Frequently Asked Questions

To apply for a loan with Little Lake Lending, you must: be at least 18 years old, be a U.S. citizen or permanent resident, have an active checking account, have a regular source of income, and provide a valid email address and phone number. We consider all credit types, including those with bad credit or no credit history.

Yes, we perform a credit check as part of our application process. However, we consider applications from all credit backgrounds, including those with poor credit, no credit, or past financial difficulties. Your credit score is just one factor we consider when evaluating your application.

Yes! Self-employed individuals can apply for a loan. You'll need to provide documentation of your income, such as bank statements or tax returns. We understand that income may vary for self-employed individuals and take that into consideration during our review.

Our online application takes less than 10 minutes to complete. Most applicants receive a decision within minutes of submitting their application. The entire process, from application to funding, can be completed in as little as one business day.

You'll need to provide: proof of identity (driver's license or state ID), proof of income (recent pay stubs, bank statements, or tax returns), your Social Security number, and your bank account information for deposit. Having these ready will speed up the application process.

Once approved and you've signed your loan agreement, funds are deposited directly into your bank account via ACH transfer. Most customers receive their funds by the next business day. Some banks may take an additional day to process the deposit.

Our Annual Percentage Rates (APR) typically range from 36% to 600%, depending on factors such as loan amount, term length, and your individual financial profile. We provide clear disclosure of your exact rate, fees, and total repayment amount before you sign any agreement.

No, we don't charge any hidden fees. All fees, including origination fees and finance charges, are clearly disclosed in your loan agreement before you sign. We believe in complete transparency so you know exactly what you're agreeing to.

No! There is absolutely no prepayment penalty. You can pay off your loan early at any time without any additional fees or charges. In fact, paying early can save you money on interest.

We offer flexible repayment options to fit your budget. You can choose bi-weekly payments (every two weeks) or monthly payments. Payments are automatically debited from your bank account on your scheduled payment dates, making it easy to stay on track.

If you're having difficulty making a payment, please contact us immediately. We may be able to work with you on a payment arrangement. Communication is key – the sooner you reach out, the more options we may have available to help you.

Yes, in many cases we can adjust your payment date to better align with your pay schedule. Contact our customer service team to discuss your options. Changes are subject to approval and loan agreement terms.

Absolutely. We use industry-leading 256-bit SSL encryption to protect all data transmitted through our website. Your personal and financial information is stored securely and is never sold to third parties. We follow strict data protection protocols to keep your information safe.

Our initial application review may involve a soft credit inquiry that does not affect your credit score. If you're approved and accept a loan offer, a hard inquiry may be reported. Making timely payments on your loan can potentially help improve your credit over time.