Finance

Viva Finance

Viva Finance, VIVA’s loan programs are tailored to the needs of individual employees, and the company offers a range of benefits for companies looking to provide their staff with financial well-being. Employees can apply for a salary-linked loan to help them handle unexpected expenses, while the company’s financial education resources allow them to grow savings and build credit. The loan program is flexible enough to work with a company’s existing benefits package, and the company can provide the benefit to its employees in any state.

Vivaloan is a loan with a repayment term of up to 60 months

Vivaloan helps match you with lenders that offer the best loan terms for your particular situation. You can browse through the terms and conditions of the loan before applying, and lenders can also review your credit report. Vivaloan offers loans for various purposes, such as home improvements, car repairs, and medical bills. You can even borrow the full amount for a single day.

To use the Vivaloan platform, you must be at least 18 years old and have a stable source of income. The maximum loan amount varies by state and lender match, but generally, borrowers can borrow between $100 and $15,000 depending on their financial circumstances. It’s important to note, however, that not everyone qualifies for this high loan amount. However, Vivaloan offers a low-interest loan option for those who don’t qualify for the maximum amount.

Because Vivaloan is a network of lenders, you can apply for a loan despite having bad credit or no credit at all. While it’s important to consider your financial situation before applying for a loan, Vivaloan will make the process easier and more convenient than ever. The repayment term on Vivaloan is flexible, up to 60 months, and you can apply for as much as $15,000. As long as you can afford the repayment terms, you’ll be happy with your loan.

Vivaloan is a loan

It’s not a bank or a lender

VIVA Finance is not a bank or a lender but rather a fintech platform that matches prospective lenders to borrowers. The platform evaluates factors such as credit score to find the best rate. It advises applicants to apply only when they need the loan and can afford to repay it. This way, more people can get the loans they need and improve their credit. There are some important things to consider before signing up for a VIVA account.

Unlike traditional banks, VIVA provides loans to individuals with thin credit histories. VIVA loans are designed for individuals with a poor credit score and are often used to consolidate expensive debt. While VIVA loans do not require a credit score, they allow borrowers to build their credit score through timely repayment. VIVA loans service automatically through payroll and provide borrowers with a built-in budgeting mechanism. They also offer access to financial education resources, with the goal of affecting a lasting change in the borrowers’ financial health.

It’s backed by Acumen Fund

Viva Finance, a startup backed by the Acumen Fund, recently closed a $2.3 million seed round. The company has raised $3.5 million to date and plans to use the money to increase its partnerships and expand its footprint in the Southeast. The company underwrites loans based on credit scores and employment data to give underserved consumers the flexibility they need to finance significant life expenses.

The fund’s support has allowed VIVA Finance to scale through a combination of employee referrals and employer partnerships. The company was founded by two finance professionals who started their careers in the finance sector before making the move to entrepreneurship. The team focused their efforts on building the company full-time when they launched it in May. They began with a partnership with Clayton County Public Schools, but received calls from other school districts shortly thereafter.

Acumen Fund

It’s not available in all states

Founded less than three years ago, VIVA Finance has already made tremendous progress in scaling the company and creating more access to traditional lending models. Despite not being available in all states, Viva Finance has raised more than $35 million in unsecured loans and boasts more than 600 five-star Google reviews. In addition to its success with millennials, the company is also looking to expand nationwide and serve a wider demographic.

VIVA is expanding access to affordable credit for individuals with thin credit history. Because many people with a lack of credit score struggle to get a loan, they often use predatory financial products to get a loan. This type of lending creates vicious debt traps for borrowers and affects their credit score. Luckily, VIVA is changing that by offering low-cost loans for people with low credit scores and a strong employment history.

It requires personal identifying information to perform a credit pull

If you are considering applying for a mortgage or credit card, you should know that Viva finance collects personal identifying information from you. This includes a bank account number, housing details, contact details, job and salary information, and physical location. Viva may also check your credit history and physical location. By providing this information, you consent to VIVA using this information for any purpose.

Vivaloan Application

It offers installment loans up to $10,000

If you’ve been wondering if installment loans are right for you, consider VIVA Finance’s unsecured personal installment loans. The company powers a mobile-first lending platform that provides loans based on your credit history, employment information, and more. Its mission is to create an inclusive financial system by providing credit to people of all backgrounds. The loans from VIVA Finance can help you handle a variety of life events, including unexpected expenses.

Vivaloan is easy to apply for. Once you complete the application form, the company matches you with lenders that can give you the money you need. Before applying, be sure to carefully review the loan terms. Vivaloan doesn’t disclose the range of APRs offered by its lending partners, and you may find the interest rates high. However, if you need a loan, Vivaloan is an excellent option.

The application process is quick and easy. Applicants only need to fill out a brief online application form. After selecting the loan amount, period, and terms, they are ready to go. The money is disbursed within an hour. All qualifying Americans can qualify for a loan. Whether you have a bad credit history or a great credit score, Viva Finance can approve you for an installment loan. The lender will consider your monthly income and expenditure when approving your loan. We continue to produce content for you. You can search through the Google search engine. If you’re interested in related finance topics, you can check our recent article Unique Finance or you can find the relative posts right below.

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