Frequently asked questions

An installment loan is a common way to borrow money that provides you with an upfront lump sum of money that you can repay over time in a fixed number of equal monthly payments. These monthly payments are sometimes referred to as installments.

No. Courtesy Finance only offers personal installment loans. Payday loans are secured against a borrower’s next paycheck and generally must be repaid within several weeks. The high cost and short time to repayment can make it very difficult for most borrowers to pay off a payday loan. Courtesy Finance’s personal installment loans are repaid in equal, affordable monthly payments.

No. Courtesy Finance only offers personal installment loans. Most title pawns advance money based solely on the value of the vehicle collateral and must be repaid within 15-30 days. This approach means that title pawns are generally very expensive and difficult to pay off. Courtesy Finance looks at a customer’s financial situation and finds an affordable personal installment loan that meets their unique needs.

Courtesy Finance offers loan amounts from around $500 up to $20,000.

Loan decisions are based on a several factors including credit history, income, expenses, and availability and value of collateral. Courtesy Finance examines each customer’s situation, including their ability to repay a loan, and tries to find a loan that will meet their needs.

To complete a loan application, customers are required to provide several documents. These may include:
* Picture ID with signature (driver’s license, state issued ID or passport)
* Second form of ID (social security card, birth certificate)
* Address verification (most recent power bill, water bill, etc.)
* Employment and Income Documentation (Most recent paycheck, bank statement)
* Personal references with phone numbers of references
* Documents for collateral used to secure loan

Documentation requirements may vary, and a complete list will be provided during the application process.

Yes. You can begin the application process online by clicking the ‘Apply Now’ button. An employee from a local branch will contact you to complete the application and answer any questions.

If a customer visits a Courtesy Finance branch with all required documentation, it can take as little as one hour to approve the application and fund the loan. In most cases, applications submitted online or by phone will be approved the same day if we receive the application by 2:00 pm. Loan applications submitted outside of business hours will be processed the next business day.

Every Courtesy Finance loan has a fixed interest rate that will not change during the term of the loan.

The interest rate and APR will vary based on the type of loan and repayment terms. Contact a local Courtesy Finance branch to discuss rates and loan options.

Yes. Courtesy Finance reports monthly to Equifax and TransUnion.