Frequently Asked Questions
Why should I get a loan through Acceptance Financial instead of carrying a balance on my credit card?
Acceptance Financial offers access to low rates with a fixed payment schedule, so you know exactly when you will pay off your loan. With loans through Acceptance Financial, your interest rate is FIXED. Most credit card rates are variable, meaning they increase as the Prime rate increases. Lock in a FIXED rate today, the Fed may raise rates again soon.
Is there collateral required?
No collateral is required or accepted for a loan through Acceptance Financial.
What will my Interest rate be?
Your custom interest rate and loan amount will be determined by a variety of factors, including but not limited to your credit history, your income, and your ability to repay the loan.
Does pre-approved mean that I am guaranteed approval?
We used information contained in your credit report to determine that you satisfied certain criteria for creditworthiness in conjunction with this offer. If, after you respond to this offer, it is determined that you no longer satisfy that criteria, credit may not be extended to you. This can happen if your credit score has recently decreased. Additionally, we don’t have your income information until you apply for a loan. Credit may not be extended to you if you do not have sufficient income to support your loan payments.
Are there penalties for early payment of my loan?
There are no fees or penalties for early payment of your loan. You only pay interest on your loan on the outstanding balance, so early payment will also reduce your interest charges. Any fees already paid, including origination or fees, will not be refunded.