What kind of loans does Virtual Finance Technologies offer ?
As a technology company, Virtual Finance Technologies really does not offer any kind of loans or lines of credit. However, the lenders and finance companies we work with offer two kinds of financing. They offer Credit Cards and Unsecured Personal Loans.
What can the loan be used for ?
The short answer is ANYTHING! The kind of credit lines we secure are made based on your ability to qualify, not what you are purchasing. On the other hand, there are some programs specifically for Health Care Financing. That is why you will need to select if you will use the loan for Health Care or a Consumer purchase.
What is the interest rate ?
Your interest rate is dependent on your credit history and the type of loan you are offered. For example; The rate on Personal Loans ranges from 5.9% to 18% (in most cases). The rates on Credit Cards range from 7.9% - 27.9%. But most of the credit card offers include 0% start rates for a period of time (ie. 12 months).
Is there a fee to use the service :
Yes. Virtual Finance Technologies is a ?Pay Only For Performance? service. If you get approved for a credit line and decide you want to accept the offer, you will be charged a fee of $175 if your loan amount is $1999.99 or below. If your loan amount is $2000 or greater, the fee for using our technology is $375. In most cases this fee can be financed with your new line of credit. But no matter what, the fee is never owed and/or due until you have accepted a line of credit.
Do you have 0% starting rates ?
Yes! Most of the credit card programs offered through our technology do offer 0% starting rates. The terms and qualifying for such do vary with every offer. But if you are eligible for a 0% starting rate, it will be offered to you.