Denied a loan?

Borrow with a friend or family member as your cosigner,
whatever your credit score.
We are currently only accepting applications from Georgia, Utah, and Wisconsin.

No credit or bad credit, it doesn't matter.
All you need is a suitable cosigner

We don't believe computerized credit scores tell us the whole story. So we asked the question: is there any other way to judge whether a person will pay back a loan? And then we introduced a new concept: trust. If you have someone who trusts you enough to cosign to guarantee your loan, we will lend you. Simple really.

The ‘good credit score’ interest rate loan you deserve

We don’t believe computerized credit scores tell us the whole story. So we asked the question: is there another way to judge whether a person will pay back a loan? And then we introduced a new concept: trust. If you have someone who trusts you enough to cosign to guarantee your loan, we will lend to you. Simple really.

Your cosigner must be:

  • At least 18 years old
  • A homeowner with a credit score of at least 600 OR a non-homeowner with a credit score of at least 700
  • Able to afford and make the loan repayments if you are unable to make them
  • Financially independent from you - e.g. doesn’t share a bank account or credit card

An ‘any credit’ loan

No credit or bad credit, it doesn’t matter. All you need is a suitable cosigner to guarantee your loan

No fees, ever.

Up front pricing that doesn’t inflate with hidden fees, taking the guesswork out of how much money you owe.

A personal approach

You’re more than just an online application. That’s why we rely on phone calls with you and your cosigner to make our decision.

What Can I Expect?

Our aim is to give everyone a second chance. Maybe you’ve made some mistakes in the past that have hurt your credit score or you simply don’t have any credit history at all. In fact, you probably found us after being declined for a loan somewhere else.

The good news is that almost anyone can be approved for a Transform Credit loan.

All that we require is that our borrower is

  • At least 18 years old
  • Not in the process of declaring bankruptcy
  • Able to afford the monthly repayments

There is no credit score minimum to apply. We’re able to lend to you when others can’t because our loans are based on trust. If your cosigner trusts you to make your repayments on time, then we can trust you, too.

As long as they meet our cosigner criteria, you could ask anyone to cosign your loan, whether that’s a family member, friend, work colleague, or neighbor.

Your cosigner must be:

1. At least 18 years old

2. A homeowner with a credit score of at least 600 OR a non-homeowner with a credit score of at least 700

3. Able to afford, and agree to make, the loan repayments if you are unable to make them yourself

4. Financially independent from you - e.g. does not share a bank account or credit card

Unlike banks, we base our lending decision on trust, not your credit score. If you have a qualified cosigner who can guarantee your loan, that’s a good sign to us that someone trusts you and that we should, too. Asking you to provide a cosigner means that you have access to the ‘good credit score’ interest rate loan you deserve. Without a cosigner, our loans wouldn’t be possible.

It is important that the cosigner fills out their application because we need the information provided on their application to be as accurate as possible. This is why we send the application directly to the cosigner. In fact, it is considered fraudulent for someone else to fill out the application on behalf of your cosigner.

The cosigner must use the link we send via text/email to complete their application by providing their social security number. They will then need to provide bank account and debit card details. Additionally, they will need to log into their online banking account to allow us to access their bank statements. We use this information to verify their identity and to protect them against fraud. We use a third party service to do this securely. Please click the link if you would like additional information on this service.
https://directid.theidco.com/resources/frequently-asked-questions

We also contact your cosigner by phone to confirm the details of the loan, tomake sure they understand that they are responsible for the loan repayments and agree to pay if you don’t.

Being a cosigner is actually pretty easy. For the most part, the cosigner shouldn’t need to do anything once your loan is paid out. A person should only become a cosigner on a loan if they trust you to make your repayments on time.

However, if you do miss a payment, we will attempt to collect from your secondary payment method. If this fails, we will collect the payment from the cosigner. This ensures that the account keeps running smoothly until you are able to resume making payments. Please remember that if you stop making payments, the cosigner becomes solely responsible for each repayment until the loan is completed. This is why our cosigner application process focuses on making sure that they understand their responsibilities and are willing and able to make payments on your behalf if something goes wrong.

We pay the money into the cosigner’s bank account to protect them from fraud and to make sure they are aware of the loan. Your cosigner can then transfer the money to you in whichever manner is most convenient for both of you.