Frequently Asked Questions

"Re-Establish My Credit" or "Establishing Credit"

Whether you have "bruised or bad" credit or have yet to establish a credit history on your own, all our loans are entered into the credit bureau, each month. As you continue to make timely payments, your credit history builds or re-builds. It's that easy!

Frequently Asked Questions About Installment Loans

"Re-Establish My Credit" or "Establishing Credit"

Whether you have "bruised or bad" credit or have yet to establish a credit history on your own, all our loans are entered into the credit bureau each month. As you continue to make timely payments, your credit history builds or re-builds. It's that easy!

Careers

Are you looking for a new career? Opportunities await you with the leading small loan company in the Midwest!
COMPLETE AN ONLINE APPLICATION and await a call from one of our career specialists.

Lending Services

We offer a traditional installment loan.

All our loans generally have between 6 - 20 affordable monthly payments.

Our loans are fully amortized. What does that mean? Each installment will reduce both principal and interest.

The payments will fit within your budget.

All terms of the loan will be fully disclosed to you before you sign or commit to anything.

We DO NOT Believe in or Use Interest-only payments or products. Those products are designed to KEEP you in debt.

As you make your timely, monthly payments you will build equity in your account. Why is this important? If you have an emergency or need money quickly, you may borrow against that equity without changing your payment or your monthly budget! Payday and title loans can't offer that!
A Man Thinking About Traditional Installment Loan — Florissant, MO — Ardmore Finance Corporation

Lending Services

We offer a traditional installment loan.

All our loans generally have between 6 - 20 affordable monthly payments.

Our loans are fully amortized. What does that mean? Each monthly installment will reduce both principal and interest.

The payments will fit within your budget. All terms of the loan will be fully disclosed to you before you sign or commit to anything.

We DO NOT believe in or use Interest-only payments or products. Those products are designed to KEEP you in debt.

As you make your timely, monthly payments you will build equity in your account. Why is this important? If you have an emergency or need money quickly, you may borrow against that equity without changing your payment or your monthly budget! Payday and title loans can't offer that!
A Man Thinking About Traditional Installment Loan — Florissant, MO — Ardmore Finance Corporation

Questions

HOW DO I APPLY FOR A LOAN?

You can fill out your application online, over the phone, or at your local branch. Once approved you will need to go into the branch to complete your loan.

WHAT WILL I NEED TO GET A LOAN?

We look at a number of factors including your stability, ability to pay, willingness to pay, and your recent credit history. In addition, you will need to provide a valid state ID, proof of income, proof of address, and three to five references. A checking account is not required to secure your loan.

WHAT IF I HAVE BRUISED OR BAD CREDIT, OR HAVE INITIATED BANKRUPTCY?

If you’ve initiated bankruptcy, will cannot help you until your bankruptcy has discharged



Credit is just one of the factors we look at when deciding how much money you can borrow. Blemishes on your credit such as repossessions, unpaid medical bills, or unpaid student loans will not necessarily prevent us from lending you money.

WILL YOU PULL MY CREDIT REPORT?

Yes, pulling your credit report is a part of our evaluation process, however, we do not use your credit score as a part of this process.

WHEN WILL I KNOW HOW MUCH I CAN BORROW?

Depending on the time of day you apply, you should hear back within 30 minutes. If you apply at the end of the day or over the weekend, it will likely be the next business day.

HOW DO I MAKE MY PAYMENTS?

You can pay your monthly installment over the phone with a debit card* or in your branch with cash, check, money order, or debit card. You may also mail a check or money order to your branch. If you choose to pay via mail, please allow time for your payment to arrive before your due date.



*PLEASE NOTE: There is a convenience fee (varies by state) to pay by debit card over the phone. There is no fee to pay by debit card in person.

CAN I PAY MY LOAN OFF EARLY?

Absolutely! There is no penalty for paying your loan off early. In fact, you may even save money on interest by doing so.

DO INSTALLMENT LOANS HELP MY CREDIT?

If you have a good payment history, an installment loan may improve your credit and might open the door to borrowing larger amounts. However, not maintaining a good payment history could reflect negatively on your credit and limit your ability to borrow.

WILL YOU REPORT MY CREDIT?

Yes, we report to a credit reporting service at the end of every month.

HOW ARE INSTALLMENT LOANS DIFFERENT FROM PAYDAY LOANS?

Payday loans typically have one BIG payment or interest-only payments and are not budget-friendly. Installment loans have smaller, equal monthly payments that pay down both principle and interest.

WHAT IF I ONLY NEED A SMALL AMOUNT OF MONEY?

While we do not offer payday loans, we do have small loans that are competitively priced and will not break your budget.
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