How does GetYourPersonalLoan make money? is “lender agnostic.” Sure, we get paid a commission by lenders when you get your loan. Ultimately, however, we believe the health of this site is dependent upon its reputation which is dependent upon our relationship with you. The bottom line is that we are going to recommend a loan, no matter what, and we are going to recommend the lender and loan that best suits your needs—quickly funded, and at a great rate. If we don’t come through for you, we don’t make any money.  It’s that simple. 


Worries about sharing your SSN?

GetYourPersonalLoan is a highly secure, encrypted platform. All communication between us and our partner-lenders is protected by “best in class” security measures. Once we submit your SSN to our partner-lenders, it is deleted from our servers completely. We do not retain a copy of your SSN in any of our active or backup databases.


Who gets personal loans?

According to BankRate data, about 24 million Americans are likely to take out a personal loan in the next 12 months. Rates and loan size are largely determined by your credit history and credit score.


How is a personal loan different from a credit card?

Personal loans are a fabulous alternative to credit cards. The rates are typically much lower if you think you may need the money for more than 30 days. Otherwise, in most cases. they can be quite similar—both are unsecured debt, contingent upon your credit status. 


Why would I want a personal loan?

You can use a personal loan for just about anything. The two most common use-cases are refinancing existing debt at a lower rate and making a purchase when you don’t have enough cash.

Say you have a home improvement project, but don’t have the $10k required for the bedroom and bath combination.  Once you finalize the loan application and it is approved, the funds are transferred to your account automatically, usually within a day or so. Now flush with cash, you upgrade your house and start living in style. Then, you start making monthly payments for the length of the agreed-upon term.


Does using impact my credit score?

No! Using will not impact your credit score.

It is important to understand the difference between a “hard credit pull” and a “soft credit pull.” A soft pull is enacted by a lender to view your credit file to determine the type of loan they might be willing to offer you. This saves you from having to find and submit all of the information that sits in your credit file. A soft credit pull is not recorded on your credit file, and therefore does not impact your credit score. Soft pulls enable us to shop around for lending products without damaging your credit.

A hard credit pull, however, does impact your credit score. Lenders perform a hard pull when you actually apply for credit. That’s when you are affirmatively saying to the lender that you wish to apply for a specific loan with specific terms. When you submit the application, the lender pings the credit bureau(s), indicating that you are applying for a loan. The credit bureau(s) send back your credit file, noting that you have just submitted an application for credit.

Please note that if you like any of the loan options provided by and wish to move forward, the lender of choice will eventually have to enact a hard pull of your credit. But this will not happen until you agree and accept the loan offer.