• Who qualifies for an installment loan in Arlington, TX?
The following are the prerequisites for an installment loan from Loan Ridge:
- Be at least 18 years old.
- Be a Texas resident and a U.S. citizen or permanent resident.
- Have an active bank account.
- Demonstrate a reliable source of income.
- Provide a valid contact number and email address.
• How long will the process for applying take?
Our application process is quick and efficient when compared to other lenders. Approvals are typically granted within 5 minutes.
• Do I need to disclose what the money is used for?
No, you are not required to explain the purpose of your loan. The funds are yours to use as you see fit.
• Can I pay back my loan in full?
Yes, you can repay your loan in full or make extra payments without any penalties or fees.
• How many times can I apply for a loan?
You can reapply as often as needed, provided you meet the eligibility requirements each time.
• What is the difference between payday loans and Loan Ridge loans?
- Our installment loans in Arlington have a longer term compared to payday loans which typically require payment on your next payday.
- We offer more affordable rates compared to payday loans.
- We can provide you with higher loan amounts than payday loans can.
• Can I get a loan if I have declared bankruptcy?
Yes, if your bankruptcy has been discharged and is no longer active, you can apply.
• How will I receive my money?
Funds are deposited directly into your bank account or transferred electronically for your convenience.
• How do I make payments?
Payments are automatically deducted from your bank account on the scheduled dates as part of a pre-approved arrangement.
• Can I pay off my loan earlier?
Yes, you have the choice to make payments before the due date or even submit a payment that exceeds the required amount during the scheduled due date.
• Is my personal information secure?
We prioritize your privacy and utilize security measures to protect all communications and data.
• Are there any additional fees for taking out a loan?
No. All fees are clearly outlined in your loan agreement, with no surprises.
• Can I increase my current loan or get a second loan?
If you have a good payment history and have made timely payments, you may qualify for a loan increase or an additional loan.
• What happens if I don’t have enough money in my bank account when payment is due?
We acknowledge that life circumstances can be uncertain. If you foresee any difficulties in making a payment, please don’t hesitate to reach out to us promptly at 1 (888) 431-0031. Our loan experts in Arlington will work together with you to find a solution and address the situation.
• Why was my application declined?
Loan applications may be declined if certain criteria are not met. Factors such as income, debt levels, and available credit are taken into consideration during the review process.