At a glance

- Availability
- Affordability
- Customer Experience
- Transparency
About Credit Direct
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Loan amount
$1,000 to $40,000
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Min. credit score
Not specified
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APR from
5.99%-29.99%
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Funds available in
48 to 72 hours
Loan amount
$1,000 to $40,000
Min. credit score
Not specified
APR from
5.99%-29.99%
Funds available in
48 to 72 hours
Credit Direct’s personal loans for car purchases are accessible by borrowers with varying financial backgrounds, and you can get prequalified without impacting your credit score. Still, their availability is limited to a handful of states.
Flexible loan amounts
No hard inquiry
Range of acceptance criteria
Only available in 11 states
Small maximum loan amount
Credit Direct is a personal loan marketplace that lends both directly and through its trusted partner network to borrowers looking for loans. The vehicle purchase loans offered through Credit Direct have a lower minimum loan amount than most, perfect for drivers looking to finance a smaller purchase. The loans are unsecured, meaning that the interest rates advertised tend to be slightly higher.
Credit Direct doesn’t specify eligibility criteria on its website or by phone. However, it does indicate that borrowers with all ranges of credit scores are welcome to apply, and you could get approved if your score is between 500 and 600. You should also have a steady, verifiable source of income that allows you to make timely monthly payments.
Credit Direct offers personal loans for auto purchases and repairs. An auto purchase personal loan through Credit Direct can be used to finance your next vehicle or buy another for parts. Unlike a conventional auto loan, these loans aren’t secured by the vehicle you’re purchasing. The minimum loan amount is much lower than most other auto loan providers, which means you don't have to borrow more than you need. You’ll also have the flexibility to take your money to the dealership of your choice.
The application process is fully automated on the Credit Direct site and takes only minutes with no hard inquiry. According to the Credit Direct website, the process is simple, and you can receive funding as soon as 48 to 72 hours via direct deposit.
Overall score | 3.8 | |
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Availability | 3.6 | Credit Direct only offers loans in 11 states. Its low max loan amount is only slightly offset by flexible terms and a small minimum amount. |
Affordability | 3.4 | Credit Direct scores decently due to its flexible underwriting criteria but still holds steep APRs compared to competitors. |
Customer experience | 3.8 | While there is limited 24/7 call center support, customers can only reach out for full assistance during the workweek. |
Transparency | 4.5 | Credit Direct discloses some expected rates and terms and encourages prequalification. |
Bankrate considers 18 data points when selecting top auto loans. Acceptance criteria, whether rates and fees are available and APR range all influence lender scores. These scores are broken up into four categories.