Lender
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3.8
(22 Ratings)

Mariner Finance Review

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About Lender

Mariner Finance is a consumer finance company that offers personal loans and more to individuals. Founded in 2002 and now one of the largest personal loan providers in the US with over 500 locations across the country. Mariner Finance offers various lending options such as debt consolidation, unexpected expenses, vacation, car, home, mortgage, personal loans, and auto, home or current loan refinancing.

The reasons why the company is so big are no credit score required from applicants, multiple personal loan options, multiple branch locations and the ability to post collateral or get a co-signer. Mariner Finance was founded in 2002. Now located in Town Center Drive Baltimore, United States. Has over 500 branch locations in 27 US States.mariner finance review

Key Features

  • Personal Loans. Mariner Finance offers unsecured personal loans and secured loans to finance various expenses.

  • Bill Payment Services. The company offers bill payment services to make it easier to manage your finances and pay bills on time.

  • Credit Reporting. The company provides credit reporting services to monitor your credit and improve your credit score over time.

  • Financial Education. The lender offers financial education resources and tools to help its customers understand their finances and make informed financial decisions.

  • Insurance Products. Borrowers are offered life insurance and accidental death and dismemberment insurance to protect your financial future.

  • Online and Mobile Access. Customers have access to online and mobile access to its services so you can manage your finances anywhere, anytime.

  • Experienced Staff. The company has experienced and knowledgeable staff to help you achieve your financial goals.

    Pros and Cons

    Pros

    • Multiple Products and Services. Mariner Finance offers personal loans, lines of credit, bill payment services, credit reporting and insurance products so it’s a one stop shop for many of your financial needs. Mariner Finance allows customers to apply for a loan in multiple ways. Customers can apply over the phone, in person or at a branch location. The company allows customers with filed bankruptcy, bad credit score and co-signer to be eligible for a personal loan.

    • Multiple Repayment Options. The company offers multiple repayment options to make it easier to pay back your loan.

    • Online and Mobile Access. Mariner Finance has online and mobile access to its services so you can manage your finances anywhere, anytime.

    • Experienced Staff. The company has experienced and knowledgeable staff to help you achieve your financial goals.

    Cons

    • High Interest Rates. Mariner Finance loans have high interest rates.

    • Short Repayment Period. Some of the company’s loans have short repayment periods which can be less flexible than other loan options.

    • Limited Availability. Mariner Finance is only available in a few states so it may not be an option for everyone.

    • Potential Fees. Mariner Finance may charge fees for its services such as origination fee or late payment fee which can add to the cost of the loan.

    Reliability

    • Reputation. Mariner Finance has been around for over 20 years and has helped thousands of people achieve their financial goals. They have good reviews and are known for their quality financial products and services.

    • Financial Stability. Mariner Finance is financially sound as a subsidiary of New Residential Investment Corp., a publicly traded REIT. This gives them access to a lot of capital and resources.

    • Customer Service. They have experienced and knowledgeable staff to help with your financial needs. Plus, online and mobile platforms for easy access to their services.

    • Regulatory Compliance. Mariner Finance follows federal and state financial services regulations so their products and services meet high standards of quality and integrity.

    How to Apply for a Mariner Finance Loan?

    Apply For a Loan

    1. Apply for a Loan. You can apply for a loan with Mariner Finance online or at one of the company’s branch. During the application process you need to provide personal and financial information such as income, expenses and employment information.

    2. Review and Accept the Loan Offer. Once your loan application is processed, Mariner Finance will provide you with a loan offer that includes the loan amount, interest rate, repayment terms and any fees. You need to review the offer and accept the terms if you want to proceed with the loan.

    3. Sign the Loan Agreement. If you accept the loan offer, you need to sign a loan agreement that outlines the terms and conditions of the loan. This agreement will include information about the repayment terms, interest rate and any fees.

    4. Receive the Funds. After you sign the loan agreement, Mariner Finance will disburse the loan funds to you. The funds will be deposited to your bank account or mailed to you depending on the loan product and your preference.

    5. Repay the Loan. You need to make regular repayments on your loan until it is fully paid. The amount and frequency of your repayments will depend on the loan product and the loan agreement.

    Conditions and Requirements

    Conditions

    • Loan Amounts. Personal and car loans are $1,000 to $25,000 depending on your credit and other factors.

    • Personal Loans. Secured or unsecured based on your credit and other factors.

    • Car Loans. Mariner Finance has flexible terms for buying a new car or refinancing an existing car loan.

    • Home Loans. Loans for new home purchases or refinancing an existing mortgage, specific documentation required for the application process.

