Is Credit Ninja legit?

Asked by: Juston Schuster  |  Last update: January 23, 2025
Score: 5/5 (25 votes)

Applying for an online loan may worry you. After all, the FTC has received over 5.7 million reports of identity theft and fraud. Rest easy knowing that CreditNinja is a legitimate website. CreditNinja uses a Secure Sockets Layer (SSL) Certificate to ensure applicant information is encrypted and safe from interceptors.

Is CreditNinja a real site?

CreditNinja is a Chicago-based online lender offering high-cost personal loans — in some cases, you could end up paying double (or more) the amount you borrow, no matter how quickly you pay off the loan.

Does CreditNinja approve everyone?

Your eligibility depends on Creditworthiness and your resident state. To check eligibility, just fill out our quick online application. It will only take a few minutes.

Does CreditNinja run your credit?

CreditNinja's personal installment loans are designed to help borrowers with less-than-perfect credit. So while we do check aspects of your credit history, it's not the only thing we consider when reviewing your application.

What kind of loan is CreditNinja?

CreditNinja offers safe and responsible personal loan products. We're here to provide you with the most reliable and immediate financial support when you need it.

Credit Ninja Review 2024 | Boost Your Credit Score | Legit or Scam?

28 related questions found

What is the easiest online loan to get approved for?

Easiest personal loans to get
  • Best for bad credit: Avant.
  • Best for flexible terms: OneMain Financial.
  • Best for no credit history: Upstart.
  • Best for fast approval: LendingPoint.
  • Best for small loan amounts: Oportun.
  • Best for longer loan terms: Upgrade.
  • Best for peer-to-peer lending: Prosper.

Is CreditNinja a monthly payment?

While CreditNinja offers installment loans that come with monthly payments, we don't penalize borrowers for making semi-monthly payments. In fact, we encourage borrowers to pay off their loans as early as they like! If you are looking for an affordable loan with flexible repayment options, consider CreditNinja.

Do loans hurt your credit?

Applying for a personal loan can temporarily lower your credit scores by a few points. But the overall effect of the loan on your credit scores largely depends on how you manage the loan. If you make consistent, on-time payments, for example, getting a personal loan could help you improve your credit scores over time.

Is CreditNinja a direct lender?

CreditNinja is also a direct lender.

How long does it take for CreditNinja to deposit money?

Direct deposit is a superior payment method, and that is why we at CreditNinja use it to fund your loans. You can start your application today, and if approved, your funds will be deposited into your checking account the following business day after approval.

What is the minimum credit score you will need to borrow money?

The minimum credit score required for a personal loan varies by lender. If a lender requires a fair credit score, that might mean a score somewhere between 580 and 660. According to the Consumer Financial Protection Bureau (CFPB), having a higher credit score typically makes it easier to qualify for a loan.

Is CreditNinja a tribal loan?

CreditNinja is similar in that it also offers online installment loans, even though there is a large difference in the way that we function (not as a tribal lender). Our personal loan options are a great alternative to tribal loans, like the ones offered through Lendmo.

How do I know if a loan company is scamming me?

8 red flags to help identify loan scams
  • The lender says approval is guaranteed. ...
  • The lender charges upfront fees. ...
  • The lender pressures you to apply now. ...
  • The lender contacts you first. ...
  • The lender's terms are unusually favorable. ...
  • The lender has no contact information. ...
  • The lender has no physical address.

Does payday loans go against your credit?

No. Payday loans are generally not reported to the three major national credit reporting companies, so they are unlikely to impact your credit scores or help you build credit. Unlike other lenders, payday lenders generally don't use your credit reports or scores to determine whether you're eligible for a loan.

How do I know if my loan app is legit?

How to Ensure You're Using a SEC-Registered App
  1. ✓Verify proof of legitimacy - Check the app's official website or download page for clear information about SEC registration.
  2. ✓Look out for red flags - Watch out for apps pressuring you, having unclear terms, or asking for upfront fees – red flags for possible scams.

What is a good credit score?

There are some differences around how the various data elements on a credit report factor into the score calculations. Although credit scoring models vary, generally, credit scores from 660 to 724 are considered good; 725 to 759 are considered very good; and 760 and up are considered excellent.

Does closing a loan increase credit score?

Changing your account's 'Settled' status to 'Closed' with your credit card company is one of the simplest ways to enhance your CIBIL score. To do so, you must pay off all of your debts once and for all.

Is getting a personal loan a good idea to pay off credit cards?

If you have high credit card balances, a personal loan can help you pay off your credit card debt in full. This action will not only give you the peace of mind that comes with being out of credit card debt, it might also increase your credit score.

How does CreditNinja work?

CreditNinja is a superior online lender offering more affordable personal loans for borrowers with low credit scores. Our quick and easy loan process allows you to get the cash you need, at ninja speed. If you're currently experiencing a financial emergency, CreditNinja is here to help.

Does CreditNinja approve bad credit?

CreditNinja accepts applicants with a wide range of credit scores. So if you have bad credit, no credit, or even a history of bankruptcy you're still welcome to apply for a CreditNinja personal loan.

How to get a $2,000 loan with no credit?

Some federal credit unions offer payday alternative loans in amounts ranging from $200 up to $2,000. Some credit unions offer these loans without performing credit checks. Fees for payday alternative loans are capped at $20, and interest rates are also capped. Repayment terms can range from one month to 12 months.

How long does it take Credit Ninja to deposit money?

CreditNinja's Take on Most Direct Deposits

In conclusion, once you set up direct deposit with a checking account you should be able to access the funds on the same day that they are sent out!

What is a hardship loan?

Hardship personal loans are a type of personal loan intended to help borrowers overcome financial difficulties such as job loss, medical emergencies, or home repairs. Hardship personal loan programs are often offered by small banks and credit unions.