Integra Credit is an online direct lender headquartered in Chicago, IL that specializes in servicing borrowers with poor credit scores, offering modest loans as soon as one business day after loan application and approval. Operating in only eleven states as of this writing, Integra Credit prides itself on offering straightforward and transparent loan products with stellar customer support throughout the duration of the loan process.
About the Company
Headquartered in Chicago, IL, Integra Credit was founded in April 2014 by parent company Deinde Financial. Integra Credit’s intention is to bring disruption to the subprime lending market, offering flexible installments and open-ended credit products to customers in need of small-dollar loans.
Since Integra Credit is well aware of the fact that many of its customers are in dire need of funds due to emergency situations such as medical bills or auto repairs, the company specializes in fast and straightforward applications, instant approval decisions, and the delivery of cash as soon as the next business day—assuming the loan application is approved before 6 pm CT.
Here you’ll learn:
- What kinds of loans Integra Credit services
- How much you can borrow
- Details about rates, terms, and fees
- Qualifications for borrowers
- Quality of customer service
What Types of Loans Does Integra Offer?
Integra Credit specializes in offering personal installment loans which require a fixed number of equal payments over a specified period of time. In a few states, however, Integra Credit offers a personal line of credit instead, where borrowed funds can be withdrawn over a period of time instead of all at once.
Integra Credit promotes six different personal loan types, all of which are largely identical and have the same application procedure.
1. Installment Loans
As the primary loan type that Integra Credit services, installment loan payments and due dates are clearly spelled out and do not come attached with any undisclosed fees. According to Integra Credit, their installment loans are most often used to:
- Cover unexpected expenses such as car repairs or hospital bills
- Consolidate debt or pay off credit card debt
- Cover one-time expenses such as car down payments or home improvement projects
2. Personal Loans
Like with its installment loans, Integra Credit personal loans only take a few minutes to apply for. Integra Credit states that they assess personal loan applications using more than just the applicant’s credit score, encouraging those with bad credit scores to apply.
Reasons that Integra Credit gives for why customers take out personal loans include:
- Debt consolidation
- Medical bills
- Home improvement
- Car repairs
3. Quick Loans
Integra Credit prides itself on delivering loans to approved borrowers as quickly as possible—often within a single business day. Loan decisions are generated online within seconds. To ensure that the loan is processed as quickly as possible, Integra Credit recommends having the following items ready before starting the application:
- Current address
- Email address
- Driver’s license or state ID
- Bank account number
- Social Security number
4. Bad Credit Loans
Integra Credit is known for offering installment loans to applicants with poor credit scores. They promote the idea that their loans are a useful avenue for raising borrowers’ credit scores, as those who are capable of handling the repayment terms and make loan payments on time will gradually improve their credit. Simply applying for a loan through Integra Credit will not impact your credit score, making it safe for those with poor credit to apply.
5. Lines of Credit
A personal line of credit through Integra Credit provides more flexibility than other borrowing options, allowing customers to borrow any amount up to their approved credit limit. Available credit increases as scheduled payments are made on time. Lines of credit have no penalties for paying off the full balance before the due date.
Integra Personal Loans: Rates and Terms
Term durations for Integra Credit loans depend upon which state the borrower resides in.
The loan duration window by state is as follows:
- Alabama: 12 to 18 months
- California: 12 to 18 months
- Delaware: 7 to 18 months
- Idaho: 7 to 18 months
- Kansas: 7 to 18 months
- Missouri: 7 to 18 months
- New Mexico: 12 to 18 months
- South Carolina: 6 to 24 months
- Tennessee: 6 to 24 months
- Utah: 7 to 18 months
- Wisconsin: 7 to 18 months
There is a natural trade-off between total interest payments and loan durations, with longer-term loans associated with higher interest paid. With that said, longer-term durations may be useful for customers looking to borrow near the maximum while simultaneously keeping monthly payments low.
As with loan term duration, Integra Credit’s minimum and maximum APR varies by state, ranging from a low of 149% to a high of 399%.
