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General Questions

How can I apply for a Lendly loan?

You can apply at www.lendly.com.

Does being declined hurt my credit score?

No, loan denials are not reported to the credit bureaus.

My application for a Lendly loan was declined. What are my options?

If you feel as though you entered information incorrectly on your application, you may reapply at www.lendly.com. Lendly utilizes third-party services for validating information on your application. If the denial was a result of one of these services, you may contact that vendor to discuss information you feel was reported incorrectly. Please contact Lendly at 1-888-8LENDLY (1-888-853-6359) for further information on the vendors we use.

What is your credit reporting policy?

All Lendly loan payment history is reported to a credit reporting agency every month.

How does applying for a Lendly loan affect my credit?

Upon applying for a Lendly loan a credit inquiry will likely appear in your credit history. This may have a small impact on your overall credit score.

I haven’t established credit yet. Can I still apply?

Yes. A lack of established credit will not necessarily disqualify you from getting a Lendly loan.

Do you consider other factors in addition to an applicant’s employment history?

Yes. While time on the job is a factor considered when reviewing loan applications, your income will be reviewed, and third-party services are used to verify the information that you provided in your loan application. Inaccurate information in your loan application might disqualify you from getting a Lendly loan.

What is the minimum credit score you will accept?

Lendly loan applications are not approved or denied based solely on a credit score. A low or subprime credit score will not necessarily disqualify you from getting a Lendly loan.

Do you consider household income when reviewing applications?

Only the applicant’s income is reviewed during the application process.

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Questions?

1-888-853-6359

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theteam@lendly.com

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Lendly is not a lender and does not make loans. Lendly connects interested persons with a third-party lender. Lendly loans are not available in all states.
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A bank account is required in order to obtain a Lendly loan. Also, a Lendly loan requires setting up payments through a payroll direct deposit. Learn more about payroll direct deposit here.

The Lendly loan is an installment loan in amounts up to $2,000. For the typical loan, the annual percentage rate (APR) is approximately 225%.

Florida loans are subject to a Documentary Stamp Tax. The tax amount is not included in the above quoted APR range. The amount of this tax, which is 35 cents per $100 or portion thereof (or $3.85 for a $1,000 loan), will be added to your loan amount if your loan application is approved and funded.

Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This means that when you open an account, you will be asked for your name, address, date of birth, and other information that will allow you to be identified. Your driver's license and other identifying documents may also be required.
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