Loans
TrueAmericanLoan review: get a loan easily
Read this TrueAmericanLoan review and learn how this loan aggregator lets you find multiple lenders that match your profile.
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by Danilo Pereira
TrueAmericanLoan: Find multiple lenders that match your profile in a single marketplace
With this lender platform, you will find loans from $500 to $35,000 with maturities that fit your budget just right. Read this TrueAmericanLoan review and find out what you need to know.
How to apply for a loan at TrueAmericanLoan?
In this TrueAmericanLoan application you will learn how to use this platform to start getting multiple loan offers within minutes.
TrueAmericanLoan helps you find just the right loan for your needs with a single simple online application form.
Applying is fast and easy, and you can find loans for multiple purposes, one of which might just be what you need. Read on and find out!
- APR: Lender-dependent
- Loan Purpose: Any
- Loan Amount: $500 to $35,000
- Credit Needed: Lender-dependent
- Terms: 60 days to 72 months (6 years)
- Origination Fee: Lender-dependent
- Late Fee: Lender-dependent
- Early Payoff Penalty: Lender-dependent
How does TrueAmericanLoan work?
TrueAmericanLoan is an online loan aggregator that bundles together a network of lenders in a single marketplace, making it easier for you to find just the right one for you.
The way it works is very simple. You fill in an application form with some of your information and the platform strives to find lenders that match your borrower profile.
As soon as this is done, if the platform is able to find a match for your credit score, loan amount and loan terms, you will receive one or multiple loan offers.
Then, all you have to do is to pick the one that best suits your needs, apply for it in just a few minutes, and receive your funds within a day or two.
In order to apply you must be 18 years old or above, be a U.S. citizen and be currently employed with an income of at least $800 a month or more.
TrueAmericanLoan does not accept applications from Military Personnel, and you must also have a checking account to be able to receive your funds.
The minimum credit score TrueAmericanLoan requires is 540. However, if you have a higher credit score, you will probably receive more offers to compare.
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TrueAmericanLoan: should you apply for it?
Now that you are familiar with the main details of this platform let’s have a look at its pros and cons. Our TrueAmericanLoan review would not be complete without it. Check it out!
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Pros
- Wide range of loan amounts
- Fast processing
- Get multiple offers with one application
- Simple platform and application form
Cons
- Only available to U.S. citizens
- Not available in the states of NY, CT, VT, WV, AK, and GA
- Not available for military personnel and non-US citizens
- Not available for those on benefit income
What is the required credit score?
TrueAmericanLoan is not a direct lender. Because of this it does not perform credit checks on borrowers using the platform to find loans.
However, once you choose a loan offer and apply for it, the lender might perform a credit check.
For this reason we advise you to check your credit score before applying with a lender to avoid taking unnecessary blows to your credit score.
Learn how to apply for TrueAmericanLoan
Do you like what you have seen in this TrueAmericanLoan review? If so, you might want to take the next step and use the platform to find loans.
Click the link below and we are going to show you how you can do it.
How to apply for a loan at TrueAmericanLoan?
In this TrueAmericanLoan application you will learn how to use this platform to start getting multiple loan offers within minutes.
About the author / Danilo Pereira
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