Mariner Finance Personal Loans: A Comprehensive Overview

 Mariner Finance lends personal loans in 27 U.S. states. And specializes in helping people with fair and damaged credit. The company allows you to borrow between $1,500, $25,000 and fill out. The application online with a soft credit check won’t hurt your credit.

What Kind of Customer Is the Best Fit for Mariner Finance

Mariner Finance could work well for people who:

Bad credit and bankruptcies before: You may get approved despite your history. In contrast to many other traditional lenders. Mariner Finance does review applications from people with past bankruptcy issues, based on their terms. You are able to choose between secured and unsecured loans when deciding. You get a lower interest rate from secured loans. But you have to put up collateral (such as your car).

Mariner Finance Is Not Designed For

But not everyone will find Mariner Finance the right choice, since:

Knowing you have excellent credit could help you find lower interest rates from other lenders. However, Mariner Finance’s interest at the beginning of APR is 18.99% and it does not match the single-digit rates many lending companies use.

Mariner Finance Personal Loan

Loan Amounts and Loan Terms

• The loan amount ranges from $1,500 to $25,000 and your state and credit report can determine your eligibility.
• Customers can repay installments over 12 to 60 months.

Financial terms & cost factors

Terms: APR is 18.99% to 35.99%, set by your credit score and by state rules.

• You may need to pay origination fees, extra charges for late payments or finance fees since each country has its regulations.

Paying Back Early: There are no fees if you decide to pay back the loan earlier than due.

How to apply for an online personal loan

It is simple to begin with a loan application online; just hit “Check My Offers” on the Mariner Finance website. You need to share your name, contact info and bank account details.

• Name, address and income are all included in this report.
• Desired loan value and what it will be used for.
• A soft credit check will be performed by the company on your application without having an impact on your credit score. At this point, you will find out if you are eligible for a personal loan and what your rates or loan amount should be.

When you are prequalified, you will be asked to finish a full application. If you want a loan of less than $1,500 or more than $15,000, the company may require you to visit in person.

Eligibility Requirements

Credit Score

• Mariner Finance doesn’t publish what is required for a minimum credit score. Therefore, it reviews different elements which include:
• Credit history
• Income
• Debt-to-income ratio
• Employment status
• If your application is weak, you could include a co-signer or look for a secured loan to help.

Income

• Although there is no listed salary requirement, you must work and have a verifiable proof of income.
• Co-signers and collateral can be used to help a person get a loan.
• You are allowed to use a co-signer and it does not have to be someone from your family.

Because secured loans are risky, you must give them an asset, often a vehicle which the lender can take back if you don’t honor your agreement.

The Important Qualities and Bonuses

• Soft Credit Check Loans: Look at the loan offers without dropping your credit score.
• Within 15 days of your approval, you can cancel the loan for any reason and there are no fees involved.
• History of payments is sent to the major credit companies and this can strengthen your credit score whenever you remit on time.
• Some borrowers find a live check or offer code in the mail when they are pre approved for a loan.

Mariner Finance Reviews & What Customers Say

• According to 150+ reviews on Trust pilot, the average rating is 4.6/5. A quick process and courteous staff are what most customers value about the company.
• The Better Business Bureau (BBB) gave Consumer Brands a rating of A+, but general feedback from consumers gives that company only 1.2/5 which is low.

Be aware that how people experience Mariner Finance can be different from your own experience. Read through everything relating to your loan before agreeing to a deal.

Final Thoughts

Mariner Finance may be suitable for people who: Require flexibility in being approved for credit cards despite credit problems. Do you wish to apply for soft credit check loans? It’s usually easier to begin with an online application finance for a personal loan. If your credit is strong, see if different banks or lenders offer better rates and more money than your current lender.

 Frequently Asked Questions (FAQs).

1. Is it possible to fill out a loan application for Mariner Finance entirely over the Internet?

Yes, you start the application for a personal loan with Mariner Finance by going to their website. You can view your rates without damaging your credit score because soft credit checks are used. In some instances (with loan amounts under $1,500 or over $15,000), you are required to come to the branch for the loan process.

2. What makes a soft credit check different and how does Mariner Finance apply it?

A soft credit check allows you to look at your credit history with no effect on your overall rating. The company prequalifies you using the method, to ensure you get a suitable loan offer ahead of applying.

3. Are Mariner Finance reviews better, worse or as good as those from other lenders?

Reviews about Mariner Finance are somewhat mixed. Trust pilot gives the lender a 4.6 out of 5 rating for its customer service and how easy it is to use their loan services. But, According to Better Business Bureau complaints. Customers are unhappy with communication and are confused by the loan terms. As with any loan, taking time to review the agreement is very important.

4. What decides if I am qualified for a personal loan from Mariner Finance?

People are eligible for personal loans. Mariner Finance does not state a credit score minimum. 

5. Does Mariner Finance give funds to borrowers who have bad credit or have gone through bankruptcy?

It’s possible to get a loan from Mariner Finance even with damaged credit or a record of bankruptcy if you are applying with security or someone who will guarantee payment. So, it helps people with bad credit to improve their credit by always paying bills on time.