CompareFirst Review – Find an Online Loan up to $50,000?

Online loan matching networks like CompareFirst can help people quickly secure a personal loan within a matter of a few hours.

Launched in 2016, CompareFirst.co functions as a loan matching service platform that connects credit borrowers with online lenders.

If you reside within the United States and are looking to obtain a loan online than CompareFirst may be a suitable loan service provider to consider.

To find out more information regarding CompareFirst we invite you to read our unbiased review.

About CompareFirst

CompareFirst is not a direct lender, instead they function as a loan matching network.

By working with a select group of lenders, CompareFirst can reduce a consumers loan acquisition process nearly ten-fold.

The minimum loan amount offered is $1,000.

The maximum loan amount offered through CompareFirst is $50,000.

Repayment periods range between 12 months to 84 months.

Annual percentage rates vary between 2.99% to 35.99%.

How does CompareFirst Work?

CompareFirst works under the same capacity as other loan matching networks.

First their site functions as the platform where potential loan applicants can apply for loans upwards to $50,000.

In order to be deemed eligible to use CompareFirst you must meet the requirements below:

Eligibility Requirements

• Must be 18 years of age
• Must reside within the United States

Unlike other loan matching networks, CompareFirst does not impose many restrictions when it comes to utilizing their platform.

Consumers of all credit types are able to apply hassle free knowing that there are also no income requirements when applying for a loan through CompareFirst.

All applicants have to do to begin the loan application would be to visit CompareVisit and submit your requested loan amount, annual income and estimated credit score then click “Compare Offers.”

Once submitted you’ll be prompted to provide your first and last name, email address, employment history and checking account information.

Since CompareFirst works as a loan matching network, your loan application gets reviewed by multiple online lenders simultaneously to generate more loan offers and as a result loan applicants receive more competitive offers.

Once a consumer decides which lenders they wish to work with, they can review the loan contract online where they can electronically sign and validate the loan offer.

Once the loan application process has been complete, borrowers will have their loan wired to their checking account information disclosed during the application process within the next 24 to 48 hours.

Lenders

SoFi

Credit Score: Good

Term: 36 – 84 months

APR: 4.83% – 14.49%

LightStream

Credit Score: Fair

Term: 24 – 84 months

APR: 2.49% – 17.49%

Prosper

Credit Score: Poor

Term: 30 – 60 months

APR: 5.99% – 36.00%

Backed

Credit Score: Bad

Term: 12 – 36 months

APR: 2.99% – 15.99%

Best Egg

Credit Score: Poor

Term: 36 – 60 months

APR: 5.99% – 29.99%

Freedom Plus

Credit Score: Fair

Term: 24 – 60 months

APR: 4.99% – 29.9%

Lending Club

Credit Score: Poor

Term: 36 – 60 months

APR: 5.99% – 35.89%

Discover

Credit Score: Poor

Term: 24 – 84 months

APR: 6.99% – 24.99%

Upstart

Credit Score: Poor

Term: 36 – 60 months

APR: 6.24% – 29.99%

Avant

Credit Score: Poor

Term: 24 – 60 months

APR: 9.95% – 35.95%

Contacting CompareFirst

CompareFirst does not play an active role in the lending process apart from matching loan applicants with online lenders.

After searching the sites for contact methods the only available method that we found to touch base with CompareFirst would be through the contact submission form featured on their Contact page.

Consumers who may be experiencing problems with their loans are advised to reach out to their lender directly to resolve any pending issues.

Popularity

CompareFirst is a relatively popular loan matching network that reflects a global rank of 543,994 with a United States rank of 113,362.

Last month the site supported over 60,000 visitors and approximately 84.32% of all incoming traffic derived from US based sources.

According to a WHOIS report, CompareFirst.co was a privately registered domain that was created on February 9th, 2017.

Is CompareFirst a Scam?

CompareFirst does not appear to be a scam.

They reflect a positive presence amongst the web community and work with lenders that have good track records.

CompareFirst.co Review Conclusion

CompareFirst.co is a reputable online loan matching network.

Working with top-rated online lenders, if you are consumer who is seeking to acquire a loan quickly then you may benefit from the services offered by CompareFirst.

Whether it be to consolidate debt, pay off old bills or to reduce monthly costs, if you reside within the United States then CompareFirst may be the loan matching network you’ve been searching for.

CompareFirsts’ lenders APRs are more reasonable and fair than online payday loan outlets while all of their lenders are transparent regarding their loan rates, fees and conditions.

Repayment periods can be drawn out to a period up to 84 months while the loan application process takes only a few minutes to complete.

We invite you to share any feedback, experiences or opinions you may have in a comment below!