FAQ

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COMMON QUESTIONS

Most Asked Questions

A personal loan is a medium-term loan repaid in equal monthly payments for minimum 61 Days to maximum 72 Months, usually at a fixed interest rate. Loan offers and eligibility depend on your credit profile. Depending on the lender and your financial standing, you will be able to secure as much as $5,000 in the loan amount.

To be approved for a loan, you must provide lenders with your proof and information to address the following questions:

1. Are you a legal U.S. resident?

2. Are you 18 years or older?

3. Do you have valid contact details?

4. Are you legally employed, and do you have a steady income?

5. Do you have an active bank account for direct deposit?

On a case-by-case basis, lenders may request more information from applicants like pay stubs, credit scores, etc., for more clarity.

When you make your request on MotiveLoan.com, we collect your information to process it and find the right loan provider for you. We use industry-leading technology to encrypt your data to ensure that your information is secure and privacy is protected.

The entire application and approval process can take as little as 24 hours or a full business day. The process looks a little like this: Applying for a short-term loan takes only a few minutes. Then, it takes less than an hour to process your application request and connect you to a lender. As soon as the lender is satisfied with the applicant’s information, they can approve or deny your request. If and when the application is approved, the lender will provide the applicant with a loan agreement. Then, the applicant must review the terms and conditions and make their credit decision. If rejected, the applicant can repeat the loan request. If accepted, the loan agreement will be e-signed, and the loan amount will be sent to the borrower’s direct deposit account.

The number of credit products taken simultaneously and the “cooling time” terms are determined by the laws of the state you’re located in. To add, every lender reserves the right to determine the maximum simultaneous and/or consequential credit agreements within the limits of applicable laws. It’s recommended to inform a lender about current credit standing and the facts of defaulted loans before any agreement is signed.

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Payment Questions

More Questions

Some lenders in our network need to perform credit verifications with traditional credit bureaus; others may just check if an applicant doesn’t have a history of bankruptcies or outstanding debts with other lenders. In most cases, bad credit or the lack of credit will not impede applicants from being approved. However, a low credit score and insufficient credit information may influence the loan amount, and lenders’ term offers.

Vista Cash Loans is responsible for connecting prospective loan borrowers with lenders who can provide suitable loan options. Once the two parties are connected, we are taken out of the equation, leaving borrowers and lenders to handle any future encounters. If the borrowers who used our service have issues regarding their loan contracts, they should contact their lenders directly.

Often, borrowers are unable to fulfil their payments on time due to particular circumstances. In this case, most lenders allow borrowers to renew their loans for increased interest rates added to the total loan amount.

The cases of defaulted payment terms are explained in every loan agreement together with applicable penalties, additional fees, collection practices, and other actions associated with delinquency. Borrowers must always check these terms before signing their loan agreements. Borrowers who anticipate delinquency are encouraged to contact their respective lenders as soon as possible.

After getting the offer that fits your financial needs, you will go through the details of your loan agreement.

Then, your lender will ask you to provide your electronic signature in this agreement to close the contract.

Once this step has been completed, your lender will deposit the loan amount into your account usually on the following business day.

Even though the lenders that partner with Vista Cash Loans do perform credit checks if necessary, individuals with imperfect credit or no credit at all usually may qualify for loans anyway. The lenders in our network may also perform alternative credit checks with the companies like TeleTrack or DP.

These verifications help to ensure that you are currently not in bankruptcy and that you do not have outstanding loans with other lenders. These checks usually do not affect your credit score.