When it comes to taking out a personal loan, there are many lenders to choose from. Credit Direct, offered by Delmarva Funding LLC, is one such lender that has been gaining attention lately. But how does it compare to other lenders? Is Credit Direct legit or a scam? In this article, we will take a closer look at Credit Direct, its services, terms and conditions, and customer reviews, to help you make an informed decision.

What is Credit Direct?
Credit Direct is a personal loan marketplace that offers loans to individuals seeking financial assistance for various purposes. Founded in 2012, Credit Direct is a US-based direct lender that offers loans in 13 states across the country. The company’s headquarter is located in Rockville, MD, and you can reach them by calling (888) 730-9988.
At Credit Direct, they offer unsecured loans that you can apply for without affecting your credit score. Their simple online form only takes a few minutes to fill out, and you’ll be able to compare personalized offers in no time. When applying for a loan, applicants must submit their credit scores and credit reports to determine potential rates and loan offers. The application process is straightforward, with pre-qualifying options available to avoid a hard credit pull, which can affect your credit score. Once approved, funds are typically deposited directly into the borrower’s bank account.
It offers loans for a variety of purposes, including major purchases, unexpected expenses, medical bills, debt consolidation, and even auto loans. The loan term and interest rate can vary based on the borrower’s financial situation and credit history.
How Does Credit Direct Work?
Credit Direct operates as a direct lender and also works with a network of other lenders to provide affordable options for those in need. The company advertises its services at creditdirect.com. Here are some interesting things about their website and terms and conditions:

- It offers fixed interest rates from 4.99% APR to 29.99% APR.
- Loan amounts range from $1,000 to $40,000.
- There are no administration fees.
- Loan repayment terms range from 12 months to 60 months.
- Loans through Credit Direct are private loans.
- The company reserves the right to change services, benefits, rates, and terms without notice.
Its website provides clear information on origination fees, monthly payment options, and potential rates, ensuring that there are no hidden fees throughout the entire process. The website also emphasizes that there are no prepayment penalties, giving borrowers the flexibility to pay off their loans early.
Credit Direct operates in several states, including North Carolina, Oklahoma, and Pennsylvania, and offers loans up to the maximum loan amount allowed by state laws. They offer unsecured loans that you can apply for without affecting your credit score. Their simple online form only takes a few minutes to fill out, and you’ll be able to compare personalized offers in no time.
How to Qualify for Credit Direct?
There is no minimum credit score requirement to apply for a loan. Instead, they take into account other factors that show your ability to repay the loan, which gives you a better chance of being approved. In order to apply, you will need a social security number. At this time they cannot accept a tax ID.
Once you have accepted a pre-qualified loan offer, there are a few things you’ll need to have on hand to complete your application and accept the loan. At a minimum, you’ll need:
- 2 months of bank statements (all pages)
- 1 month of ALL pay stubs
- Your most recent W2
- A copy of your government-issued ID
Credit Direct BBB Reviews
Credit Direct is a company that is proud of its A+ rating from the Better Business Bureau BBB. It has been accredited since 2016 and has an average of 40 customer reviews. It has also closed 1 complaint in the last 3 years. While the number of customer reviews may not be as high as some other lenders, it is important to note that the company has maintained a good rating with the BBB and has addressed any complaints that have been made.
How quickly can I receive funds after being approved for a loan through Credit Direct?
Once your loan application is approved and completed, you can expect to receive your funds within 48 to 72 hours. Direct deposit into your bank account is the most common method of receiving funds, though other options may be available.
Are there any fees associated with applying for a loan through Credit Direct?
There are no administration fees associated with applying for a Credit Direct loan. However, it is important to read the terms and conditions carefully to ensure that there are no other hidden fees that may be associated with your loan.
Can I pre-qualify for a loan through Credit Direct without affecting my credit score?
Yes, you can pre-qualify for a personal loan without affecting your credit score. The application process includes a soft credit pull, which does not affect your credit score. This allows you to see what loan options may be available to you before deciding to move forward with a loan.
What is the maximum loan amount that I can receive through Credit Direct?
The maximum loan amount that you can receive varies based on state laws. It operates in several states, including North Carolina, Oklahoma, and Pennsylvania, and offers loans up to the maximum loan amount allowed by state laws. Loan amounts can range from $1,000 to $40,000.
What is the minimum credit score required to apply for a loan through Credit Direct?
There is no minimum credit score required to apply for a Credit Direct personal loan. Instead, the company takes into account other factors that show your ability to repay the loan, which gives you a better chance of being approved.
Can I use a personal loan from Credit Direct to consolidate my credit card debt?
Yes, Credit Direct offers debt consolidation services that can be used to consolidate credit card debt. Debt consolidation can make it easier to manage multiple debts by combining them into a single monthly payment with a potentially lower interest rate.
Are there any prepayment penalties associated with loans from Credit Direct?
No, there are no prepayment penalties associated with loans from Credit Direct. This means that you can pay off your loan early without incurring any additional fees.
How can I contact Credit Direct if I have questions about my loan or the application process?
You can contact Credit Direct by calling their customer service line at (888) 730-9988. Their website also includes a contact form that you can fill out to get in touch with their customer service team.
What is the loan repayment term for loans through Credit Direct?
Loan repayment terms through Credit Direct range from 12 months to 60 months. The loan term that you receive will depend on a variety of factors, including your financial situation and credit history.
Can I apply for a loan through Credit Direct if I have a tax ID instead of a social security number?
At this time, Credit Direct cannot accept a tax ID as a form of identification. To apply for a loan through Credit Direct, you will need to provide a social security number.

