If you have bad credit and need an urgent loan, get help from Mariner Finance. This article will give you an overview of how Mariner Finance can help people overcome financial difficulties.
What is Mariner Finance?
Launched in 1927 with headquarters in Maryland, Mariner Finance has over 480 branches across 27 states. They can help you get loan approval on the same business day. Mariner Finance is ideal for people who have declared bankruptcy, want to file a joint application, or require a co-signer. No minimum credit score required to get approved.
What services do they offer?
A personal loan from Mariner Finance can support a variety of requirements, including:
Note: Borrowers cannot use loan facilities to finance illegal activities.
Mariner Finance offers services that allow:
How does Mariner Finance Loan work?
You can apply for a Mariner Finance personal loan over the phone, in a branch, or digitally in about five minutes. You may validate with a government-issued photo ID, like a driver's license or passport, and employment proof. Mariner Finance verifies through pay stubs but can acknowledge bank records, W-2 or 1099 forms, individual tax returns, or Social Security award letters.
Things you need
You should also bring the following things if you apply at a branch:
When you apply for a loan online, a soft inquiry is conducted, which will not harm your credit score. As part of your application process, Mariner Finance will hard pull your credit again, which may temporarily lower your score.
Processing and tools
You will be notified of the decision within one business day. If you are approved, you will be able to evaluate customized loan offers that could be suitable for your needs. In addition to offering secured and co-signed personal loans, Mariner Finance also provides unsecured loans depending on your credit history. They provide many tools.
You are eligible for a Mariner Finance personal loan if your credit score is fair to good. Loans between $1,500 and $15,000 can get funded online. Loans under $1,500 or higher than $15,000 get funded via Mariner Finance branches. Personal loans are available in sums ranging from $1,000 to $25,000, with the upper and lower limits determined by your state of residency and underwriting.
Rates and fees vary by state, loan amount, term, and capacity to achieve Mariner Finance's credit eligibility requirements. This factor includes credit records, earnings, borrowing, and financial assets available as collateral.
Minimum credit score
Mariner Finance does not set a minimum credit score for borrowers to qualify for a loan. The loan company analyzes all loan applications in an integrated way. Based on underwriting requirements, applicants who have declared bankruptcy may get approved for a personal loan.
Rates and fees
Mariner Finance personal loans have Annual Percentage Returns (APRs) ranging from 18.99% to 35.99%. There is no prepayment penalty or origination fee.
Loan offers may be subject to additional fees, and some fees required or permitted by your state may get treated as prepaid finance charges.
The repayment terms can vary between 1 to 5 years. Borrowers can pay fees by phone, online, via mail, or directly at a branch. You can enable automatic payments, and if you pay off your loan early, you don't get penalized.
Loan offers are subject to higher fees. Some fees required or allowed by your state could get regarded as prepaid finance fees. These are one-time charges that must be paid on top of the regular loan payments.
Pros & Cons
Need a Personal Loan?
Mariner Finance has over 480 branches nationwide and serves in 27 states:
- North Carolina
- New Jersey
- New Mexico
- New York
- South Carolina
Mariner Finance is not accredited by the Better Business Bureau, but has an A-plus rating. TrustPilot gives Mariner Finance 4.6 out of 5 stars from 169 reviews, which is an above-average rating.
In 2020, the Consumer Financial Protection Bureau received 46 complaints about Mariner Finance personal loans. The most common concerns were unpredictable interest rates and fees, difficulty repaying loans, inaccurate information on credit reports, and payment issues. The business responded quickly to all grievances, which were all resolved.
They provide good customer care based on online feedback. Contact your local Mariner Finance branch or call 877-310-2373 if you have a question or need a problem addressed. The company is open from 9 am to 5 pm on Monday, Wednesday, and Thursday; Tuesday, 9 am to 7 pm; and Friday, 9 am to 5:30 pm.
You could also reach out to the company through its website, marinerfinance.com, by clicking on Customer Support in the upper left corner. When you scroll down, you will see a “Send a message" button. Click the button, fill out the form and wait for the response.
Loans are secured or co-signed: Borrowers get loans by offering assets as collateral/security or adding a co-signer to their application. This will reduce interest rates or increase the loan amount. Either way, you may face consequences if you fail to repay the loan. A secured loan allows the lender to repossess your vehicle, and a co-signer is liable for missed payments.
Pre-qualification using a soft credit check: Mariner Finance allows borrowers to pre-qualify online to check their potential rate and amount without affecting their credit. A few applicants get referred to a branch even if no offer gets made.
Money back: Borrowers have 15 days after receiving their loan to return. There are no fees or interest to pay, which is uncommon among lenders.
Mariner Finance Personal Loan is an excellent choice for people who:
- Need money quickly
- Have low credit scores and may have filed for bankruptcy
- Can afford potentially high-interest rates
- Live in any of the 27 states where the company serves