The lenders TrustedLoanNetwork works with will have different criteria for borrowers, but to complete the online form, you will only need to meet these requirements:
Steady source of income
Active checking or savings account
What states is TrustedLoanNetwork available in?
TrustedLoanNetwork doesn’t list what states the lenders in its network service. Because it mainly works with short-term lenders, you can view the payday loan laws of your state to see if you could be eligible for a loan.
How much does TrustedLoanNetwork cost?
TrustedLoanNetwork doesn’t charge any fees to connect you with a lender in its network. However, keep in mind that whichever lender you are connected with will likely have a financing fee and high interest rate. How much you end up paying depends on factors like the state you live in, the loan amount and the lender’s policies.
Remember that short-term loans have high APR rates and multiple fees. If you aren’t sure you can pay back borrowed money, avoid borrowing a loan. A late or missed payment might lead to extra charges, interest and a negative report on your credit score.
Pros and cons
TrustedLoanNetwork doesn’t provide much information about its network or its services, but it does abide by an industry-standard list of best practices.
TrustedLoanNetwork doesn’t have a BBB or Trustpilot page. And while this isn’t out of the ordinary for a short-term loan connection service, you should still confirm that the lender you’re connected with has positive reviews before you agree to borrow.
How do I get connected with a lender?
To get started, follow these four steps:
Click the Go to site link to be redirected to TrustedLoanNetwork’s online form.
Enter your full name, birth year, last four digits of your Social Security number and your ZIP code.
Fill out the application with basic information about yourself.
Review TrustedLoanNetwork’s terms and click Submit.
It only takes about 90 seconds for TrustedLoanNetwork to process your information and potentially connect you with a lender in its network.
What information do I need to submit?
To complete TrustedLoanNetwork’s online form, you will need to provide some basic information:
Social Security number
Date of birth
Driver’s license or state ID number
Next two pay dates
Bank routing number and bank account number
How do repayments work?
Repayments will depend on the lender you’re connected with. Before you sign your loan agreement, review it and note your loan term, monthly repayment, potential fees and total amount due. If you have any questions, contact your lender directly.
Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.
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