  
    | Consumer Loan Criteria
The criteria we use for considering credit worthiness are credit history and personal data from the loan applicaiton. We determine creditworthiness by considering credit history, debt to income ratio, disposable income, stability of employment, length of residence, suit, garnishment, credit references, and full disclosure and integrity of the application.
Military members on active duty must be in good standings and have a minimum of one (1 ) year remaining in the service and haven't had any administrative disciplinary actions taken nor UCMJ actions pending. United States Government employees, United States Postal Service (USPS) employees, and School Teachers must be employed for a minimum time of one (1) year or have tenure as a school teacher. Military Retired personnel must be receiving a Military Retirement Pay from Defense Accounting and Services (DFAS).
You will not be denied consideration for credit because of a bankruptcy provided the case has been discharged or dismissed by the Bankruptcy Court. We will accept loan applications for active Chapter 13, Wage Earner plan provided we have been granted "No Objections" permission from the Trustee or the Bankruptcy Court to incur the additional debt. We recommend you seek advice from you attorney.
Are you still interested? Complete an online application now. There is no obligation at this point. Our secured web server will keep the information you provide confidential.
The decision to prepare and send a consumer loan package to an applicant will be made within two (2) business days upon receipt of the online application and receipt of proof of income: normally email or fax a copy of your end of month issuance of your Leave and Earnings Statment ( LES ), pay statment, or the latest copy of your paycheck stub.
How Our Loan Process Works
The first step in getting a consumer loan is to fill out our on-line application. The interactive process will ask you all of the questions needed for consumer loan approval.
After submitting your on-line application YOU MUST FAX YOUR END OF MONTH LES OR LATEST PAYCHECK STUB TO US OR E-MAIL IT TO JFI@RAPIDLOANS.COM. YOUR APPLICATION WILL NOT BE COMPLETE WITHOUT THESE DOCUMENTS.
Once we have your application and proof of income, your consumer loan will be completed within 2 business days.
As soon as your consumer loan is approved we will mail you a copy of your completed consumer loan package. This will usually occur the same day that your End of Month LES or Pay Stub FAX/E-mail is received.
After you receive the necessary paper documents, sign and mail them back.
Inside the consumer loan package you receive are options for getting your consumer loan proceeds. These include, Bank Wire, Western Union, and U.S. Mail. Once we receive and review your signed consumer loan package your consumer loan will be completed, THE SAME DAY AND YOUR PROCEEDS SENT. |
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