Integra Credit

Integra Credit is an online personal installment lender that offers loans to consumers with poor credit histories as an alternative to payday loans. The company targets borrowers who need access to small or moderate amounts of credit quickly and who may not qualify for financing from banks or credit unions. Integra Credit operates in a select number of US states where its lending products are permitted under applicable state laws.

Integra Credit products are structured as installment loans with fixed monthly payments over a set term, rather than lump-sum payday loans. This structure can make repayment more manageable than a product due in full on your next payday. However, because Integra Credit serves higher-risk borrowers, the annual percentage rates are significantly higher than those available from mainstream personal loan lenders. The total repayment cost over the full loan term can be considerable.

Before applying for an Integra Credit loan, calculate the total amount you will repay over the full term, including all interest and fees. Compare this against alternatives. Credit unions often offer small-dollar personal loans to members with limited or poor credit at much lower rates than high-cost installment lenders. Community Development Financial Institutions provide affordable lending to underserved consumers. Nonprofit emergency assistance funds may also be available in your area.

If you do borrow from Integra Credit, borrow only the minimum you need and repay as quickly as possible to minimize the total interest paid. Review all current terms including the full APR before accepting any loan. Check that Integra Credit is licensed to lend in your state before applying.