First, check out the loan company on your local BBB website. Then do a quick online search and look up customer reviews. Finally, check with your state's attorney general to make sure that the lender is registered with the proper state government agencies. While at Funding Lobby, we do initial evaluation of each loan companies connected on our platform, you should also do your own due diligence.

Loan can be offered Unsecured (without any security to lender – generally a smaller amount, short term and with high interest) or a secured loan (Lender will require some collateral, generally larger amount, short – long term and cheaper interest). Loan can be a fixed interest rate or variable interest rate – interest rate fluctuates generally every quarter.
Each has its pros and cons and one must check them well before applying for any of these loans.

This depends on the kind of loan that you are applying for. People with less than a 580-credit score will find it difficult to borrow money. However, some companies and banks might give people money who have even less than 580 credit score.