Frequently Asked Questions

The Process

What questions will CreditSoup be asking?

CreditSoup, Inc. will ask you questions about your current financial situation, your financial needs, and some information about yourself. We will ask you questions about current mortgages, assets, debts, and income. Depending on what area you are looking at financing, there may be some different questions for you to answer. top

How quickly will my loan be approved?

Each lender that we work with has their own procedures for processing loans. The best way to find out exactly what to expect is to contact the lender that you applied with or check their FAQ’s. If you have trouble remembering which lender you applied with or cannot find their contact information, contact us using our Loan Status Inquiry form located in the About Us section and we will provide you with the correct contact information. top

How will I get a response from the lenders?

This will depend upon what area your request is in. In most instances you will receive an e-mail from CreditSoup as to where your information has been sent, and then you will either be contacted from the lender in the form of an email or via the telephone. top

Does CreditSoup charge me anything for using their service?

No, the application process that CreditSoup provides is an absolutely free service. top

Are there any hidden fees associated with applying online at CreditSoup.com?

No, the application process that CreditSoup provides is an absolutely free service. You will never be charged a start-up, application or even monthly fee with CreditSoup. top

What should I be expecting after I submit my application for a loan?

Each lender that we work with has their own procedures for processing loans. The best way to find out exactly what to expect is to contact the lender that you applied with or check their FAQ’s. If you have trouble remembering which lender you applied with or cannot find their contact information, contact us using our Loan Status Inquiry form located in the About Us section and we will provide you with the correct contact information. top

Will the lender require any documentation prior to closing my loan?

You will probably be required to give your lender a copy of your tax return, past paystubs, bank statements, information on debts, and depending on location, other necessary information. top

What is the interest rate?

Each individual has different requirements that need to be met; therefore the interest rate will vary depending on each individual. Some factors may include employment, credit history, etc. It is our goal to match up the consumer’s needs to the lender who will best meet those needs. We will strive to provide the best possible match for each consumer. top

 

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