Expert Review
Alison Bennett
Alison Bennett is a licensed Loan Officer working in PDLoans247 for over 3 years.
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Questions to the expert

What Does an Installment Loan Provide?

Alison Bennett
Installments work similarly to the payday loan but offer amounts up to $5000. It is also a short term loan and does not require collateral for approval but rather proof of income. These loans are paid in scheduled installments making it a more flexible choice.

How Does a Personal Loan Differ From a Payday Loan?

Alison Bennett
Personal loans can be issued up to $35 000. These loans are also based on approval of income and may not require collateral for approval. The loan terms for repayment are greater than installment or payday loans.

How Does PDLoans247 Work?

Alison Bennett
PD Loans 247 is not a credit lender but rather a reputable service working to connect you to authorized loan providers. We aim to assist consumers who are looking for third party lenders. Upon registration with us, you will complete a loan request. Once connected to a lender, you are presented with a loan offer. You may accept or reject the terms and conditions of the loan.

Do I Have to Pay PDLoans247 for Loan Approval?

Alison Bennett
PDLoans247 offers a free registration process for all interested loan applicants. Through successful loan approvals with our designated network of lenders, we earn a commission based on the referrals process. The lender you accept a loan from presents their own terms and conditions, fees and APR. You are only obligated to adhere to these terms upon acceptance of the loan agreement with the specific lender.

What is the Maximum Sum I can Borrow?

Alison Bennett
You can request a payday loan for as little as $100 to a maximum of $1000. The installment loan is approved between $500 and $5000 while you can apply for a personal loan of up to $35 000. Depending on the lender’s requirements, you may or may not be approved for the loan requested.

Once My Third Party Lender Approves the Loan, When will I See the Funds in My Account?

Alison Bennett
Upon loan approval, your funds could reflect in as little as 24 hours or the following business day.

What Personal Information Does PDLoans247 Need?

Alison Bennett
The information we request is included on our registration form. We require updated personal details including a physical residence. We will not perform a credit check.

Is it Safe to Issue My Personal Details on Your Website?

Alison Bennett
Yes, we use updated security measures including SSL encryption and secure online technologies to keep your information confidential and protected.

When Must My Loan be Repaid?

Alison Bennett
The terms of repayment will be determined by your lender and not by PDLoans247. If you have any questions concerning your loan repayment or terms, please contact your lender directly.

Will a Third Party Lender Check My Credit and How Does this Affect My Credit Rating?

Alison Bennett
Most lenders will perform a credit check across a national database in which your credit history is reviewed. They will also proceed to verify your identity including your social security number and your banking account. Be sure to avoid applying for multiple loans at the same time. The performance of multiple credit checks could lower your credit score.

What is the Penalty of a Late Payment?

Alison Bennett
Check with your lender as to the specific late or no payment agreement. Late payments and non-payments always have a penalty associated with it.

Who can become a guarantor?

Alison Bennett
The lenders with which you are connected with through are ready to lend you money even if You cannot boast good credit score. You should have no difficulty in taking a loan if you are an 18 years old + citizen of USA who has got a banking account. Besides you should have a paying capacity and somebody who is willing to be your guarantor.

Do you practice the check of credit score?

Alison Bennett
We do not practice the check of credit score, but lenders can resort to it.

What’s my approximate credit rating?

Alison Bennett
Great (700+);
Good (600 – 699);
Fair (500 – 599);
Poor (500 and below).

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