Lender
Credit9 Review
Update 31.10.2024
Credit9 Review: Features, Rates, Requirements, and Customer Feedback of 2025

Information

Credit9 is a debt consolidation and personal loan company that helps people manage high interest debt with installment loans. With a simple online application they offer fixed rate loans so you can make predictable monthly payments. Credit9 has an A+ rating with the Better Business Bureau and 4.5 stars on Trustpilot for service transparency and speed.
Legal name
Credit9, LLC
Short name
Credit9
Legal address
18200 Von Karman Ave Ste 500 Irvine, CA 92612-7145

About Lender

Credit9 is a debt consolidation lender founded in 2013 and based in Irvine, CA with an affiliation to Americor. They specialize in personal loans for people with lower credit scores. Credit9 offers debt consolidation solutions to simplify payments and help clients manage multiple debts into one fixed monthly payment. They cater to people with high interest credit card debt and offer an alternative to consolidating those balances into more manageable payments although often at high interest rates since many of their borrowers have poor credit.

Credit9 has an A+ rating from the Better Business Bureau (BBB) and is BBB accredited which shows their commitment to transparency and customer service. They often mail personalized offers to potential clients based on the applicant's profile.

credit9 review

Key Features

  • Fixed Simple Interest. Credit9 offers installment loans with fixed simple interest rates not credit cards which use compound interest.

  • No Hidden Fees. Credit9 loans have no hidden charges, prepayment penalties or application fees. The only fee is the one-time loan origination fee.

  • Potential Credit Improvement. By consolidating and paying off high interest credit card debt customers can improve their credit score due to lower credit utilization ratio and better debt to income ratio.

  • Wide APR Range. Credit9 offers variable APRs but some users report getting higher rates than what was advertised so APRs may vary based on individual profiles.

Pros and Cons

Pros

Cons

Reliabilty

How to Apply for a Credit9 Loan?

Apply For a Loan

  1. Visit the Website. Go to the Credit9 official website.

  2. Click "Check My Rate." Select the "Check My Rate" button to begin your loan application.

  3. Answer Why You Need a Loan. Choose the reason for your loan request.

  4. Click "See Your Options." After selecting your reason, click to see available loan options.

  5. Enter Personal Details. Provide your name, phone number, email, and zip code.

  6. Click Continue. Proceed by clicking "Continue" and follow the remaining steps to complete the loan application process.

Conditions and Requirements

Conditions

Requirements

Ways to Recieve the Money

Products

Other Personal Loans

Reasons for Loan Refusal

Credit9 may deny a loan application for many reasons including low credit score, insufficient income or high debt-to-income ratio which means higher risk of default. If an applicant doesn’t meet the minimum eligibility requirements such as age, residency or employment requirements the loan application may be denied. Incomplete or inaccurate information provided during the application process can also cause denial as well as state specific restrictions or requirements that prevent Credit9 from lending to certain applicants. These reasons ensure Credit9’s lending practices are responsible and compliant with regulations.

Check Credit Score

How to Repay a Credit9 Loan?

Repay

To pay a Credit9 loan, borrowers set up automatic payments from their bank account so payments are made on time according to the loan’s installment schedule. Payments are monthly based on the loan terms and borrowers can make extra payments or pay off the loan early with no prepayment penalties. Credit9 has an online portal where borrowers can manage payments, view balance and make changes as needed. For any questions or to change payment method, borrowers can contact Credit9’s customer service.

Loans like Credit9

OppLoans

Apply for a Loan

OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey.

About OppLoans

Rise Credit

Apply for a Loan

RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.

About Rise

OneMain Financial

Apply for a Loan

OneMain Financial stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid.

About OneMain Financial

Universal Credit

Apply for a Loan

Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.

About Universal Credit

Editorial Opinion

Credit9 offers debt consolidation and personal loan options to help customers manage their financial responsibilities through fixed rate installment loans. With A+ rating from Better Business Bureau and positive reviews on Trustpilot, Credit9 is known for its transparency and support in debt consolidation. However some borrowers reported discrepancy between initial low APR and final rate upon approval so borrowers should review loan terms before committing. As part of Cross River Bank network, Credit9 is regulated by financial institutions so it’s a safe option for those looking for simple debt repayment.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

Sources

    FAQ

    How do you qualify for a Credit9 loan?

    How much can you borrow from Credit9?

    Does Credit9 approve everyone?

    Is Credit9 a good lender?

    04.02.2022
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    Update 31.10.2024
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