A short-term installment loan is a great way to get extra cash when an unexpected event or emergency pops up. Are you looking for such installment loans?
In this Explore Credit Reviews article, we’ll dive into the ins and outs of this online installment loan company.
What is Explore Credit?
Explore Credit, is a short-term online installment loan company that offers loans up to $2,000. An installment loan is a specific amount of money you borrow and then pay back, split up into equal payments within a certain time frame.
Explore Credit does not require a credit check or collateral to get the loan, but they do charge high-interest rates and fees.
You can pick the right loan package for you by using their super-simple online application process and get a decision in minutes.
Explore Credit is a smart, simple, fast way to borrow money when you need it the most. We offer short-term installment loans with no hidden fees. Through our super easy online loan process, Explore Credit offers you the funds you need now.
Official Website Explore Credit
Explore Credit (explorecredit.com) is a well-known banking & loan store that competes against brands like Upstart, NerdWallet, and CIT Bank.
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How Does Explore Credit Work?
Explore Credit works by providing a range of short-term installment loans to fit your financial needs.
- Loans up to $2,000
- Competitive interest rates.
- No hidden fees.
You can simply pick the loan package that’s right for you, use their super-simple online application process, and get a decision in minutes.
They are a fully automated financial lending company that provides customers with an incredibly easy online loan application process.
They offer excellent customer service and simple interest rates with no hidden fees. They pride themselves in approving customers when others don’t.
Who owns Explore Credit?
Explore Credit is owned by Wakpamni Lake Community Corporation (WLCC). The Wakpamni Lake Community is a local government under the Oglala Sioux Tribe. WLCC is incorporated under and governed by the laws of the Oglala Sioux Tribe, a federally recognized Indian Tribe, and the regulations of the Wakpamni Lake Community.
Is Explore Credit Legit?
Yes, Explore Credit is Legit. It is licensed and accredited by the relevant regulatory bodies. They comply with industry standards and regulations, ensuring that they operate ethically and with integrity.
You can verify their licensing and accreditation on their official website or by reaching out to their customer support.
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Explore Credit Loan Application Process
To Get Started with the Loan Application Process, you have to go through the simple process of filling details of your requirements. You need to do the following tasks.
- Select how much money you need.
- Create an Account
- Fill out your general information like name, address, date of birth, and other information that will allow them to identify you.
- Your Income Verification and Banking Information.
- Final Authorization.
How long does it take to get money from Explore Credit?
With Explore Credit our super simple online process gets you a decision in just minutes and your funds in as little as two business days.
Things to consider before applying for an Explore Credit loan
Before you apply for an Explore Credit loan consider these questions to make sure a short-term loan is right for you.
- Is borrowing money really necessary?
- Can I afford to pay it back in full?
- Can I afford extra charges, interest, and fees if I miss a payment?
A short-term installment loan might be a great way to get extra cash when an unexpected event or emergency pops
up. You might have your back against the wall during these hard times. These loans come with high interest rates, high charges, and fees.
Note: You need to be careful before considering these types of loans.
What is Explore Credit Phone Number?
Explore Credit can be reached at its customer service at 844-355-5626. 844-355-5626 / 844-355-LOAN.
You can also email them at support@explorecredit.com. Or visit their Contact Us page for other ways to get in touch.
Customer Reviews – Explore Credit Reviews Complaints
Explore Credit has a mixed reputation among customers. Some customers have reported having positive experiences with the company, while others have reported having negative experiences.
Positive Reviews
- “I was able to get a loan from Explore Credit quickly and easily. The application process was simple and the customer service was good.”
- “Explore Credit helped me get back on my feet when I was in a financial bind. I am grateful for their help.”
- “I was able to pay off my Explore Credit loan early and save money on interest.”
Negative Reviews
- “Explore Credit charges very high-interest rates and fees. I would not recommend them to anyone.”
- “I had difficulty making my payments to Explore Credit. They were very aggressive in their collection efforts.”
- “I had a terrible experience with Explore Credit customer service. They were rude and unhelpful.”
BBB Rating
The Better Business Bureau (BBB) has given Explore Credit a rating of “D-“. The BBB has received over 100 complaints from customers about Explore Credit. The most common complaints are about high-interest rates and fees, difficulty making payments, and poor customer service.
Conclusion – Explore Credit Loan Reviews
Explore Credit is a short-term installment loan company that offers loans to borrowers with poor credit. However, Explore Credit charges high-interest rates and fees, and they have a mixed reputation among customers.
In case you are considering taking out a loan from Explore Credit, I recommend that you carefully read the terms and conditions of the loan before you sign anything and that you compare the interest rates and fees of Explore Credit to other lenders to make sure you are getting the best possible deal.
FAQs – Explore Credit Loan Reviews
How much can one borrow from Explore Credit?
Explore Credit provides installment loans for your financial needs. One can borrow a loan amount of up to $2,000.
Can I apply for multiple loans?
Explore Credit allows only one installment loan per household at this time.