FAQs
Below, you’ll find answers to some of the FAQs on Signature Loans we often get.
Do you hold my post-dated check, or take pre-authorized debits?
No. Not at all! Desert Rock Capital is a true consumer lender that does not “hold any check” or take pre-authorized debits from your account. Customers make voluntary payments towards their loan account.
What if I have Bad Credit?
At Desert Rock Capital, we specialize in loans to individuals with all types of credit, including bad credit, no credit, or even past bankruptcies. Unlike traditional banks, we don’t expect a perfect credit profile. However, certain financial issues, such as tax liens, wage garnishments, or if you are currently in an open bankruptcy may result in a denial. We aim to make the loan process as streamlined as possible, understanding that credit can be affected by circumstances beyond your control.
Does Desert Rock Capital Run a Credit Report?
No, we don’t run a credit report. We believe in offering financial services to people regardless of their credit history. Our focus is on providing signature loans to individuals with bad credit, no credit, or past bankruptcies. This makes it easier for you to access the funds you need without the stress of a credit score check.
How Long Does it Take to Get a Loan?
When you apply for a loan with Desert Rock Capital, the time it generally takes from application submission to decision is 20 minutes. We pride ourselves on our speed and efficiency, making it quick and easy for you to get the money you need! Unlike traditional lenders, we don’t drag out the decision process—get the funds you need as fast as possible!
What Should I Bring with Me to Apply?
To ensure a smooth and quick loan application process, you’ll need to bring the following documents with you:
- Current Proof Of Income (such as 2 most recent pay stubs, Awards Letter, Retirement Statement, etc.)
- Current ID proof (Such as State-Issued Drivers License, State-issued Identification, US Passport, etc.)
- Social Security Card
- Current Proof of Residence (within the last 30 days)
How Are the Payments Set Up?
Our signature loans are structured with fully amortized bi-weekly payments. This allows you to make payments in equal fixed installments which are discussed and fully disclosed at the time of the contract. With no prepayment penalties or balloon payments, you can repay your loan early, which will save interest.
Does My Credit Line Ever Increase?
As you continue to develop a positive payment history with Desert Rock Capital, you are welcome to apply for an increase in your credit line. We work with all types of customers who are able to access additional funds due to their positive history with us.
What if I Don’t Have a Checking Account?
No checking account? No problem! Desert Rock Capital does not require you to have a bank account to process your loan. We understand that not everyone has access to traditional banking, and we strive to make our signature loan process accessible to all individuals, regardless of their banking situation.
How Do I Apply?
Applying for a signature loan with Desert Rock Capital is simple and can be done in several ways:
- Online: Visit our website and fill out the easy application form.
- By Phone: Call us at (801) 377-3333 TODAY for assistance and application support.
- In-Person: Visit one of our conveniently located branches in Salt Lake City, Orem, or St. George.