Integra Credit Personal Loan Review
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Read more about how we rated Integra Credit.Integra Credit is a lender that specifically caters to consumers with bad credit. Its annual percentage rates (APRs), terms, amounts and fees all vary depending on the state you live in.
- No impact to your credit: Integra Credit allows you to apply for a loan with no impact to your credit score. This is known as a soft credit inquiry.
- Limited availability: This lender only offers loans in 26 states, which will exclude many potential borrowers.
- High APRs: If you live in a state that Integra Credit services, you can expect to pay a hefty sum in interest — Integra APRs range from 149.00% to 399.99%. Financial advocates generally agree that the maximum affordable APR is 36%.
- Small loan amounts: Integra Credit only offers small loans that range from $500 to $3,000, depending on where you live. If you’re looking to borrow a larger sum, you’ll need to look elsewhere.
- Short repayment terms: If you borrow money from Integra Credit, you’ll only have 10 to 18 months to repay it. The terms of your loan will depend on where you live.
- Best for bad-credit borrowers: Integra Credit may be an option for consumers with bad credit who have trouble qualifying for other types of credit. However, due to the cost of borrowing, it’s best to avoid this lender if possible.
Integra Credit pros and cons
While Integra Credit does offer some positives, they may be overshadowed by this lender’s significant downsides.
| Pros | Cons |
|---|---|
Quick funding timeline No prepayment penalties Offers small loan amounts | Extremely high APRs Short repayment terms Not available everywhere |
While most lenders offer personal loans in amounts of $1,000 or more, Integra Credit provides loans as small as $500 in some states. Consumers that apply for an Integra Credit loan can receive their funds within 24 hours after signing their loan agreement, which can help borrowers in need of access to quick cash. You can also repay your loan before its due and not have to worry about being charged a prepayment penalty.
On the other hand, Integra Credit provides APRs that can be as high as those for a payday loan. And while traditional personal loans come with repayment terms that typically range from 12 to 144 months, Integra Credit only offers terms from 10 to 18 months. The high APR and short repayment period could make an Integra loan difficult to repay.
Before applying, be sure this lender services your area. Integra Credit only operates in the following states:
Arizona
Arkansas
California
Delaware
Florida
Idaho
Kansas
Kentucky
Louisiana
Michigan
Minnesota
Mississippi
Montana
Nebraska
New Mexico
Ohio
Oregon
South Dakota
Tennessee
Texas
Utah
Wisconsin
Integra Credit requirements
Not only do you have to live in a state where Integra Credit operates, but you’ll also have to be of legal age to sign a contract where you live (typically 18 years old).
| Minimum credit score | Not specified |
| Other requirements |
|
If Integra Credit’s loan options won’t work for your borrowing needs, be sure to shop around for a lender that helps you meet your financial goals and can offer you the best-fitting rates, terms and amounts.
How to get a loan with Integra Credit
While you will have to create an account with Integra Credit, the overall application process is simple with a quick funding timeline.
Create an account
To get an Integra Credit loan, you’ll first need to create an account with the company. You’ll need to provide some of your personal information — such as your name, email and phone number — as well as your state of residence and how much you plan to borrow.
Fill out an application
Once you’ve created an account, you’ll fill out an online application and supply income information. To verify your income, you may need to provide documentation like recent pay stubs, bank statements or W-2s.
You’ll also need to give your address, Social Security number and driver’s license information during the application process. After you submit your application, Integra Credit will perform a soft credit inquiry, which won’t impact your credit score.
Close on your loan
If Integra Credit chooses to approve your loan request, you’ll need to sign your loan documents and accept the loan. After this, Integra Credit can typically deposit your money within 24 hours.
If you’re struggling to qualify for a personal loan, work on boosting your chances of getting approved. This can include cutting down on the amount of debt you carry or making sure to submit payments on time to increase your credit score.
How Integra Credit compares to other personal loan companies
Even if you believe Integra Credit aligns with what you’re looking for in a personal loan, it never hurts to shop around and compare other lenders. Here’s how Integra Credit stacks up against similar personal loan lenders.
| Integra Credit | Upstart | OppLoans | |
|---|---|---|---|
| LendingTree’s rating | 3.0/5 | 4.2/5 (Read review) | 3.0/5 (Read review) |
| Minimum credit score | Not specified | 300 | No minimum |
| APRs | 149.00% - 399.99% | 6.40% - 35.99% | 160.00% |
| Loan amount | $500 to $3,000 | $1,000 to $50,000 | $500 to $4,000 |
| Repayment term | 10 to 18 months | 36 and 60 months | 9 to 18 months |
| Origination fee | None | Up to 10% | None |
| Funding timeline | Receive funds within 24 hours | Receive funds as soon as the next business day | Receive funds as soon as the same business day |
| Bottom line | Out of these three lenders, Integra Credit has the highest APRs by far. It also has the least flexible loan amounts. However, similar to the other two lenders, it offers quick funding. | Upstart is a great option for bad-credit borrowers. Even its max APR is affordable, and while you’ll have to pay an origination fee, you can repay your loan over a significantly longer period. | While OppLoans has slightly less flexible repayment terms than Integra Credit, its APRs are lower. It also has slightly more varied loan amount options and quicker funding than Integra Credit. |
How we rated Integra Credit
To come up with our star rating for personal loan companies, LendingTree considered 22 data points across three categories:
- Accessibility: We paid attention to whether lenders offered loans to nontraditional borrowers, as well as those without excellent credit scores. We also checked if lenders offered soft credit pulls, and whether they were transparent about eligibility criteria other than credit scores.
- Rates and terms: We wanted to know if lender rates, terms, amounts and fees were not only transparent, but also competitive.
- Repayment experience: We based this category on lenders’ reputations, customer support availability and unique benefits.
The data points reflect every step of the process to shop and apply for, borrow and repay personal loans. A five-star lender, for instance, has flexible eligibility requirements, offers you the chance to prequalify without commitment and supports you in zeroing your balance.
The 22 data points, culled from the lenders themselves, determine the overall rating. We score lenders consistently, sometimes awarding partial points, so that you can make apples-to-apples comparisons when shopping around.
LendingTree isn’t paid for conducting these reviews, and lenders don’t have control over their content. With our reviews and ratings, we aim to give our users the objective and exhaustive information they need to make the best possible decisions.
Frequently asked questions
Integra Credit has similar APRs to payday loans, which can also get as high as 400%. However, where Integra Credit differs from traditional payday loans is its loan amount offerings and repayment terms. Payday lenders typically only provide loans up to $500 with terms ranging from two to four weeks.
Depending on the state you live in, Integra Credit may charge you late fees if you don’t make your monthly payments on time. If you don’t pay after 120 to 180 days, lenders generally consider your account delinquent and sell it to a debt collection agency.
Integra Credit deposits your money within 24 hours of you signing your loan agreement. This falls in line with the typical funding timeline for most lenders, which commonly ranges from one to five days.