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 CreditShop?
CreditShop 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 CreditShop 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 cost of your loan will depend on its size and your interest rate, both of which will depend on your creditworthiness and other factors. CreditShop’s interest rates range from 29.9% to 36%. The Annual Percentage Rate (APR), which reflects the total annual cost of credit, may be higher than the interest rate if a loan processing fee or account set-up fee is charged. In some cases, we charge a loan processing fee or account set-up fee that adheres to state-specific laws. If applicable, the loan processing fee or account set-up fee will be added to the loan amount. Interest will be charged daily on a simple interest basis. If you decide to pay your loan off early, there will be no pre-payment penalty.See Answer
How much may I borrow?
CreditShop loans generally range from $500 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