Frequently Asked Questions

Again, thank you for your interest in our loan services. If you do not find the answers to any questions you may have regarding the programs offered, please fill out our contact form so that we can make sure you get answers.

Auto Loans

Q: My credit score is 650, can I qualify for a loan with that low of a score?
A: Many auto loan lenders specializing in subprime lending will approve car loans for people with fair and poor credit. Of course, your credit score isn't the entire deciding factor, you will also need to meet additional requirements for the loan approval.

Q: I don't have much to put towards a down payment, what options do I have?
A: Having a large down payment is not always necessary and several factors do go into determining just how much you will need. Lenders will look at things, like your credit score, what the total cost of the vehicle is, and how much will your payments need to be. Be sure to inquire about special finance programs that offer down payment assistance.

Q: Will I need a co-signer?
A: Not everyone applying for a car loan will need a co-signer. Certainly this will be the case for some, but the lender will analyze each loan application and decide on an individual basis.

Q: What types of auto loans are available?
A: Loans for both new and used vehicles are available nationwide. Additionally, bad credit car laons are available for those struggling with credit issues.

Q: I want to buy a car from an individual, can I get a loan for that?
A: You may qualify for a personal loan for that purpose. However, if you apply for an auto loan, the loan servicer would be one of our nationwide dealers.

Cash Advances

Q: Is there a credit requirement to qualify for a cash advance loan?
A: Payday loan lenders normally do not ask for you to have the best credit. They do however, go through consumer databases to make sure that you do not have other unpaid payday loans.

Q: What is the maximum amount I can get with a payday loan?
A: Each state has limits on the payday loan amounts, some states may have a $500 limit and others, may be more. Please keep in mind that payday loans are generally small loans, under $2,000, in which you can repay in full in a short amount of time.

Q: How long does the approval process usually take?
A: It really depends upon the lender and the accuracy of your application. If your loan application is inaccurate or incomplete it will definitely take longer to process.

Q: Will my employer be notified that I am applying for a payday loan?
A: No. You will, however, be asked to submit a current pay stub as proof of income.

Q: What are the basic requirements for a payday loan?
A: Basically, you have to be at least 18 years old, you must have a monthly income of at least $800, you must show proof of residency, and you must have a bank account in your name.Some lenders might ask for more, but all will require the basics.

Q: Why do I need to provide banking information on the application?
A: Once you are approved, the lender will send money to your bank account, and you will also need to make the loan payments electronically. If you do not have a bank account, you will not be able to complete the transaction.

Q: Will I be asked to fax personal documents to the lender?
A: Generally speaking, no. Unless you have extenuating circumstances then it likely that you will not be required to fax documentation to the lender.

Debt Relief

Q: Are debt consolidation loans available?
A: Yes, our debt services do offer debt consolidation loans.

Q: What does it cost to get a debt relief quote?
A: It will cost you nothing to get a quote. We will never ask for payment upfront or require an application fee.

Q: If I get a debt quote, am I obligated to accept it?
A: You are never under any obligation to accept any offers presented to you.

Personal Loans

Q: How is a personal loan different than a payday loan?
A: Personal loans and payday loans are totally different. Personal loans are for a larger amounts, and your credit will determine the amount of interest you pay. The lowest interest rates are for people who have the best credit. Payday loan interest rates are not based upon your credit, rather, the lender sets the rates based upon state laws.

Q: What is the difference between an unsecured personal loan and a secured personal loan?
A: When you are approved for an unsecured personal loan, you will not be asked to put up collateral for the loan. A secured personal loan does require collateral, and if you do not meet your obligation of paying off the loan, the lender then has the legal right to take the collateral.

Q: Are there restrictions on how I can use a personal loan?
A: No, people use personal loans for a variety of reasons. Many use personal loans to pay for school expenses and tuition, unexpected medical bills, vacations, home improvements, or even pay off existing loans.

Q: Is the online application secur
General Questions

A: Yes, look at the address bar on your computer. See the "https"? This means the application is transferred on a secure server to the lender.

Q: What hours of the day do you accept applications?
A: You can apply online 24 hours a day, seven days a week. Applications are instantly submitted through our secure server.

Q: Do you take applications by phone?
A: No, due to privacy concerns, we do not take phone applications.

Q: I would like to know my credit score before applying for a loan, how can I find this information?
A: You can just do an online search, there are many resources that will assist you including the three major credit reporting agencies.

Q: Will I be required to send payment upfront, or do you need my credit card information in order to apply for a loan?
A: No, Nations Financial Services will never ask for any form of payment. Additionally, we will not ask for any type of credit card information.


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Customer Feedback

Thanks NFS! We didn't realize how easy getting our first new car loan would be.

AJ & Gail Harris

I was worried about getting a loan approval with my bad credit, but I was able to get a cash loan in with no co-signer or collateral. NFS is awesome!

Lucy Kim