Does Mariner Finance require collateral?
Collateral: If you apply for a secured loan, you’ll need to provide collateral. Typically, Mariner Finance will ask to secure the loan with something that has a title, such as a car, ATV, motorcycle, or trailer, according to company representatives.
Is Mariner finance a predatory lending?
Mariner Finance, a fast-growing consumer lending company, has been accused of predatory practices. Many of their customers end up in court buried in debt. The company has grown substantially over the past four years and today is connected to former U.S. Treasury Secretary Timothy Geithner.
Who does Mariner Finance pull credit?
Mariner Finance reports directly to Equifax, TransUnion, and Experian. Are you still affiliated with 1st Mariner Bank? No, Mariner Finance is not affiliated with 1st Mariner Bank.
How long does it take to hear back from Mariner Finance?
Once you’ve completed your application and provided all the requested documents, Mariner Finance will usually notify you of its decision within one business day. If approved, your funds will take around two business days to arrive.
How long has Mariner Finance been in business?
Mariner Finance, serving communities since 1927, operates over 480 branches in twenty-seven states, working and living as close to our customers as we can.
What happens if I don’t pay Mariner Finance?
What Happens if You Don ‘t Pay Mariner Finance? You see, if a consumer stops paying, then Mariner has to decide how they are going to get paid. The main factor in the decision they take will be the balance on the account. If the balance is small, they can charge off the account.
Does Mariner Finance do a hard pull?
When you apply for prequalification, Mariner Finance will perform a soft credit inquiry, which shouldn’t hurt your credit scores. But if you prequalify and then decide to continue with the formal loan application, Mariner will then perform a hard credit inquiry, which may lower your credit scores by a few points.