Real answers about Crescent loans

No. Pre-qualification uses a soft credit inquiry, which is invisible to other lenders and doesn’t affect your FICO score. A hard pull only happens if you accept the offer and proceed to full application.

Very accurate when info you provide is accurate. The pre-qualified APR matches the final offer in 95%+ of cases. Discrepancies usually come from unverified income changes or address mismatches at full application.

30 days from issue. After 30 days, you’ll need to re-pre-qualify (still soft pull, still no credit impact).

Yes. Soft pulls don’t accumulate or harm your credit. Many people pre-qualify monthly while shopping rates.

Range is 7.99% – 18.99% APR depending on credit, loan amount, and term. Best rates go to 740+ FICO with verified income above $80K. Most approved customers land between 10% – 14%.

Yes — 0% to 6%, varies by credit. Already included in your APR per federal Truth-in-Lending Act requirements. Deducted from loan amount up front (so $20K loan with 3% origination = $19,400 in your account).

No. Pay off early — anytime — without penalty. We never charge to accept your money sooner.

$15 maximum, applied if a payment is 15+ days late. Capped at $15 regardless of loan size.

$0. We don’t charge to apply, pre-qualify, or get approved.

FICO 580+ is the floor. Best rates require 740+. Most approved customers are 660–740.

Minimum $30,000/year verifiable. W-2, 1099, self-employed (with 1 year tax returns) all eligible. Unemployment, child support, alimony don’t count toward verifiable income.

Yes. Verification needs 1 year of tax returns + 3 months bank statements showing the income.

Currently individual-borrower only. Co-borrower loans launching Q3 2026.

Chapter 7: must be 4+ years discharged. Chapter 13: must be 2+ years discharged. Active bankruptcies are not eligible.

24 hours typical from signing. Same-day disbursement possible if signed before 11am ET. Money lands in your account 24–48 hours after we disburse, depending on your bank.

Approximately 30 days after disbursement. You can pick the exact due date during signing — most people align it with their pay cycle.

Auto-pay via ACH from a checking account is standard (and gets you a 0.25% APR discount). One-time payments via debit card or bank transfer also supported.

Yes — once per loan, free. Call customer support and we’ll move it.

We’ll send reminders before. If you miss it, you have 15 days before a late fee. Beyond 30 days, it gets reported to credit bureaus. Call us if you’re struggling — we have hardship programs.

Real lender. Direct. We originate the loan, fund it from our own balance sheet, and service it. Most ‘personal loan’ sites are marketplaces that share your info with multiple lenders. We don’t do that.

Yes. Licensed lender in 47 states. NMLS #2401508. CFPB-supervised. Equal Housing Lender.

From the spread between what we pay to fund loans (institutional capital markets) and what borrowers pay in interest, plus origination fees. We don’t sell your data to anyone.

Privately held. Backed by institutional credit funds. Founded 2018.