FAQ

An installment loan is a type of loan you repay over time with regularly scheduled payments.

centerpointebank.com is not a lender but a loan referral service. We do not make loan decisions. We work by matching consumers with large and legit US lenders that may be able to issue a short-term loan.

To apply for a loan, you just need to complete a short online application form on our website. We process it instantly and match you with the right lender for your needs.

Every lender from our network has its own rates and terms. If you have any questions about your loan, please contact the lender you got connected to.

If approved, you should expect to have the money in your bank account as soon as the same day or the next day.

Using our online referral service is free of charge.

Payday loans typically range between $100 and $1,000. Keep in mind that you may not be approved for the maximum loan amount. The loan amount you may be eligible for depends on multiple factors: the lender's policy, income, etc.

Each lender has its own eligibility criteria. To get accepted, you must typically:

1. be at least 18 years of age;
2. have a valid bank account in your name;
3. have a stable income;
4. have an email address and phone number.

To get matched with the lender, you will need to provide your name, address, phone number, monthly income, driver’s license number, Social Security Number, bank account information, etc.

Yes. Our website uses the most advanced security technologies to keep your personal information safe and secure.

Each lender has its own repayment terms. Your individual due date will be mentioned in your loan agreement. Payday loans are typically paid off within 1-4 weeks.

Some lenders from our network may check your credit score before giving you a loan. Many lenders will approve your loan application without checking your credit score.

In most cases, you can be eligible for a loan extension. Be sure to read the contract in advance to find out if you may extend your loan.

Loan default may cause unpleasant consequences: additional fees, penalties, damage to credit score, collection activities.

We cannot guarantee that you will be 100% approved for a loan, but acceptance rates are very high.

Yes. You may be eligible for a loan even if you have bad credit. It is more important that you meet other borrower requirements like having a stable income.

No. Some lenders from the network accept social security, pension, disability as income.

Loans can be used for whatever purpose, including car repairs, weddings, treatment, business trips, debt consolidation, vacation, a large purpose, etc.

Payday loans shouldn't affect your credit score, but it actually depends on the lender's policies. If you repay your loan on time, payday loans won't damage your credit score. Often, consumers use such loans to improve their credit.

centerpointebank.com currently serves consumers in the following US states: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.