Helping Good People Get Better Loans

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Credit Education

According to the Consumer Finance Protection Bureau, four out of every five payday loans is either rolled over or renewed. The average payday borrower eventually takes out eight loans annually, and remains in debt for five months out of the year, according to the Pew Charitable Trust.   What’s behind these sobering statistics?

Credit Education

At LoanNow, we recognize that lack of basic credit education rather than spendthrift habits is a major contributor to the national payday loan epidemic.  We explain how payday loans work, and why they are almost always a bad idea. We decipher interest rates and APRs to help individuals understand how a $300 payday loan can mushroom into an obligation of four figures within just a few months.  Our informational articles and blog posts are available to anyone who visits the LoanNow site. We want as many people as possible to understand how payday loans work to trap desperate borrowers in an endless cycle of debt.

We at LoanNow also recognize that despite the economic recovery, many Americans are still experiencing financial hardship. Many lost their homes, along with a significant portion of their net worth. Others who lost jobs were often forced to accept positions that paid much less than they were making before, leaving them to juggle expenses with wages that simply do not cover their obligations. In desperation, many households turn to payday loans, despite the dangers. We help borrowers find alternatives to payday loans, including loans from LoanNow, to help them escape the payday loan trap.

Credit Education

But we don’t just make loans. To reverse the dangerous trend of payday loan dependency, we provide timely, relevant and accessible articles that help borrowers set realistic savings goals restore and establish their credit and adopt good personal management practices to improve their long term financial outlooks.  We encourage borrowers to develop budgets that allow them to cover their obligations and begin to put away savings. We work to empower our borrowers to improve their lives and financial circumstances for the long term.

Borrowers who embrace our advice and credit education, and who maintain consistent and responsible on-time repayment records are rewarded with improved LoanNow scores which qualify them for lower interest rates on future loans. The ultimate goal of our innovative lending service is to integrate with the three major credit reporting bureaus: TransUnion, Equifax and Experian, to report the positive repayment histories of our borrowers and help them improve their overall credit profiles.  In this way, we hope make a lasting improvement in the well being of our customers.

At LoanNow, our multi-faceted approach of lending, credit education and incentives encourages our customers to develop responsible borrowing and repayment habits.

We are committed to helping our borrowers achieve long term financial stability, not just enhance our bottom line.

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

LoanNow Score

* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.