Mariner Finance is a consumer finance company that offers various types of loans, including personal loans, car loans, and home loans. They have gained attention through their website, marinerfinance.com, as well as direct mail offers. If you’re considering a personal loan or debt consolidation loan, you may have come across Mariner Finance.
In this blog post, we will delve into the details of Mariner Finance’s services to provide you with a comprehensive review. After careful research, we have assigned Mariner Finance a one-star rating. Let’s explore the reasons behind this rating and provide you with all the necessary information to make an informed decision.

Mariner Finance Summary
You may have received a prequalification letter from Mariner Finance in the mail, offering you a personal loan with a range of $1,000 to $6,000 for debt consolidation. Naturally, you might be wondering if this offer is legitimate and what this company is all about. Based on our analysis, we have concluded that this company is indeed a legitimate company. Here’s a breakdown of our findings:
- They provide personal loans, car loans, and home loans.
- Loan amounts range from $1,000 to $25,000, depending on the state of residence.
- Mariner Finance personal loans range between $1,500 and $15,000 and may be funded directly by them, while larger or smaller loans are funded through their branch network.
- Annual Percentage Rates (APRs) are primarily determined by the state of residency and credit score.
- Not all applicants qualify for the lowest interest rates or larger loan amounts.
- Interest rates and fees depend on various factors such as state laws, loan amount, terms, credit history, income, and availability of collateral.
Understanding these key points about Mariner Finance’s operations is crucial when considering their services. Now, let’s take a deeper dive into what Mariner is and how it functions.
What is Mariner Finance?

Mariner Finance is a loan company specializing in personal loans, including debt consolidation loans, home loans such as mortgage loans, and car financing loans. The specific loan amounts, rates, and terms offered vary depending on the state of residency.
Headquartered in Nottingham, Maryland, Mariner has been in business for 20 years. It was previously a wholly-owned subsidiary of 1st Mariner Bancorp until 2010. Although the company is not accredited by the Better Business Bureau (BBB), it has an A+ rating on its platform. However, it’s important to note that Mariner Finance has received mixed reviews from customers. They currently have an average rating of 1.25 out of 5 stars based on 105 customer reviews. Furthermore, they have 327 complaints closed within the last three years, with 123 of them in the past 12 months.
How does Mariner Finance work?
Mariner Finance offers multiple channels for the loan application process, including phone, online, or in-branch applications. To apply, you’ll need a government-issued photo ID and proof of income, such as pay stubs or bank statements. The lender prefers pay stubs for income verification but also accepts W-2 or 1099 forms, personal tax returns, or Social Security award letters. Their online application process uses a soft inquiry, which does not impact your credit score, to determine eligibility. However, if you proceed with the application, a hard inquiry will be conducted, potentially affecting your credit score temporarily.
Once you submit your application, you can typically expect to receive a response the same day. If approved, you’ll have the opportunity to review personalized loan offers tailored to your needs.
Once you accept an offer from them, they will verify the information provided. After the verification process is complete, the funds can be either deposited directly into your bank account or made available for pick-up at one of their branches.
When it comes to fees and terms, it offers APRs ranging from 18% to 35.99%. You can select repayment terms of 12 to 60 months. It’s important to note that to qualify for the lowest rates or larger loan amounts, you may be required to provide collateral in the form of an insured vehicle.
Keep in mind that not all rates and loan amounts are available in every state. Additionally, loan offers may come with additional fees that must be factored into your regular payments. Certain fees may be treated as prepaid finance charges based on your state’s regulations.
To make payments on your loan, it provides several options. You can pay online, by phone, by mail, or by visiting a Mariner Finance branch in person. These options offer flexibility for borrowers to choose the most convenient method for their circumstances.

