OUR OFFERINGS
Credit Card Loan Consolidation
Explore options such as balance transfers, personal loans, or leveraging home equity to consolidate your credit card loans. These methods aim to streamline repayment and potentially lower interest costs.
Balance Transfers for Credit Cards
For those able to clear their entire balance during the introductory period, shifting debt to a credit card with a lower interest rate stands as the preferred option. Quick & Simple Approval.
Unsecured Personal Loan
Once approved, a personal loan provides a quick and efficient means to consolidate credit card debt. As an unsecured option, it frequently emerges as the most advantageous choice.
Rates & Terms
Take advantage of our competitive fixed rates and borrower-friendly terms, propelling you towards the rapid eradication of your credit card balances. Our rates range from 4.99% APR to 34.99% APR, offering flexibility in selecting loan amounts between $5,000 and $100,000, choosing terms spanning 1 to 5 years. Our transparent origination fee structure covers all loan-related expenses, eliminating typical charges like application fees, prepayment penalties, and annual fees, ensuring clarity and simplicity throughout the process.
Loan Charges Schedule
| Loan Amount | Less than $2500 | $2500 to $4999.99 | $5000 to $9999.99 | $10,000 and Greater |
|---|---|---|---|---|
| Annual Percentage Rate (APR) | 36% | 24% | 18% | 12% |
| Origination Fee | 5% of loan amount or $50, whichever is lower | 4% of loan amount or $100, whichever is lower | 3% of loan amount or $150, whichever is lower | 2% of loan amount or $200, whichever is lower |
| Late Payment Fee | $15 or 5% of payment due, whichever is greater | $20 or 5% of payment due, whichever is greater | $25 or 5% of payment due, whichever is greater | $30 or 5% of payment due, whichever is greater |
| Non-Sufficient Funds (NSF) Fee | $25 per returned payment | $25 per returned payment | $25 per returned payment | $25 per returned payment |
| Early Repayment Fee | None | None | None | None |
Method of Computing Charges
| Charge Type | Method of Calculation |
|---|---|
| Interest Calculation | Interest is calculated on a daily basis using the APR. Formula: (Interest = (APR/365) * Principal * Number of Days Outstanding) |
| Origination Fee Calculation | The origination fee is a percentage of the loan amount or a fixed amount, whichever is lower, as specified in each loan bracket. |
| Late Fee Calculation | Late fees are applied based on the payment due date. If the payment is not received by the due date, the higher amount between the fixed late fee or the percentage of the payment due is charged. |
| NSF Fee Calculation | The NSF fee is a fixed amount charged for each returned payment due to insufficient funds. |
| Other Fees | There are no early repayment fees, encouraging borrowers to repay their loans early without additional costs. |
Approval Criteria
Emerald Gain Lending LLC Loan Coaches undergo extensive training to aid you in completing your application for optimal approval chances, emphasizing a holistic view of your financial situation rather than solely relying on your credit score. Unlike others with stringent lending practices, Emerald Gain Lending LLC Financial is devoted to finding ways to assist you.
UTILIZATION RATIO: 30% or below
To protect your credit, Emerald Gain Lending LLC considers factors beyond a single number, as exceeding a 30% utilization ratio can negatively impact your creditworthiness.
DEBT-TO-INCOME RATIO: 50% or less
Your debt-to-income ratio (DTI) assesses the proportion of your gross monthly income used for housing, credit card payments, and other debts. A DTI exceeding 50% indicates a potential paycheck-to-paycheck lifestyle. Emerald Gain Lending LLC recommends keeping your debt expenses below this threshold.
INCOME HISTORY: 1-2 years minimum
Demonstrating a stable and verifiable income source establishes your financial stability, necessitating a minimum of 1-2 years of income history.
FICO: Higher
While Emerald Gain Lending LLC recognizes the importance of your FICO Score in summarizing your credit history, we offer loan options that aren’t solely FICO-driven. We understand that you are more than a three-digit credit score, and we aim to provide tailored solutions.
BANK ACCOUNT
Emerald Gain Lending LLC Loan Coaches comprehend that your financial needs are unique, and we are committed to guiding you through the process to find real solutions, irrespective of your FICO Score, offering alternatives beyond traditional FICO-driven offerings.
Choose Emerald Gain Lending LLC
Are you ready to turn your financial dreams into reality? Seize the opportunity for a brighter future with our hassle-free personal loans. Take the first step toward your goals by applying now. Our straightforward application process ensures quick approval, and with competitive interest rates, your path to financial freedom has never been more accessible. Don’t let financial hurdles hold you back:
