HOW IT WORKS

Part of the beauty of Backed’s patent-pending loan application process is its simplicity. Backed is not here to trap you into taking more money than you need or taking a loan that you will struggle to repay – on the contrary. Your success in receiving a loan at the best rate possible and repaying it on time is Backed’s aim, as it reflects the veracity of Backed’s model that was built to facilitate a sustainable credit process leading to financial freedom as early as possible.

TO PROMOTE BACKED’S LENDING PHILOSOPHY, THE APPLICATION PROCESS IS QUICK, SIMPLE, AND TRANSPARENT:

Fill in the pre-qualification form

Verify that you are you or sign in via your social networks. (Note that this is completely confidential and will not be used to determine whether we offer you credit). You will receive an offer from us based on the financial information you have provided and your credit score.

Add Backers and Vouchers to reduce your APR

Vouchers are friends/family/contacts willing to vouch for your trustworthiness. They will help us mitigate fraud and verify your identity and personal info . Backers could be anyone willing to effectively guarantee covering your loan repayment in case you miss any payments.

Backed Loan rates are 45% cheaper than the average Credit Card rates!

So what's so special about Backers?

Contrary to traditional co-signers, who are typically informed after a loan has defaulted (accumulating fees and penalties, and damaging a borrower’s credit score), a Backer is informed of any payment shortfall prior to default, in a 15 day grace period, in which your credit score will not be affected, enabling them to assist before accumulating late fees, and most importantly, before any damage occurs to your credit score.

Start building your financial independence today

PREQUALIFY NOW

It will not affect your credit score