Credit Direct FAQs
How much does Credit Direct charge?
Credit Direct offers fixed interest rates from as low as 4.99% APR to as high as 29.99% APR. Loan repayment terms range from 12 months all the way up to 60 months. Loan amounts can be anything from $1,000 to $40,000. And there are no administration fees!
Are there any pre-payment penalties?
At Credit Direct, there are no prepayment penalties for those who choose to pay off their loan faster than originally scheduled.
Is Credit Direct Legit or a Scam?

While Credit Direct may not be as well-known as some other lenders, there is no evidence to suggest that it is a scam. The company has been in business for 10 years and has maintained a good rating with the BBB. They also provide clear information on their website about their loan terms and conditions, which is a good sign.
However, as with any lender, it is important to read the terms and conditions carefully and compare rates with other lenders before making a decision. It is also important to ensure that you can afford the loan payments before applying for a loan.
Tips for Managing Your Finances
If you are struggling to make ends meet, there are a few things you can do to get back on track. Creating and sticking to a budget is a great way to stay on top of your finances. You can also speak with a financial advisor who can help you understand your options and develop a plan that works for your unique circumstances.
If you are already in debt, many companies are willing to work with customers to create a more manageable payment plan. So reach out to their customer service team for more information.
Conclusion
Credit Direct is a legitimate lender that offers personal loans for a variety of purposes. They have been in business for 10 years and have maintained a good rating with the BBB. Their website provides clear information on their loan terms and conditions, and they do not charge prepayment penalties. However, as with any lender, it is important to read the terms and conditions carefully and compare rates with other lenders before making a decision.
If you are struggling with your finances, there are many resources available to help you get back on track. Creating a budget and working with a financial advisor can help you understand your options and develop a plan that works for your unique circumstances. With the right resources and support, you can take control of your finances and achieve your goals.
Credit Direct
Credit Direct Review
Credit Direct is a legitimate lender that offers personal loans for a variety of purposes. They have been in business for 10 years and have maintained a good rating with the BBB. Their website provides clear information on their loan terms and conditions, and they do not charge prepayment penalties. However, as with any lender, it is important to read the terms and conditions carefully and compare rates with other lenders before making a decision.