b4iwascrzy

3 Contributions 159 People Helped

Member Since: October 2011

Most Helpful Contribution

Best Egg

Nov 23, 2016
Honest company - fully discloses fees.
Helpful to 158 out of 175 people

Just know that as I mentioned responding to another's review, if you don't wisely use this loan to wipe out some higher interest loans or credit cards, then it will be like you are drowning and you step into cement shoes; if you wisely use this loan to actually pay off higher interest credit cards, then it's as if they just threw you a much needed floatation device (use it until you've paid it off, and by paying off your accounts, your credit will quickly rise; along the way, of course you have to PAY them BACK, that's the deal, period). However, you can't blame Best Egg for that. Best Egg seems to be a very honest company, and they fully disclose the % that they are offering you a loan for, the amount the loan is costing you via a fee they charge for the loan AND the functional total % you will be paying after you add in the fee. Before you sign up for the loan (and I hestiated nice and long before finally opting for this loan, I'm a commitment phobe, so I had to get over the 3 year commitment, because it would have taken me longer than that to pay off my less than ideal Credit Cards and credi tlines that are 21% - 29% interest while still using a few the few great cards, such as AMEX that are 14% (I love me my AMEX).

Activity (3 Total Contributions)

Best Egg

Nov 23, 2016
Honest company - fully discloses fees.
Helpful to 158 out of 175 people

Just know that as I mentioned responding to another's review, if you don't wisely use this loan to wipe out some higher interest loans or credit cards, then it will be like you are drowning and you step into cement shoes; if you wisely use this loan to actually pay off higher interest credit cards, then it's as if they just threw you a much needed floatation device (use it until you've paid it off, and by paying off your accounts, your credit will quickly rise; along the way, of course you have to PAY them BACK, that's the deal, period). However, you can't blame Best Egg for that. Best Egg seems to be a very honest company, and they fully disclose the % that they are offering you a loan for, the amount the loan is costing you via a fee they charge for the loan AND the functional total % you will be paying after you add in the fee. Before you sign up for the loan (and I hestiated nice and long before finally opting for this loan, I'm a commitment phobe, so I had to get over the 3 year commitment, because it would have taken me longer than that to pay off my less than ideal Credit Cards and credi tlines that are 21% - 29% interest while still using a few the few great cards, such as AMEX that are 14% (I love me my AMEX).

Best Egg

Nov 23, 2016
Helpful to 1 out of 1 people

Really surprised everyone is stating they were unaware of the finance charge fee. They state the rate %, and then the computed % when you get the loan ADDING IN the service fee. They stated no less than 3 TIMES that I needed to be aware that the service fee would come off the TOP and the precise amount that my loan would be. It could not have been made more clear - or more obvious what cost was involved in the loan. Pull up a loan calculator, I checked their sums, and for the loan period (3 years in my case) and you will see that they are giving you full disclosure. NICE to get an old IRS loan off my back - and some of my higher credit cards. Of course, you must then avoid the temptation to run them up again, or else getting a loan for over 10K at a solid percentage rate will be like putting cement shoes on when you are drowning but that is not the fault of Best Egg. To me, they ate functioning as a life preserver. I just got accepted yesterday, and I'm waiting (albeit a bit impatiently) for the funds to show at my bank so I can start calling and paying off debts! Now THAT will be FUN! Thank you Best Egg - I'm hoping to have you paid off a year under the estimate, so a loan for 24 months - not too bad at all. :)

how long do hard inquiries stay on your report

Feb 06, 2015

This is STILL the case in 2015 -- remember, although Credit Karma is a "free" site (meaning it survives by advertising) one of the favorite site PUSHES is for Lexington Law, so they can "fix" your credit (I've read that they have really FIXED some people's in a negative fashion, btw). At any rate, I'd be interested in hearing that ANYONE's Credit Chameleon (I mean Karma) credit score for any of the magical three bureaus is LOWER than the ACTUAL credit report - Anyone? Do I hear an echo in the empty room of responders? hHHHEELLLLOOOOO......?