How it Works
Enter Reservation Number
Submit Income Information & Verify
Provide Permission for Us to Review Your
Review Loan Terms & Accept Your Loan, If Approved
Frequently Asked Questions
Who is Credit Shop?
Credit Shop is a consumer lending company, headquartered in Austin, Texas. We are dedicated to helping millions of creditworthy Americans who may be paying too much for credit. We work to make Credit Shop loans easy to apply for and easy to understand.See Answer
How will I know if my request for a loan has been approved?
If your loan is approved, the loan terms and loan agreement will be presented on an approval confirmation page. You will also be notified by email and/or text message.See Answer
When will I get my money?
Depending upon the funding method, the funds should be available as follows:See Answer
STANDARD FUNDING - with the funds sent electronically to your bank account:
If you request an advance from your credit line: The funds should be in your bank account* the next business day if your request is processed before 1:00 p.m. ET, Monday-Friday. The funds should be in your bank account* the 2nd business day after loan acceptance or funds transfer request if your request is processed after 1:00 p.m. ET, Monday-Friday. The funds should be in your bank account the following Tuesday after your loan acceptance or funds transfer request if your request is processed any time Saturday or Sunday.
INSTANT FUNDING - with the funds sent electronically to your debit card account:
If you have a debit card, you may be able to receive your funds in just minutes after a funds transfer request. There may be a $3 fee for this service where available.
* Subject to your bank's funds availability policy. If the day of funding falls on a bank federal holiday the funds will be available the following business day.
How much will my loan cost?
The Annual Percentage Rate (APR) is the cost of credit as a yearly rate and ranges from 19.9% to 36%. In some states, we may charge a loan processing fee or account set-up fee ranging from $25 to $100 when we establish a loan. If a loan processing fee or account set –up fee is charged, it will be clearly disclosed to you before you accept your loan and will be reflected in your APR. If you decide to pay your loan off early, there is no pre-payment penalty.See Answer
How much may I borrow?
Credit Shop loans generally range from $1,000 to $3,000. Your final loan amount will be based on your creditworthiness and other factors, including your state of residence, which may have specific requirements.See Answer