Reviews

CreditArm reviews: 7 things you need to know

    Let’s face it, sometimes life sneaks up on you. Even if you have a decent-sized savings account, surprise expenses can pop up around any corner. Not to mention the expenses that surround planned events like weddings, vacations, and home improvement projects. Sometimes you just need a hand with a little extra dough.

    BUT, there are so many personal loan services out there, it’s hard to know whom to trust. Thankfully, services like CreditArm make trusting your personal loan process much easier.

    Here’s everything you need to know:

    1. What is CreditArm?
    2. What can I use a CreditArm personal loan for?
    3. What makes CreditArm different?
    4. How much money can I borrow through CreditArm?
    5. Is CreditArm safe? (Yes!)
    6. How does the process work?
    7. How long does it take to get a loan with CreditArm?

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    What is CreditArm?

    CreditArm is a one-stop-shop for your personal loan needs. The entire goal of CreditArm is to simplify and improve the process of learning about and finding the right personal loan options for your situation or expense. CreditArm works with a variety of lenders to help connect you with the information and services you need when it comes to personal financing.

    What can I use the loans for?

    Personal loans can be used for almost anything you can think of or any need you may have. Some of the most popular uses for loans through CreditArm’s lenders include:

    • Funding home improvement projects
    • Covering moving expenses
    • Making payments toward or paying off medical bills
    • Paying for wedding costs (to avoid credit card debt)
    • Financing large purchases  

    What makes CreditArm different?

    CreditArm offers a marketplace of premier lenders with prime loans, or loans with an APR of 35.99% or below. This differentiates them from other marketplaces that specialize in connecting people with lenders who might offer subprime personal loans.

    Is CreditArm safe?

    Yes! CreditArm was created with the intention of offering access to loans for anyone who qualifies. They follow the latest industry standards in online financial security. The only party with access to your information is the lender you choose to work with. You could even argue that CreditArm is safer than going to your bank--you don’t have to leave the comfort of your home to look for a loan!

    How much money can I borrow through CreditArm?

    With CreditArm, you can apply for up to $50,000 in personal loans. Since CreditArm isn’t a lender, there are no guarantees about the loan amounts available. However, with CreditArm you’re able to search for loans from $1,000 to $50,000. This wide range of options gives you the flexibility to choose the right loan option for your needs. Plus, you can come back to CreditArm if you need another loan. There’s no limit to the amount of times you can apply for a loan through CreditArm.

    How does the process work?

    Looking for a personal loan with CreditArm is simple.

    • Fill out the two-page form with the information required of you: credit score, loan amount, loan purpose, personal information (like your social security number and birthday), and information about where you work.
    • Press submit.
    • Wait for CreditArm to connect you with lenders.
    • Choose the loan option that works for you.

    It’s easier than going to the post office!

    How long does it take to get a loan with CreditArm?

    Completing the application process on CreditArm only takes a few minutes. If you match with a lender, you could have access to your funds in as little as 24 hours!

    Now that you know everything about the process, you can feel confident about using CreditArm to look for the personal loans you need!