How a request becomes an offer.
A step-by-step account of what happens after you start, and where Newton Simon’s part ends.
Step I · Amount and reason
Choose an amount from $300 to $3,500 and a reason for borrowing. The reason helps lenders reply with a suitable product.
Step II · Details and consent
We ask for your name, contact details, date of birth, income, pay schedule and bank information. Before anything is shared, you read our Terms of Service, Consent to Credit Inquiry and Electronic Records Consent, and you decide whether to agree.
Step III · Offers
Participating lenders that may be able to help respond with offers showing the APR, amount, term, monthly payment and total of payments. Some requests receive no offers.
Step IV · Your decision
If an offer suits you, you continue with that lender, which verifies your information, may check your credit and provides its loan agreement. If none suits you, you stop. There is no obligation.
Who handles what
Newton Simon
Collects your request, presents offers, and shares your request with participating lenders after you consent. Free to you.
The lender
Decides on approval, sets APR, fees and terms, runs credit checks, signs the agreement, funds the loan and collects payments.
What lenders typically require
- U.S. residency and age 18 or older (19 in Alabama and Nebraska, 21 in Mississippi)
- Regular, verifiable income
- An active checking account in your name
- A working phone number and email address