Company Profile
Excel Debt Relief's strategy transcends conventional credit assessment methods, enabling them to greenlight 27% more loans compared to traditional lenders. Founded by individuals steeped in the tech industry, their proficiency in leveraging artificial intelligence technologies has revolutionized lending programs. This innovative approach allows for increased loan approvals without a substantial uptick in risk, resulting in more competitive interest rates.
Application Process
Excel Debt Relief underscores a swift and user-friendly application process, positioning itself as one of the quickest avenues for credit approval. Initially, applicants provide fundamental personal and loan-related information. Subsequently, their data undergoes assessment through Excel Debt Relief's proprietary system, determining loan eligibility and rates. Notably, this initial rate check utilizes a soft credit inquiry, preserving your credit score.
Loan Types and Terms
Excel Debt Relief caters to a diverse array of loan purposes, including credit card debt consolidation, auto purchases, education expenses, medical bills, relocation costs, refinancing, vacations, and major expenditures. Loan amounts range from $1,000 to $50,000, addressing various needs except mortgages. Loan durations span three to five years, with interest rates ranging from 5.42% to 35.99%, typically falling in the upper teens, customized to individual profiles.
It's essential to carefully scrutinize loan terms upon receiving an offer, as some partner institutions impose origination fees, potentially overlooked yet costly. While commonplace in the industry, avoiding such fees can lead to significant savings.
Repayment Options
Upon securing your loan, specific instructions will be provided for making payments. Options include recurring ACH payments, manual ACH payments, or monthly check submissions. Timely monthly payments are expected as agreed upon. Payments are directed to the bank partnered with Excel Debt Relief.
A notable advantage is the absence of early payment penalties. You have the flexibility to pay slightly more each month, accelerating loan repayment and saving substantially on interest. Additionally, lump sum payments towards the loan balance can significantly reduce interest payments. You can even pay off the entire loan ahead of schedule without incurring penalties or fines, provided you have the necessary funds.
Rates
Interest rates for Excel Debt Relief loans range from 5.42% to 35.99% APR. Higher credit scores, larger incomes, and positive financial histories typically result in lower rates. Importantly, Excel Debt Relief considers factors beyond credit scores, often offering lower rates to individuals with lower credit scores but stable incomes or no payment defaults.
Summary
Excel Debt Relief presents a compelling option for those seeking loans with imperfect credit. Their innovative approach often translates into lower interest rates for approved borrowers. Additionally, Excel Debt Relief frequently extends approval to applicants declined by other lenders. It's advisable to initiate an application and assess the outcome. Excel Debt Relief stands as a dependable lender, distinguished by exceptional customer support, setting it apart from competitors.