At CometLoans.com, we want to make it as easy and hassle-free as possible for you to get the cash you need by tomorrow. If you cannot find the answer you are looking for in the FAQs below, contact us at 888-552-6638 or via email at Support@CometLoans.com and we’ll be happy to assist you.
What is an Installment Loan?
An Installment Loan is a loan that is repaid according to a fixed payment schedule. This means you pay a certain amount weekly, biweekly, or semi-monthly, depending on your loan. Each loan repayment you make includes a payment towards applicable principal, interest, and fees. After a certain number of payments, principal (the original amount you borrowed) is reduced little by little. Comet Loans’ Installment Loans give you the flexibility to pay over time instead of paying back everything that’s owed at once. In addition, the loan can be paid back at any time without ANY prepayment penalty.
What are the qualifications to be eligible for a loan online?
To get approved you will need:
- A job or other regular source of income
- A valid bank account in good standing (prior derogatory actions on your account may not disqualify you)
- A valid email address and phone number
- You must be least 21 years old
- You must reside in a state in which we offer loans
How much can I borrow?
If this is your first time getting a loan through CometLoans.com, you can qualify to receive up to $1,500. Returning customers that remain in good standing and after certain successful payments can qualify for up to $5,000. See Rates for additional information.
What happens if I have bad credit?
CometLoans.com understands that you may have had credit troubles in the past. Our loans are meant to service a wide-range of borrowers regardless of past problems with credit. Our goal is to help borrowers get the money they need, especially when others lenders won’t. We are here for you.
How long will the process take?
The application process is fast and easy and is generally completed during one phone call after you submit a completed application. There is usually no need to fax any documents or meet with a lending agent in person. The fast cash application is completed entirely online. One of our customer service representatives will help you complete the loan process on the phone prior to funding the loan which will include verification of your information.
Why do you need my bank account information?
We need your bank account information to be able to give you your loan. When you are approved and close a CometLoans.com Installment Loan, we send your money to you directly. It will usually be deposited into your bank account in as little as 24 hours from the time of your approval.
How will I know when my application is approved?
One of our Loan Managers will contact you and/or you will receive an email notification to complete the application process. If you are denied with us, you will receive a notification.
How quickly will I get my money?
If your application is approved and verified, we can electronically deposit your loan proceeds into your account in as little as one day. The time may vary depending on your bank’s transfer policies.
How much does my loan cost?
Please see our Rates page.
What is the range of APRs available on Comet Loans?
The current APR range for Comet Loans is 615%-859%.
How do I make payments on my loan?
Payments are typically automatically deducted electronically from the same bank account where your loan was deposited. No hassle, no stamps… we try to make repaying your loans as convenient as possible. If you prefer not to use an electronic method, other you may pay by cashier’s check or money order by mailing payment to Comet Loans, Tonto Apache Reservation #30 Payson, AZ 85541. Checks and money orders must be received by us no later than the scheduled due date. Please contact us at 888-552-6638 to speak with a customer service representative with questions about loan repayment.
What if I can’t make my payment on the due date?
It is your responsibility to make your best effort to provide loan repayments by the expected due dates. However, the good news is we make it easy for you to avoid penalties if you see you are going to have a problem making a payment. If you are unable to make your scheduled payment, please Contact Us at least two (2) business days prior to the date your payment is due. Our customer service representatives are here to help you get back on track, so please call.
Please note, you can schedule automatic electronic payments from your checking account. If you do make a late payment, skip a payment, or a payment is returned to us, you may incur additional fees.
Is this site secure? How will you protect my personal information?