Guide To Lenders 2020 Review
Since 2005, Guide to Lenders has offered a peer-to-peer online marketplace to connect borrowers in need of a personal loan with interested lenders.
Funds from personal loans can be used for a variety of reasons, including debt consolidation, home renovations, emergencies, large purchases, medical/dental expenses, wedding expenses, funding a business, and more.
Applicants receive multiple free loan offers based on their credit once they have filled out a fast and secure form. Guide to Lenders does not directly offer the loans themselves; instead, investors and lenders compete for your business by offering low, competitive rates.
Applying for a loan through Guide to Lenders is a simple process and only takes a few minutes.
To qualify, you must meet a few basic requirements:
- You must be a US citizen
- Be at least 18 years of age
- Have a verifiable bank account
- Have a steady source of income
You must provide your name, annual income, date of birth, email, phone number, and zip code on the application. Guide to Lenders only performs a soft credit inquiry (so your credit score will not be affected). However, if you decide to proceed with a selected lender, they will conduct a hard credit pull after you have chosen a loan to check your credit history (which could damage your credit score slightly). Lenders may also have additional requirements for their loan.
If you are preapproved for loans through Guide To Lenders, you can compare the potential loan terms and choose the best loan offer for your situation. There is zero obligation to proceed with any offers.
Contact Guide to Lenders: Email: [email protected] Address: 950 Tower Lane, 6th Floor Foster City, CA 94404
Guide To Lenders Pros
- Large lending network: Guide to Lenders has a large online network of vetted lenders that cater to consumers with all types of credit. Loan APRs start from 4.99%.
- A+ BBB Accredited: QuinStreet, the publicly traded parent company that owns and operates Guide To Lenders, is a Better Business Bureau (BBB) accredited business with an A+ BBB rating (as of August 23rd, 2019).
- Over $16 billion in loan requests initiated by consumers through Guide To Lenders
- Nationwide service: Guide to Lenders offers their services to borrowers in all 50 states.
- Get your funds in as little as 1 day from approval
- Fast and secure process: The application takes only a few minutes, and you'll receive free loan offers so you can transparently compare APRs and loan terms from multiple lenders. Guide To Lenders employs top of the line 256-bit SSL technology to encrypt your data for security.
- Focus on consumer education and empowerment: GuideToLenders aims to help consumers find the best loan for their purposes by providing free credit score access, as well as valuable articles and calculators on their site.
- Loans for all credit types: Borrowers with any credit score -- from poor to excellent -- can find loan offers through Guide to Lenders.
Guide To Lenders Cons
- Some consumers complained that Guide to Lenders advertised much more aggressively than other loan marketplaces by signing up borrowers to receive emails from other lenders and partners.
Guide To Lenders Pricing
- Consumers can receive no-obligation loan offers for amounts ranging between $1,000 and $40,000, depending on their credit score and loan purpose.
- Interest rates vary greatly by lender and credit type. Generally, APRs from Guide to Lenders partners will range from 4.99% to 35.99%.
- Term lengths range from 24 to 84 months.
Summary
For consumers who want a free and no obligation tool for weighing their loan options, Guide to Lenders can provide just that. Their online lending marketplace allows you to shop for the best interest rates, loan amounts, and terms.
Additionally, they can also connect borrowers to mortgages and home equity lines of credit.
Frequently Asked Questions
How does Guide to Lenders compare to other lenders?
Rather than directly providing you a loan, Guide to Lenders is a 100% free service (from publicly traded company QuinStreet) that connects you to an online network of lenders who offer a variety of loan types that best fit your credit profile.
How do I qualify to receive a loan from Guide to Lenders partners?
Here are some of the requirements that Guide to Lenders lender network is looking for. Please note that meeting these requirements does not mean that you are guaranteed a loan.
- Be a US citizen
- Be at least 18 years of age
- Have a verifiable bank account
- Have a steady source of income
Is my information kept secure when I apply through Guide To Lenders?
Yes. Guide To Lenders uses bank level 256-bit SSL-encryption technology to protect your personal and financial information when you submit your application.
Will my credit score be affected by Guide To Lenders?
Guide to Lenders initially authorizes a soft pull on your credit (which does not damage your score) to check if you are eligible. However, your lender will most likely do a hard credit pull later on in the loan process, which does damage your score slightly.
What is a personal loan?
A personal loan is a large cash fund you can borrow for personal use, like paying off consolidated debt, investing in your home, a vacation, or wedding.
Reviews for Guide To Lenders
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Your reviews are a valuable source of insight for us to improve our service as well as improve the offerings. All pros and cons submitted here are evaluated and are responded. We also share these insights with our partners so that they could improve their offerings as well.
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2 Guide To Lenders Consumer Reviews and Complaints
Laylee, on November 22, 2019
I received fast, honest loan offers and was able to make a decision based on the information provided.
SandySea, on June 29, 2019
I put my information in the templates & received a list of lenders with rates & loan amounts almost instantly. I researched the ones I thought would serve me best, then chose the one I used. Very easy, clear & concise.