Mariner Finance BBB Reviews
Mariner Finance has an A+ rating from the BBB; however, it’s important to note that they are not accredited. Over the past three years, they have closed 327 complaints, with 127 of them resolved within the last 12 months. The most common complaints are related to billing and collections, customer service, and problems with the product or service. This information should be taken into consideration when evaluating the overall customer satisfaction and experience with the company.
Can Mariner Finance Help Me Consolidate My Debt and Improve My Financial Situation?
Yes, it offers debt consolidation loans that can help you simplify your finances and potentially lower your overall interest rates. By combining multiple debts into a single loan, you can streamline your monthly payments and have a clearer path toward becoming debt-free. It assesses your individual situation to determine the loan amount, interest rate, and repayment terms that best suit your needs.
What Sets Mariner Finance Apart from Other Lenders in Terms of Customer Service?
Mariner prides itself on its commitment to exceptional customer service. Their experienced loan officers take the time to understand your financial goals and work with you to find the most suitable loan option. They offer personalized assistance throughout the loan application process, ensuring that you receive clear explanations, prompt responses, and guidance to help you make informed decisions.
How Does Mariner Finance Protect My Personal and Financial Information?
It prioritizes the security of customer information. They employ robust data protection measures, including encryption technology, to safeguard your personal and financial data from unauthorized access. Additionally, they adhere to strict privacy policies and comply with relevant data protection regulations to ensure the confidentiality of your information.
Can I Access Mariner Finance’s Services Online, or Do I Have to Visit a Physical Branch?
Mariner understands the importance of convenience and accessibility. While they have a network of over 480 branches nationwide, they also provide the option to apply for loans online. Their user-friendly website allows you to submit your application from the comfort of your own home, making the process more convenient and efficient.
How Does Mariner Finance Determine Loan Eligibility and Interest Rates?
Mariner assesses loan eligibility and determines interest rates based on several factors. These include your state of residency, credit score, income level, employment history, and overall financial profile. By evaluating these factors, it tailors loan offers to fit individual circumstances, ensuring that borrowers receive competitive rates and terms.
Can Mariner Finance Accommodate Borrowers with Less-than-Perfect Credit?
Yes, Mariner understands that not everyone has a perfect credit history. They consider applicants with a range of credit scores and take a holistic approach to evaluating creditworthiness. Even if you have less-than-ideal credit, it may still be able to offer you a personal loan online option that suits your needs.
What Happens If I Encounter Financial Difficulties and Am Unable to Make My Loan Payments?
Mariner Finance recognizes that financial circumstances can change unexpectedly. If you encounter difficulties in making loan payments, it is important to contact their customer service as soon as possible. It offers options for loan restructuring, alternative payment arrangements, or other potential solutions to help you navigate through financial challenges.
How Transparent Is Mariner Finance Regarding Loan Terms, Fees, and Conditions?
Mariner Finance places great emphasis on transparency. They provide detailed information about loan terms, fees, and conditions upfront, ensuring that borrowers have a clear understanding of their obligations. By presenting comprehensive loan agreements and being readily available to address any questions or concerns, it strives to foster trust and transparency in its lending process.
Can I Make Additional Payments or Pay Off My Mariner Finance Loan Early?
Absolutely! Mariner Finance encourages borrowers to take control of their finances and offers the flexibility to make additional payments or pay off the loan before the scheduled maturity date. By doing so, you can potentially save on interest costs and accelerate your journey to financial freedom.

Mariner Finance FAQs
To address some common questions, let’s provide answers to frequently asked questions about Mariner Finance:
1. In which states does Mariner Finance operate?
Mariner Finance operates in 27 states and has a wide network of over 480 branches nationwide. You can apply for a Mariner Finance personal loan if you reside in one of the following states: Alabama, Arizona, California, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, North Carolina, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, or Wisconsin.
2. What types of personal loans does Mariner Finance offer?
Mariner Finance offers various types of personal loans to suit different financial needs. These include debt consolidation loans, home improvement loans, loans for wedding expenses, vacation loans, loans for unexpected expenses, car loans, car refinancing loans, home purchase loans, and home refinance loans. Personal loans provide fixed rates and monthly payments, making it easier for borrowers to budget their repayment schedules. Depending on your credit history and other factors, you may qualify for an unsecured personal loan that does not require collateral.
3. Who is Mariner Finance affiliated with?
Mariner Finance LLC is affiliated with Personal Finance Company LLC. Mariner Finance acquired the company in 2017, leading to the unification of its brands and services.
4. Does Mariner Finance require collateral?
Mariner Finance offers both unsecured and secured personal loans. Secured personal loans require collateral, such as a vehicle or property, while unsecured personal loans do not. The specific loan terms and requirements will depend on your individual circumstances and creditworthiness.
5. Does Mariner Finance report to credit bureaus?
Yes, Mariner Finance reports directly to Equifax, TransUnion, and Experian. This means that your repayment history with Mariner Finance can impact your credit score. It’s crucial to make timely payments to avoid any negative effects on your credit.
Conclusion: Is Mariner Finance Legit?
After thoroughly researching Mariner Finance, we have concluded that Mariner Finance is a legitimate company that offers a range of personal loan options, including debt consolidation, home loans, and car financing loans. They have been in business for 20 years and have a significant presence with numerous branches across 27 states.
While Mariner Finance has an A+ rating from the BBB, it’s important to note that they are not accredited and have received mixed reviews from customers. With an average rating of 1.25 out of 5 stars based on customer reviews, it indicates a level of dissatisfaction among some borrowers. Furthermore, the number of complaints filed against the company is noteworthy and should be taken into consideration.
When considering Mariner Finance for a loan, it’s essential to carefully review the terms, interest rates, and fees associated with the loan. Additionally, understanding the potential impact on your credit score and being able to afford the repayment schedule is crucial.
While Mariner Finance offers a variety of loan options and has a straightforward application process, it is recommended that borrowers explore alternative lenders and compare offers to ensure they are getting the most favorable terms and conditions for their specific financial needs.
In conclusion, Mariner Finance is a legitimate lending company that provides personal loans, car loans, and home loans. However, due to mixed customer reviews and the significant number of complaints, it is important to thoroughly evaluate loan terms, interest rates, and fees before making a decision. Consider exploring other lending options and comparing offers to ensure you find the best solution for your financial circumstances.
Mariner Finance
Mariner Finance Review
While Mariner Finance has an A+ rating from the BBB, it’s important to note that they are not accredited and have received mixed reviews from customers. With an average rating of 1.25 out of 5 stars based on customer reviews, it indicates a level of dissatisfaction among some borrowers. Furthermore, the number of complaints filed against the company is noteworthy and should be taken into consideration.