Mariner Finance is a company that lends to people with bad credit scores or who have trouble getting accepted elsewhere. Because the company was founded with the intent to help people who are struggling to find a personal loan, they are an excellent choice for those with bad credit scores or other issues with their credit history standing in the way of securing a personal loan. There’s a good chance you will qualify for a personal loan at Mariner Finance, even if you’ve been denied everywhere else.

Who is Mariner Finance Best For?

Mariner Finance is ideal for borrowers who have low credit scores and credit histories that are at least five years long. They accept borrowers with credit scores as low as 580. The average income of a borrower at Mariner Finance is $35,000-$45,000. You must also have access to a Mariner Finance branch since it’s required you meet with a loan officer in person to prove your identity and income. They have branches in the following 18 states:

  • New York
  • Virginia
  • Alabama
  • Kentucky
  • Missouri
  • Texas
  • Tennessee
  • North Carolina
  • Florida
  • Louisiana
  • Delaware
  • Illinois
  • Indiana
  • Maryland
  • New Jersey
  • Ohio
  • Wisconsin
  • Pennsylvania

Each Loan is Looked at by a Loan Officer Before Accepted or Declined

Mariner Finance doesn’t use computer algorithms to determine whether to accept or decline a loan request. A loan officer looks at each application and considers the individual’s financial situation, circumstances, and history before making a decision. This allows people who have fallen into tough times to explain their situation, rather than be rejected by an algorithm based on numbers.

They Allow Co-Signers

Mariner Finance allows borrowers to have co-signers on their loans. This is beneficial for receiving a lower interest rate on the loan. It can be hard to find a co-signer because if you miss a payment, their credit score will suffer as well as yours. The co-signer will also have to undergo a hard credit check at Mariner Finance.

The Downside of Mariner Finance

One of the downsides of Mariner Finance is annual percentage rates start at 24%, which is fairly high. It’s higher than many other online lenders that serve poor-credit clients. Their APR can reach as high as 36%.

Another downside of Mariner Finance is they only conduct hard credit checks, which can deduct points from your credit score. It’s a good idea to apply for other lenders that don’t do hard credit checks first.

Borrowers must also secure loans that exceed $10,000. This means you have to use an asset, such as your car, as collateral.

Statistics of Mariner Finance’s Borrowers

40% of Mariner Finance’s borrowers take the loans out to cover everyday expenses. Under 10% of borrowers use the loan for debt consolidation. And nearly 30% obtain personal loans for vacations.


Mariner Finance is a good lender for people with bad credit scores in search of personal loans. However, they are more of a last resort company to go to because their interest rates are high and they conduct hard credit checks. Despite those downsides, Mariner Finance has a personal touch to the loan obtaining process, which can make it worth it to borrowers. Actual people review each loan application, instead of letting a computer algorithm accept or reject.