even if the other lender starts with lower rates. ![]() The lender has one of the higher minimum interest rates online, which is set at 24%. If you want a loan for $10,000 or more, you’ll need to secure it with personal property assets, such as a vehicle or boat. Personal loans from Mariner Finance can range from $500 to $50,000. Read on to find out the potential pros and cons of a Mariner Finance loan, as well as the details you need on how to apply for one. That approval does come with a price, but it may be worth it, depending on your individual situation. With alternative lending standards approved by an actual loan officer, not a computer program, it’s easier to get access to funds. You don’t need the best credit to qualify for a Mariner Finance personal loan, but you will need an established financial history. ![]()
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