    • Application Process. All loan types have a simple and fast process to meet your financial needs.

    Requirements

    • Personal Identification. You must provide a government-issued photo ID and a Social Security card.

    • Proof of Residence. A document verifying your current address.

    • Proof of Income. You need to submit proof of income, such as pay stubs or employment verification.

    • Self-Employed Applicants. If self-employed you must provide recent tax returns and bank statements.

    • Loan Type Requirements. These requirements apply to all loan types, personal, car and home loans.

    Ways to Receive the Money

    Mariner Finance has two ways to get the loan funds. One way is through checks mailed by Mariner Finance to pre-screened and approved individuals which can be deposited or cashed at a bank, preferably where the check is drawn. Consumers who receive prescreened credit offers can use the offer code enclosed to accept the offer online, complete the verification and have the funds deposited to their bank account. Both ways to get the loan amount once approved.

    Products

    • Personal Loan. Mariner Finance offers unsecured personal loans and secured loans to help individuals fund various expenses such as debt consolidation, home improvement projects and medical expenses. Loan amounts for in-person applicants range from $1,000 to $25,000 and starts at $1,500 for online applicants. Loan terms are 1 to 5 years. Minimum credit score is 580. Mariner Finance personal loans and mortgage loans have origination, late, non-sufficient funds, one-time and phone payment fees.

    • Debt Consolidation Loans. These are the loans for customers who want to pay off various unsecured debts such as credit cards, medical bills and high interest loans by combining them into one loan with one monthly payment.

    • Car Loans. Mariner Finance car loans are for customers who want to purchase a new or used car or make auto refinance. Amounts for this type of service starts at $500 and goes up to $50,000. The company offers car loan products at 3% APR to 36% APR at loan terms 12 to 72 months. Also, car loans have longer terms up to 144 months.

    • Home Loans. Mariner Finance also offers conventional FHA and VA home loans that can be used for refinance options at a lower rate and shorter loan term, bill consolidation or cash-out options. Online home loan closing is within 45 days or less. Loan terms, loan amounts and APR vary by state but usually the same as personal loans.

      Other Personal Loans

      Reasons for Loan Refusal

      Mariner Finance may deny a loan for poor credit history, insufficient income or lack of documentation. Mariner Finance does consider applicants with bankruptcy history but final approval is subject to underwriting requirements.

      Check Credit Score

      How to Repay a Mariner Finance Loan?

      Repay

      To pay a loan at Mariner Finance you have several options. You can use the Customer Account Center online to make single payments, set up recurring payments, check your balance and view your payment history. Or you can pay in person at any Mariner Finance branch, by phone from your bank account or by mail. Note that recurring payments, in-person payments and mailed-in payments are fee-free but some states may charge fees for one-time online or phone payments.

      Loans like Mariner Finance

      OppLoans

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      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.

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      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.

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      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.

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      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

      Mariner Finance is different from other lenders, they go beyond credit scoring to a more holistic approach to creditworthiness. They consider employment and income in their evaluation, something many other lenders miss.

      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 Mariner Finance Personal Loan?

      To qualify for a personal loan, you generally need to meet the following requirements:

      1. Age. You must be at least 18 years old to apply for a Mariner Finance loan.
      2. Income. You must have a steady income, either from employment or other sources, to repay the loan.
      3. Residency. You must be a resident of one of the states where Mariner Finance operates.
      4. Credit Score. Company requires a minimum credit score of 550, although a higher credit score can increase your chances of approval and lower your interest rate.
      5. Debt-to-Income Ratio. Your debt-to-income (DTI) ratio must be within Mariner Finance's guidelines. DTI is a measure of how much of your income goes toward debt repayment each month.
      6. Bank Account. You must have a valid checking or savings account to receive the loan funds and repay the loan.
      7. Other Requirements. Lender may also require other information, such as employment information, to determine your eligibility for a loan.

      It's important to note that meeting the minimum requirements does not guarantee approval for a Mariner Finance personal loan. The company considers a range of factors when evaluating loan applications, including credit history, income, and debt obligations.

      How Much Can You Borrow From Mariner Finance?

      Company offers personal loans with amounts ranging from $1,000 to $40,000, depending on the individual's creditworthiness and other factors. The actual loan amount that you are eligible for will depend on your credit score, income, debt-to-income ratio, and other factors.

      It's important to only borrow what you need and what you can afford to repay. Taking out a loan with a higher amount than you need can result in paying more in interest and fees over time. Before applying for a loan, it's a good idea to create a budget and determine how much you can afford to repay each month. This will help you avoid taking on more debt than you can handle and ensure that you are able to successfully repay the loan.

