Is Credit Ninja a real thing?
Absolutely! CreditNinja is a reputable and trustworthy online lender, offering personal installment loans to borrowers in need.
Credit Ninja is a secure website that allows consumers to apply for online personal loans. Since 2018, Credit Ninja has been helping borrowers across the nation access fast emergency cash for all types of unexpected expenses.
CreditNinja is a superior online lender offering more affordable personal loans for borrowers with low credit scores. Our quick and easy loan process allows you to get the cash you need, at ninja speed. If you're currently experiencing a financial emergency, CreditNinja is here to help.
Verifying someone's banking info can help companies making or receiving payments ensure that the account is correct.
Key Takeaways:
A NINJA loan is extended with no verification of a borrower's assets. NINJA loans largely disappeared after the U.S. government issued new regulations to improve standard lending practices after the 2008 financial crisis.
The process has been simplified so you can order the report online. These checks are considered soft, and they do not affect your credit score. This is why many applicants use them to get prepared for any loan, apartment, or job applications.
While CreditNinja doesn't look at your traditional FICO score, we review your credit history through a separate credit company. Other factors that will affect your application are your income, other outstanding loans, and your overall ability to repay the loan.
CreditNinja is a Chicago-based online lender offering high-cost personal loans — in some cases, you could end up paying double (or more) the amount you borrow, no matter how quickly you pay off the loan.
If you have already created a CreditNinja account in the past, to reapply please log in to your account. Once logged in, if you are eligible to reapply, you will see a button to click. How much can I borrow? Generally, we offer unsecured loans up to $5,000.
Under the NINJA loan framework, the lending institution would offer the loan based on the borrower's credit score with no additional verification for items such as assets or income. In other words, if you met the credit score threshold, you were able to acquire a NINJA loan.
How long does CreditNinja funding take?
If approved for a CreditNinja loan, you may get your money as soon as the same day, or the next business day. * In fact, depending on specific qualification criteria, consumers can get approved for funds in just a few minutes!
Direct lenders can be banks, nontraditional lending institutions, or the government. CreditNinja is also a direct lender. We offer direct installment loans to our borrowers.
Verifying income through documents such as bank statements and pay stubs. Checking all debts remaining from the borrower.
High risk: Ninja loans were considered high-risk loans due to the lack of verification of the borrower's ability to repay the loan. As a result, lenders charged higher interest rates to offset the risk. Borrowers who took out these loans often found themselves with high monthly payments that were difficult to manage.
CreditNinja is an online lender similar to Little Lake Lending. However, both options offer unique benefits and loan terms. Little Lake Lending offers tribal loans, while CreditNinja offers traditional installment loans.
- Unrealistic guarantees for approval. ...
- Upfront fees and hidden costs. ...
- Pressure to act immediately. ...
- Unsolicited loan offers. ...
- Vague or absent contact information. ...
- Lack of physical address. ...
- No registration or license. ...
- Unsafe websites and requests for personal information.
Applying for Installment Loans Online With Bad Credit
This means you can be approved simply based on your borrowing history, income, and a promise to repay. CreditNinja offers personal installment loans online, for borrowers with bad credit.
Finding a CreditNinja Alternative is Easy
Lending networks such as MoneyMutual and CashUSA.com do an exceptional job of connecting borrowers with personal loans for any purpose. Each one has hundreds of direct lenders ready to “make a deal.”
Many give preference to borrowers with good or excellent credit scores (690 and above), but some lenders accept borrowers with bad credit (a score below 630). The typical minimum credit score to qualify for a personal loan is 560 to 660, according to lenders surveyed by NerdWallet.
Ask Someone To Co-Sign
Getting a personal loan with a co-signer that has a strong credit score and a solid income can boost your application. Your co-signer – ideally, a family member or close friend – will apply alongside you, and you'll both be responsible for repayment of the loan.
Is NetCredit good?
NetCredit has a B from the Better Business Bureau. NetCredit was rated an excellent 4.8 out of 5 stars on TrustPilot from over 20,000 reviews. In 2023, the Consumer Financial Protection Bureau received 227 personal-loan-related complaints about Enova International Inc., NetCredit's parent company.
Millions of people use Credit Karma to track their credit scores. The company is highly transparent and provides its services through VantageScore. Thus, it offers a reliable snapshot of your current credit status. You can also use Credit Karma to spot inaccuracies in your credit report.
| Site | Credit Score Cost | Free App? |
|---|---|---|
| WalletHub | $0 | Yes |
| Credit Karma | $0 | Yes |
| Credit Sesame | $0 | Yes |
| CreditWise | $0 | Yes |
| Website | Update Frequency |
|---|---|
| WalletHub | Daily |
| Credit Karma | Daily |
| Credit Sesame | Daily |
| Credit.com | Monthly |
Fee paid to a lender by a borrower as consideration for making a new loan. An upfront fee is distinguished from a commitment fee and the interest rate paid on the loan.
