About Integra Credit
Integra Credit is an online lending platform that offers personal installment loans to borrowers with bad credit that are in need of quick funds due to unexpected emergency expenses.
Integra Credit loans come with very high interest rates and short term lengths. They also only allow small loan amounts ranging from $500 to $3,000.
Integra Credit was founded in 2014 and is headquartered in Chicago, IL.
Pros
- Soft credit inquiry applications
- No prepayment penalties
- Loans for borrowers with bad credit
Cons
- Extremely high maximum APR
- Very short repayment terms
- Small loan amounts
Integra Credit Loan Details
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Minimum credit score/credit range
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No minimum
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APR
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149.00% to 399.99%
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Loan amounts
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$500 - $3,000
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Terms
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10 to 18 months
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Approval turnaround
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1 to 3 business days
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Availability
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Only available in 26 states
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Fees
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Varies
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Other fees
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No Origination Fees
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Who Is Integra Credit Best For
Integra Credit credits their loans to borrowers with bad credit that are in need of emergency funds. If you have an unexpected expense, need quick funds to cover it, and have a bad credit score, Integra Credit loans may be a good fit for you.
Integra Credit is not a good fit for the majority of borrowers in most situations due to the extremely high APR, short term length, and small loan amount. With the APR being as low as 149%, this loan falls strictly into the emergency loan category.
It is important to note that taking out an Integra Credit loan should only be done in an emergency situation as the terms can easily destroy your financial goals if not accounted for appropriately.
Where is Integra Credit Available
Integra Credit is available in the following states:
Alabama, Arizona, Arkansas, California, Delaware, Florida, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, Ohio, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, and Wisconsin.
If you do not reside in any of the above states, you are not able to take out a loan through Integra Credit.
Integra Credit Loan Uses
Integra Credit does not have any restrictions for their borrowers on the use of their funds.
We believe, however, that these loans should only be used for emergency expenses like medical bills, relocation/moving expenses, vehicle repair expenses, etc. It does not make sense to take out a loan like this one for unnecessary expenses that can be avoided or to consolidate debt as the interest rate is likely higher than the interest rate on any existing debt.
How to Contact Integra Credit
Integra Credit’s customer support is available by phone at 855-345-5550 on Monday to Friday from 8 AM to 8 PM MT and on Saturday from 9 AM to 6 PM MT. They are closed on Sundays.
You may also contact their support team through email at [email protected].
Our Verdict
Unless you are in dire need of funds due to an unforeseen expense or emergency, you are better off not getting an Integra Credit loan. Another reason you may benefit from one of these loans is if you have a bad credit history and you cannot obtain a loan through traditional lenders.
We consider this lender to be trustworthy, but we do not like the insanely high interest rates that come with their loans. Even with a decent credit score, you can get the same loan amount (if not more) with other lenders that will offer you more favorable term lengths and interest rates that are capped at 36%, which is less than 1/3 of the lower end of the range for Integra Credit loans.
This loan is the type of loan that can completely ruin your financial goals if it is not managed correctly. Make sure that if you are willing to go through with getting this loan you will be able to pay it off quickly to avoid paying a lot in interest.
If you have good credit, it is not even worth considering Integra Credit loans, you should apply for personal loans with other lenders. If you have a bad credit score, you can find other lender alternatives for bad credit that may offer better terms than Integra Credit depending on your situation.