Frequently asked questions

DC Loans is a subsidiary of The Lending Team Corp, which has been helping clients with loans since 2006. We have access to over 20+ lenders, which means we can shop for the best available loan options for our clients. Our highly qualified loan consultants have extensive knowledge and expertise to find the best available loan options tailored to fit the individual client's true needs because we understand that there is no "one size fits all" loan. 

We don't charge any fees from you, ever! Our compensation comes directly from our loan partners and affiliates only if your loan is approved and accepted. Thus, our service does not have any impact on your interest rate or qualification, which aligns our goals with yours; to find you the best available loan options & rates to review so that you can decide which option is best for you.

Our process is QUICK and SIMPLE to get started! We find the loan rate you qualify for in minutes, get approved and your credit card and other unsecured loans could be paid off in as little as 1-2 business days! 

Our loan programs offer one LOW and FIXED payment. This means you can pay off all your credit card balances or debt with just one affordable monthly payment that could help free up extra cash flow each month!

BOOST your credit score! Paying off your credit cards with a consolidation loan and not incurring more debt could help boost your credit score! It helps reduce the number of liabilities, as well as, having a new tradeline reporting on time payments

Help you become DEBT-FREE and achieve your financial goals. Just imagine how incredible it will feel when you no longer have to deal with outrageous interest rates, never-ending monthly payments and the financial stress causing all those sleepless nights!   

No. We only run a "soft pull" credit inquiry, which won't impact your credit scores to find your loan options.

Once you select the loan option that best fits your goals and continue your application, a “hard inquiry" may likely be required to verify the information you’ve provided on the application for final loan approval. However, the advantage to our process is that we can search & find the best loan options through all of our lenders with our "soft inquiry" so that there are not multiple "hard inquiries" on your credit, which can avoid unnecessarily lowering your credit.

Unsecured Personal Loans (UPL), allow you to borrow funds without having to put up any collateral such as, a home, vehicle or other type of assets. You can use personal loans for a variety of purposes, including debt consolidation. 

Unsecured Personal Loans (UPL) offer many advantages compared to Secured Loans (i.e. home equity lines of credit). UPL's don't require any collateral to qualify, they often have lower credit score requirements to qualify, there is no cost to apply vs. Secured Loans that typically have much more fees associated with them (i.e. application fees, credit report fees, underwriting fees, title fees, appraisal fees, recording fees, etc.), and they're typically much fast to get approved since there is no appraisal or inspections required. UPL's are also typically fixed rate and term options so that your payment and rate doesn't fluctuate.  UPL's can range from 2.49%-35.99% and go up to $250,000.

An Unsecured Personal Loan (UPL) aka Debt Consolidation Loans (DC Loans) can be used to pay off your credit cards, thereby consolidating all your debts into one fixed monthly payment to a single lender.  This helps eliminate much of the stress of having to pay multiple cards each month and a fixed rate means your monthly payments won’t change. That makes budgeting for payments simple and predictable over the life of your loan. Additionally, it helps eliminate having multiple debts on your credit that may be lowering your scores.

Also, credit cards charge compounding interest that compounds daily (interest on interest), which can take years to pay off. DC Loans are installment loans that are either simple interest or amortized at a fixed interest rate, making it a lot easier to pay back in a shorter period of time. 

We are not a bank and don't lend our own money.  This means, we don't stand to gain anything from offering higher interest rates or origination fees, etc. We simply work with multiple Lending Partners to shop & find the best available options for our clients, so our goal is to find you the best rate and loans. We are compensated by our affiliate partners only when you select and are approved, and accept the loan.