What Is 605 Lending Installment Loans?

605 Lending Credit Cadabra

605 Lending Installment Loans are provided by 605 Lending, a direct lender situated in Flandreau, SD.

  • Loan Amount: Up to $1000
  • Loan Fee: N/A
  • Monthly Income Requirement: N/A

605 Lending Installment Loans are offered in 35 states in the United States.


Here you can find reviews from individuals just like you who used the services and products provided by 605-Loan (Loan Agency) in the Oklahoma region.

Based on 15 reviews, the company now has a rating of 3.1 stars out of 5.

You’ve probably seen that it reaches an average of views, and it’s based on a large number of viewpoints, so we can claim that the evaluation is extremely reliable. If there are a lot of individuals who bother to rate after they’ve had a good experience with the service, it means that it works.

You know, we don’t normally pause to voice our thoughts when things are going well, and we usually do so only when there is a problem or an incident…


What are the rates and costs for 605 Lending Installment Loans?

These loans are intended to be a short-term source of credit, but the annualized percentage rate of those costs ranges from 780 percent to 780 percent.

How much money can you borrow with 605 Lending Installment Loans?

Loan amounts range from $1 to $1,000.

What are the requirements for 605 Lending Installment Loans?

605 Lending Installment Loans do not need or reveal a minimum credit score. The eligibility age is 18 or the state minimum, whichever is greater.
The minimum yearly income qualifying condition for their Lending Installment Loans does not exist or is not disclosed. 605 Lending Installment Loans exclusively accepts employed borrowers.

The Military Lending Act (32 C.F.R. 232) forbids lenders from charging military members more than a 36 percent annual percentage rate on loans granted to covered borrowers. Active duty military personnel and their qualified families may apply for a loan. Their interest rates are limited by the Military Lending Act.

Of course, nationals of the United States are eligible for the services provided by 605 Lending Installment Loans. Permanent residents and holders of green cards are also able to apply.

Applicants may be required to produce the following paperwork in order to qualify:

  • Applicants must have a personal checking account that is both current and legitimate.
  • A valid driver’s license
  • Photo identification issued by the government
  • Identity verification
  • Proof of citizenship or a valid resident permit

Is a credit check performed by 605 Lending Installment Loans?

Yes, when you apply for a loan with this lender, your credit report will be checked. You can also expect a hard inquiry to appear on your credit report.

What is the expected funding time for a 605 Lending Installment Loans payday loan?

605 Lending Installment Loans often give a credit approval decision within an hour and fund the loan within one business day.

Is your account activity reported to credit bureaus by 605 Lending Installment Loans?

Yes, 605 Lending Installment Loans transmits your account activity to the credit reporting bureaus listed below:

  • Equifax
  • Transunion
  • Experian

Making on-time payments to a creditor who reports to one or more credit agencies demonstrates financial responsibility and may help enhance your credit score.

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Toshiko Osaka