Mariner Finance offers both secured and unsecured personal loans of up to $25,000. Applicants can pre-qualify without hard credit pull, add co-signers and refinance existing debt consolidation loans.
Mariner offers higher starting rates compared to other lenders, as well as possible origination fees and one-time payment fees (depending on state law). Unfortunately, they only serve 27 states.
Pre-Qualification
Mariner Lending Group makes prequalifying for loans easy whether online, in-person, or by phone. Their soft credit check won’t have any adverse affect on your score and the lender will then demonstrate potential loan amounts and terms to applicants. When applying, applicants must provide personal data such as their name, address, email, Social Security Number (if available) as well as documents like paystubs or tax returns to complete the process.
Mariner Finance offers both secured and unsecured loans; secured loans require collateral in the form of a car, home or other item to secure them. They report your timely payments to all three major credit bureaus so doing business with Mariner can actually improve your score!
To begin the application process with Mariner, visit its website and fill out your information. Its user-friendly navigation makes submitting documents easier; and there’s also a mobile app to streamline the process further.
Mariner Lender offers professional customer service representatives that are helpful and friendly, and has earned itself an excellent rating on Google and Trustpilot. While Mariner may be an appropriate option for those with poor credit, it’s wise to compare rates and loan terms before settling for Mariner. Other lenders may provide lower APRs or larger loan amounts. Avant is another lender which serves borrowers with poor credit; its low APR rates apply only when qualifying applicants meet its criteria.
Apply Online
Mariner Finance does not require a minimum credit score to prequalify, though online applicants should expect to submit documentation such as government-issued ID, proof of income and residency verification before engaging in a hard credit inquiry that could cause their score to decrease by several points. If approved for a loan by Mariner, funds will either be sent directly into your bank account or can be picked up from any local branch in person – with on-time payments reported back to all three major credit bureaus for long-term benefit and to build up an improved credit profile over time.
Mariner offers higher personal loan rates than some lenders; however, cosigners can be used to increase chances of approval and no late fee is charged by Mariner.
Mariner Finance can be an ideal solution for people with poor credit; however, if your credit score or money needs have increased it may be wiser to explore other lenders. Avant and Upstart have lower rates while OneMain Financial accepts cosigners with a lower credit requirement and accepts them as cosigners as well. When considering applying with cosigners be sure they possess good credit histories and can handle repayment responsibilities without becoming financially burdensome over time. It would also be worthwhile reading customer reviews of Mariner before signing the loan contract – some have noted how the lender does not disclose all fees/rates upfront leading them down unexpected paths down the line resulting in surprise costs down the line.
Review Loan Offers
Mariner Finance provides personal loans of up to $25,000. In addition, Mariner offers debt consolidation loans that allow you to combine several outstanding loans into one single monthly payment. You should only take out a personal loan with Mariner if you can afford the payments – late or missed payments will affect your credit score, so make sure your loan fits within your budget and set up automatic payments to avoid late fees or overdue balances.
Before submitting an application to Mariner, be sure to carefully assess their rates and terms by using their online calculator and comparing loan terms from other lenders that serve your state.
Once complete, submit your application and documents either online or at one of Mariner Finance’s branch locations. Information typically gets verified within 24 hours and loans approved within two days if approved; funds will either be directly deposited into your bank account or given directly as a check by Mariner Finance.
Some borrowers may prefer secured Mariner Finance personal loans, which require you to pledge collateral such as your car or other types of property as collateral for repayment if necessary. Doing this can allow them to qualify for larger loan amounts at lower APRs – plus adding cosigners is also available if payment fails in future!
Finalize the Agreement
Mariner Finance makes the loaning process straightforward, and you should carefully read through and comprehend all its terms before signing anything. Apply online, talk to one of their representatives by phone, email, or stop into one of their branches for help if you have poor credit; just be mindful that some fees might apply in addition to higher interest rates such as late charges.
Mariner Finance personal loans can be used for many different purposes, from debt consolidation and home improvement projects to unexpected expenses. They also offer auto loans and personal lines of credit.
Mariner Finance pledges its dedication to “providing hardworking consumers with responsible access to credit in an equitable, respectful and efficient manner.” However, there have been allegations against Mariner Finance of concealing add-on products and pushing them on customers without their knowledge or permission. Oregon Attorney General Ellen Rosenblum filed a multistate lawsuit alleging violation of federal consumer protection laws by Mariner Finance in September 2021.
Your loan documents outline certain requirements; in addition to this, it is your responsibility to abide by any funds transfer system’s rules and regulations as well as all state and federal laws applicable to you. If you fail to fulfill your loan agreements obligations under their terms, Mariner Finance may use various collection agencies or continue working the account directly with its team of specialists.