What is a CLC loan?

What is a CLC loan?

The Community Loan Center (CLC) of Dallas was established in 2014 in order to offer low-interest, low-fee personal loans to employees of enrolled employers as an alternative to high-cost payday and auto title loans.

Who owns Speedy Cash?

Speedy Cash was founded by Chad Faulkner, Doug Rippel and Mike McKnight. The three childhood friends from Wichita, KS created the company to meet the growing consumer need for convenient, easily-accessible financial and loan services in a safe, clean and professional environment.

Why did Speedy Cash deny me?

If you get denied for a payday loan because of a failed Veritec check, it generally means you don’t meet the state’s minimum requirements. Often, this means you have too much debt, not enough income or are already delinquent on a loan. Check with your state’s payday lending laws before you apply again.

How does Speedy Cash verify income?

Speedy Cash collects personal and income information on your loan application. This includes income information to verify that you meet income requirements, birth date and valid ID to verify that you meet minimum age requirements, and contact information to see verify the maximum loan amount available in your state.

Why am I not getting approved for payday loans?

The most common reasons you would get denied for a payday loan (or any loan) would be your credit score, your income, and your past borrowing history. While many payday lenders do cater to borrowers with less-than-average credit scores, some won’t lend to you if they know you don’t have the ability to repay the loan.

What credit score do you need for an installment loan?

You need a credit score of at least 580 to qualify for a decent installment loan from a major lender. You will likely need a higher score to get a personal installment loan with no origination fee and a low APR, however.

Does Speedy Cash check your credit score?

Speedy Cash will perform a credit check once you apply — which could negatively affect your credit scores by a few points.

Which bank gives loan easily?

HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.

Can I get a personal loan with a 550 credit score?

Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.