CreditLend short-term loan connection service review
Find a line of credit — even if you don't have a perfect score.
Bottom line: CreditLend connects borrowers to lenders that offer lines of credit and installment loans. And while it has standard services, it lacks important information about costs you should know before you borrow.
Varies by lender
|Product Name||CreditLend connection service|
|Loan Term||Varies by lender|
|Turnaround Time||Varies by lender|
|Requirements||Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief|
Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for everyday people to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise.
CreditLend is a good choice for borrowers looking for a short-term line of credit up to $2,500— it’s one of the few connection services out there that works specifically with lenders that offer them. And if you aren’t eligible for a line of credit, you may be able to borrow an installment loan instead.
However, it’s not clear how these lines of credit work. You’ll need to talk with your lender to ensure you understand the full cost of borrowing and how much you may need to repay. CreditLend is also missing common ways to contact its customer service team, so if you run into a problem, you’ll need to reach out to your lender for details.
Before you get started, compare more options to see what other short-term loans are available to you.
Pros and cons
- Short-term lines of credit and installment loans
- Bad credit OK
- Available in most states
- Limited information about partners
- No contact phone number or email
- May connect you to a high-cost tribal lender
CreditLend rates fees and terms
CreditLend isn’t a lender and doesn’t charge a fee for you to use its service. It works with short-term lenders, so expect higher rates — especially if you’re connected with a tribal lender.
You can borrow a line of credit or installment loan for up to $2,500. However, not all lenders offer this large amount, and you may need to meet stricter eligibility requirements to qualify.
Because there is no set term limit for lines of credit, you'll pay a significant amount in interest if you only make minimum payments. Consider paying more than you owe each month to save on the cost.
What is CreditLend and is it legit?
See other short-term loan options
Compare even more lenders to find out what you might qualify for.
CreditLend reviews and complaints
CreditLend doesn’t have any reviews on its BBB page. While this isn’t unusual for a connection service, its complaints are telling: Almost every person reports receiving a high volume of marketing materials. However, these are only from a small handful of people and don’t reflect everyone’s experience with the company.
If you decide to use CreditLend, check reviews for the lender you’re connected with to ensure it receives positive notes from customers.
Am I eligible?
Every lender has its own criteria, including minimum income and employment requirements. To get started, you will need to meet the following criteria at a minimum:
- Open checking account
- Regular source of income
- US citizen
- At least 18 years old
Callout box: What states is CreditLend available in?
CreditLend works with lenders in most US states, except:
- New York
- West Virginia
What information do I need to apply?
You will need to provide some basic personal information to fill out CreditLend’s online form:
- Social Security number
- Date of birth
- Bank routing number and bank account number
- Driver’s license number
- Net monthly income
- Next pay date
How do I fill out the online form?
To be connected with a lender, follow these steps:
- Visit CreditLend’s website and click Get started.
- Enter the amount you would like to borrow and your ZIP code, then select your loan purpose and estimated credit score
- Enter information about yourself, including your date of birth and the last four digits of your Social Security number.
- Enter your full street address, driver’s license number and the best time to contact you.
- Enter information about your employment, including your employer’s phone number and your next pay date.
- Select your net monthly income, then enter your bank routing number and bank account number.
CreditLend will process your information and potentially connect you with a lender. From here, you will be able to submit a full application, and if approved, borrow a line of credit or installment loan.
What are my repayment options?
Your repayment options will depend on the lender you’re connected with. In most cases, you will be able to make minimum payments on your line of credit or pay more to avoid interest. Lenders typically accept ACH transfers, although some may be able to process checks or other payment methods — often for an additional fee.
CreditLend offers a standard range of options, but it doesn't have the most informative website. Before you get started, learn more about short-term loans to make an informed decision for your finances.