![]() ![]() Will LendFirm charge me before I receive my order? ![]() If you need to update your bank account information for any reason, please call LendFirm at 88. Payments are withdrawn on the same schedule as your regular payment schedule from your employer. How do I make my scheduled payments?Īll payments are withdrawn directly from the checking account you provided when applying for your loan. Your schedule can be found in your loan documents. Your payment schedule will mirror your pay dates from your employer. If your loan expires and you wish to finance your purchase, you will need to re-apply with LendFirm. Loans expire 30 days from the date of approval. If you have a down payment, or your purchase amount exceeds your loan amount, you will be required to input your credit or debit card information to cover the remaining amount before completing your purchase. If you have an active loan with LendFirm, you will have the option to apply to your loan during the checkout process. How do I use my loan with LendFirm?Īdd the item(s) you wish to purchase to your cart and proceed to checkout. LendFirm offers 100% financing up to $14,000, depending on your individual loan terms. USING YOUR LENDFIRM LOAN Can I finance my entire purchase? If you are interested in refinancing with a new loan, please call LendFirm at 88. Yes, LendFirm accepts applications from current borrowers, however, your current balance and payment history with LendFirm will have an impact on the approval decision and the amount of credit that can be extended for an additional loan. Can I apply for another loan before I have paid off my current loan? Online applicants will receive an email notifying them of LendFirm’s decision within one business day. How will I know when I have been approved? For some borrowers, LendFirm may require a down payment of up to 50%. Do I have to put down a down payment?įor most borrowers, LendFirm does not require a down payment at all. LendFirm does not charge early payment penalties, however, they do charge a $25 late fee for returned payments. LendFirm currently offers interest rates starting at 4.95% APR, over a 12 or 24-month term, payable in equal installments. Does LendFirm charge any fees or interest? Does LendFirm report to the credit bureau?Īt this time, LendFirm does not report payments to the credit bureau. For many people, one additional credit inquiry (voluntary and initiated by an application for credit) may not affect their credit score at all. Inquiries may or may not affect your credit score. LendFirm does perform a credit inquiry during the application process. Whether you have poor credit from bankruptcy, no credit history or bad credit, LendFirm will evaluate consumers on several different criteria to make an approval decision. Requirements include proof of income, a valid driver's license, your social security number and a checking account with direct deposit. LendFirm offers 100% financing with a few basic conditions, including the ability to verify your identity and income. What you see at checkout is always what you’ll pay! Will I get approved for financing? Payments are made in equal installments and there are no application fees or prepayment fees. LendFirm offers 12 or 24-month term loans with interest rates starting at 4.95%. Applicants will be notified by email of LendFirm’s approval decision within one business day. LendFirm requires applicants to answer a few questions and complete a secure online verification process. The loan application process is quick and easy. At this time, LendFirm does not accept prepaid or online-only banks. LendFirm may also require further documentation to verify your information. ![]() You will need to provide either an unexpired US driver’s license, passport, or state ID your most recent bank statement a valid checking account and, in certain cases, your most recent pay stub or proof of income. The loan process requires minimal information to verify your identity and establish a credit amount. Frequently Asked Questions FINANCING WITH LENDFIRM What do I need to apply for a loan? ![]()
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