      Does Mariner Finance Approve Everyone?

      No, company does not approve everyone who applies for a loan. The company uses a risk-based lending model and evaluates each loan application on a case-by-case basis. This means that the approval of a loan will depend on several factors, including the borrower's credit history, income, debt-to-income ratio, and other financial information.

      Even if you meet Mariner Finance's minimum eligibility requirements, there is no guarantee that you will be approved for a loan. The company may also conduct a soft credit check during the loan application process, which will not impact your credit score, to determine your creditworthiness.

      If your loan application is not approved, Lender may offer alternative loan options or suggest ways to improve your credit score and financial situation. Before applying for a loan, it's a good idea to review your credit report and financial information to ensure that you are in the best position possible to be approved.

      Is Mariner Finance a Legitimate Company?

      Yes, Mariner Finance is a legitimate company. It is a subsidiary of Performance Finance and operates as a consumer finance company that provides personal loans, debt consolidation loans, and other financial services.

      Company is licensed and regulated by state and federal financial institutions, and it adheres to all applicable laws and regulations. The company has been in business for over 20 years and has helped thousands of people with their financial needs.

      However, like any financial institution, Mariner Finance has received some negative reviews and complaints from customers regarding issues such as high interest rates, poor customer service, and difficulty in repaying loans. As with any financial decision, it's important to carefully consider the terms and conditions of a loan before accepting it, and to research the reputation of the lender.

      If you have concerns or questions about Mariner Finance or any other financial institution, it's always a good idea to consult with a financial professional or a government regulatory agency for guidance.

      Is Mariner Finance a Good Lender?

      Mariner Finance is a consumer finance company that provides personal loans and other financial services to individuals. Like any financial institution, the company has received both positive and negative reviews from customers.

      Some customers have reported positive experiences with Mariner Finance, such as the ability to get a loan quickly and with minimal hassle, while others have reported dissatisfaction with high interest rates, poor customer service, and difficulties in repaying their loans.

      Company documents

      Terms of use
      Privacy Statement
      Licensing & Disclosures

      Whether you want to consolidate your debt, pay your bills, or travel to your dream destination, Mariner Finance is here to help you.

      © Mariner Finance
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      Mariner Finance reviews 2025
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      4.2
      Pros
      The loan comes with a steep interest rate, which I was aware of from the outset. I certainly intend to settle it early to save on the interest cost.
      Complain
      1.6
      Cons
      I've never before experienced making a deposit with a check, having it clear and deposited into my account within 5 days, only to discover 3 days later that the check was returned by the company without any valid reason! This company's handling is completely unsatisfactory. I contacted my bank, and all they could inform me was that everything seemed in order, yet the company reversed the check! How can this even be permissible or lawful?
      Complain
      4.8
      Pros
      The only issue I have with this company is the high interest rates. Otherwise, their payment plans are straightforward, and they offer automatic withdrawals for payments.
      Complain
      4.2
      Pros
      I'm just beginning my journey with Mariner Finance. The woman I spoke with on the phone was incredibly pleasant. I'm eager to meet her face-to-face. It's great that they're a local company. I aim to be a valued customer and hope they'll have positive feedback about me in return.
      Complain
      5
      Pros
      They might not be the most cost-effective choice, but if you're looking to manage your daily expenses and aim to consolidate to reduce monthly outgoings, Mariner stands out as a solid choice. The representatives I interacted with were clear about the approval criteria. If you meet their requirements and provide all necessary information, you can expect a check on the very same day!
      Complain
      Complain
      4.6
      Pros
      Fantastic service! The employee was knowledgeable and consistently updated me on each phase of the process.
      Complain
      2.4
      Cons
      An unauthorized account was opened under my name at Mariner Finance. I now find myself having to visit a local branch to contest this loan. It's disheartening to see the lack of stringent security measures at Mariner Finance that could have averted this situation.
      Complain
      2
      Cons
      We secured a loan from them last year, and the entire transaction felt off. It's disheartening to settle a loan and not receive any acknowledgment or gratitude. There was a complete absence of a simple "thank you". I genuinely hope we never have to engage with them again. Their customer service is lacking. And for clarity, don't reach out or inquire further – you know whom I'm referring to.
      Complain
      4.6
      Pros
      Decent company. While the interest rate is somewhat steep, it's comparable to what most credit card companies offer.
      Complain
      aggregation.company.allReviews
      Company rating
      3.8
      / 5
      22 reviews
      Application
      3.9
      Support service
      3.8
      Mobile App
      3.7
      Service quality
      3.8
      Your satisfaction level
      3.8
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