FAQ'S
FREQUENTLY ASKED QUESTIONS
Parra Loan Co. welcomes your questions – in fact, we encourage them!
We have assembled the questions we have been asked most-often and separated them in several categories. If you cannot find the answer to your questions, please contact your local Parra Loan Co. office or use the link below to submit your question.
Loan Application & Closing Process
Parra Loan Company offers signature loans up to $1,800, depending on your qualifications and repayment history with us.
We specialize in signature installment loans—no collateral required.
Please bring the following:
- Valid photo ID
- Social Security card
- Proof of income (such as your two most recent pay stubs or bank statement)
- Proof of residence (such as a utility bill)
- 5 personal references
Acceptable proof of income includes pay stubs, bank statements, benefit award letters, or other documents showing regular income.
Currently, payments are accepted online, in-person or by phone. Please call your local Parra Loan Company office for payment options.
Contact us as soon as possible. We’ll do our best to work with you to find a solution that fits your situation.
We review your entire financial picture, not just your credit score. We also offer second chance loans, so even if your credit isn’t perfect, you may still qualify.
In many cases, yes. If you’ve built a good payment history with us, you may be eligible for a credit limit increase for additional funds.
Yes, we perform a credit check as part of the approval process. However, we look at more than just your credit score.
Yes! Making your payments on time can help you build or improve your credit over time.
Yes, we report your payment history to major credit bureaus, which can positively impact your credit when you pay on time.
You can apply online, over the phone, or in person at any of our convenient locations.
Contact the credit bureau directly to dispute the error. If the issue involves your loan with us, contact your local Parra Loan Company office—we’re happy to help you address it.
Start fresh in 2026 with a loan from Parra Loan Company
If you are ready to take control of your finances, Parra Loan Company can help. We offer quick and easy loans starting at $100 and going up to $1,800. Use the money to clear past expenses, cover upcoming needs, or start a new plan with confidence.
Apply Online
We make it easy for customers to get the money they need and deserve. With an easy process and quick approval - apply today!
Fresh Start Loans up to $1,800
At Parra Loan Company, we offer loans from $100 to $1,800 to help you clean up old bills, tackle new expenses, or simply start fresh.
Refer a Friend Program
Already a Parra Loan customer? We love referrals! Referrals also mean extra cash in your pocket. Learn more here.
Proudly serving our community for over 50 years.
Since 1973, Parra Loan Company has been here to provide fast, simple, and reliable signature loans. As a local, bilingual team, we speak both English and Spanish, and we’re proud to serve the community we call home. Apply online, by phone, or in person at one of our many locations.