Credit9 Personal Loans Review: Avoid Bad Partner Offers
Credit9 isn't available on Finder right now.
- Max. Loan Amount
- $45,000
- APR
- Varies
- Min. credit score
- 610
Our verdict
Pay off credit cards, but beware of debt settlement promotions from its partner company.
Although Credit9 has positive reviews on Trustpilot and the Better Business Bureau (BBB), some borrowers have reported misleading information from this company promoting debt settlement services. If you are looking for a debt consolidation loan from Credit9, make sure you're not mistakenly signing up for debt settlement services with its partner company, Americor.
Best for: Borrowers looking for a debt consolidation loan to pay off credit card debt with low interest rates and no hidden fees.
Pros
-
No application fees and no prepayment fees
-
Receive funding within one day of approval
-
Simple interest at a fixed rate
Cons
-
Customers report excessive spam emails, texts and phone calls
-
Negative reviews report receiving promotions for Americor, Credit9’s partner debt relief company
-
Must have regular income to qualify for a loan
Where Credit9 falls short
The biggest drawback of Credit9 is that customers report a lack of transparency. Credit 9 has a partner company called Americor, which provides debt relief services. While Credit 9 advertises debt consolidation loans, some customers report being misled into signing up for debt settlement with Americor instead.
Credit9’s privacy policy states that it can legally share your information with other companies for marketing and everyday business purposes. Its privacy policy is a notice from both Credit9 and its partner company, Americor.
What makes Credit9 shine?
Credit9 helps people consolidate their unsecured, high interest debts so they can become debt-free and improve their credit score. It provides loans with low and fixed monthly payments, along with no application or prepayment fees. With a fast and easy process, borrowers can find the best loan rate they qualify for in just one minute and receive funds within one to two business days.
Credit9 loan details
Here are the details Credit9 discloses about its loan products.
| Minimum credit score/credit range | 610 |
| APR | Varies |
| Loan amounts | $2,500 to $45,000 |
| Terms | 2 to 5 years |
| Approval turnaround | One minute |
| Availability | Available in: Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Iowa, Kentucky, Louisiana, Michigan, Missouri, New Mexico, Oklahoma, Pennsylvania, Texas, Utah, Wisconsin |
| Fees | Origination fee |
| Other fees | None |
How to qualify for Credit9
Credit9 discloses only basic eligibility requirements for loans in its FAQ section:
- Be a current US citizen
- Have a minimum credit score of 610
- Have proof of regular income
- Have a verifiable name, date of birth and social security number
- Have a personal banking account at a US financial institution
If you’re worried about providing proof of income, you may be able to find a personal loan with no income verification requirement.
How to apply
- Apply online and see the rates you’re offered in minutes
- Speak to loan specialist
- Accept terms online and e-sign your contract if approved
- Receive your funds directly into your designated bank account as soon as the next business day
How Credit9 compares to other lenders
You’ll want to compare the top personal loan lenders before making a decision on the best lender for your situation.
Credit9 reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | B+ |
| BBB customer reviews | 4.82 out of 5 stars, based on 2282 customer reviews |
| Trustpilot Score | 4.7 out of 5 stars, based on 4,103 customer reviews. |
| Customer reviews verified as of | 07 July 2024 |
Five-star reviews from Trustpilot and Better Business Bureau report low interest rates, excellent customer service and effective debt elimination with the help of Credit9. Credit9 has been accredited by BBB since 2018, with over 2,000 reviews.
Negative reviews report unwanted marketing emails, text messages and phone calls promoting both services from both Credit9 and Americor. Customers also report difficulty resolving repayment issues.
Is Credit9 legit?
According to BBB and Trustpilot, Credit9 is an accredited lending company with positive reviews. But borrowers should be aware that some customers report that Credit9’s loan specialists attempt to sign them up for debt relief services from its partner company, Americor. Debt relief and debt consolidation are two different offerings, each with their own drawbacks.
Will Credit9 hurt my credit?
When you apply for credit, Credit9 may perform a hard credit check, which could ding your credit score by a few points. However, if you aren’t aware of what you’re signing up for, you may end up in a debt relief program that hurts your credit score much more.
Credit9 does not explicitly explain the difference between debt consolidation and debt relief. Borrowers should know that while debt consolidation may temporarily decrease your credit score by a few points, debt relief or debt settlement services can damage your credit score for longer because they often require you to rack up delinquent payments.
Frequently asked questions
How are my Credit9 Loan terms decided?
Credit9 considers your credit score, credit history and the amount of debt you have in relation to your income.
Does Credit9 accept co-applicants?
Yes. The qualification requirements are the same as for the primary applicant.
Your reviews
Gabriel Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.