- Alabama: 149% to 159%
- California: 149%
- Delaware: 149% to 399%
- Idaho: 149% to 399%
- Kansas: 149% to 399%
- Missouri: 149% to 399%
- New Mexico: 149% to 169%
- South Carolina: 149% to 399%
- Tennessee: 149% to 275%
- Utah: 149% to 399%
- Wisconsin: 149% to 399%
Integra Credit offers loans with few fees attached. There are no loan origination fees or prepayment fees if borrowers pay off loan balances earlier than required.
There are late fees, however, which vary depending upon the state in which the loan is processed:
- Alabama: $18 or 5% of the missed payment, whichever is greater
- California: $10
- Delaware: 5% of the balance of any missed payment
- Idaho: $15 or 5% of the missed payment, whichever is greater
- Kansas: no late fees on available products
- Missouri: $15 or 5% of the missed payment, whichever is greater, not to exceed $50
- New Mexico: $10 or 5% of the missed payment, whichever is less
- South Carolina: no late fees on available products
- Tennessee: no late fees on available products
- Utah: $30 or 5% of the missed payment, whichever is greater
- Wisconsin: no listed late fee
Integra Credit offers loans in the range between $500 and $3,000, depending on state law.
- Alabama: $2,000 to $3,000
- California: $2,600 to $3,000
- Delaware: $500 to $3,000
- Idaho: $500 to $3,000
- Kansas: $700 to $3,000
- Missouri: $500 to $3,000
- New Mexico: $1,000 to $3,000
- South Carolina: $700 to $3,000
- Tennessee: $500 to $3,000
- Utah: $500 to $3,000
- Wisconsin: $500 to $3,000
Time to Funding
Generally, Integra Credit loans are funded very quickly. It is possible to receive funds in as soon as one day after applying. Additional time may be needed if there are any complications with paperwork.
Integra Loan Requirements
There are only a few minimum qualifications that one must meet to apply for a loan with Integra Credit. These include being 18 years old, having a valid bank account, providing a valid email address, and being a resident of the United States of America. However, Integra Credit only services customers in eleven states at the time of this writing, so only residents of these states can qualify.
Typical Credit Scores
Integra Credit’s target market includes customers with low credit scores, but they do not disclose their minimum score requirements. Based on customer reports, a good guess places a minimum required credit score at around 500.
During the pre-application process, Integra Credit requests some basic personal information including Social Security numbers, addresses, and bank account information. They then perform a soft credit pull in order to determine eligibility, which does not negatively impact your credit score.
Completion of the final loan application requires Integra Credit to do a hard credit pull. Your credit score may experience a temporary lowering in points.
Integra Credit generally recommends borrowers use electronic debit as their primary repayment option. Borrowers can set up automatic payments to be withdrawn directly from their bank accounts.
Payment Due Dates
Payment due dates are fixed and are scheduled on a monthly basis.
Early and Additional Payments
Integra Credit clearly states that there are no penalties for making additional payments or paying off loans early. This policy allows borrowers to build positive credit while simultaneously raising the upper limit on lines of credit.
The Integra Credit Customer Experience
Integra Credit’s customer support is available by phone or email six days a week. Reduces hours are available on Saturdays.
Hours of Operation
- Monday – Friday: 7 am to 9 pm CT
- Saturday: 9 am to 5:30 pm CT
Customer Support Line
Customer Feedback and Reports
Integra Credit received accreditation from the Better Business Bureau in December 2018 and has a BBB rating of A+.
Integra Credit has received strongly positive reviews on TrustPilot with a 5-star rating. 86% of feedback is marked as “Excellent” and an additional 9% is “Great.”
Reviews indicate that Integra Credit particularly shines in its:
- Clear and efficient application process
- Fast approval and loan delivery
- Kind and helpful customer service
- High customer service ratings across multiple reputable platforms
- Extremely fast service, with loans sometimes available on the next business day after applying
- A straightforward and transparent application process without hidden fees
- Available even to those with poor credit scores
- Very high APRs of as high as 300% in some states
- Only available in a limited number of states
- Small loan amounts ranging from $500 to $3,000
While limited in terms of availability and loan types, Integra Credit offers a fast and efficient way for borrowers with low credit scores to receive funding. Customers in emergency situations who can handle the relatively high-interest rates will benefit from Integra Credit’s speedy service.