FAQ
How does Violet Advance earn its revenue?
Violet Advance's income comes from fees paid by our lending partners when borrowers we refer successfully secure a loan. We do not charge our users for using Violet Advance's services, and these fees do not influence the loan options you see or how they are presented on our platform.
What rates and terms can I qualify for?
To determine the rates and terms you're eligible for, you need to complete our brief prequalification form. This will show you immediately if you prequalify with any of our partner lenders. There is no obligation or risk involved, and you can easily compare prequalified rates in a secure and convenient way.
How does Violet Advance protect my personal information?
We use advanced encryption and transport layer security (TLS) protocols, similar to those employed by leading banks and financial institutions, to safeguard your data. Your personal information is never shared without your explicit consent.
What sets Violet Advance apart from other comparison sites?
Violet Advance offers a streamlined experience with its lending marketplace. By filling out a simple, two-minute form, you can quickly see prequalified rates from multiple lenders based on your credit history, without affecting your credit score. Unlike many comparison sites that provide generic information or require visiting multiple lender sites individually, Violet Advance provides personalized rates in one place. Additionally, unlike some sites that may pass your information to third parties for aggressive marketing, Violet Advance ensures your data is only shared with partner lenders as needed and with your permission.
What do I need for loan approval?
To be considered for a loan, you must:
- Be a legal resident of the USA and at least 18 years old.
- Provide accurate contact details.
- Be employed with a steady income.
- Have an active bank account.
Can I be approved for a loan with a poor credit score?
Several lenders within our network are open to approving loans for individuals with poor credit scores or limited credit history. While bad credit might influence the terms and amount of the loan offers, our network has successfully facilitated loans for many clients despite credit challenges, providing them with tailored options to meet their needs.
Is applying for a loan through Violet Advance secure?
When you submit your loan request through Violet Advance, we handle your data with top-notch encryption and industry-leading security measures to ensure your privacy and protection throughout the process.