I keep seeing bad reviews pointing at the cost of the loan and that some were turned down. The cost is no surprise - all the information is right up front. People with bad credit normally don't have many options. The fact that you can actually lower the interest if you stay in good standing is more than any other "bad credit lenders" are doing for you. I needed the money, wanted to save some dignity and not go through a loan process with a "normal" lender and then get turned down in the end. I do agree with the reviews saying this is a great short term solution, but I realize that some will need then entire term to pay back. You actually pay towards the principal, albeit not much, with your first payment. So, in my opinion, I don't this there is a better option out there for those with bad credit trying to get back on track.
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Most Helpful Negative Review
This loan is easy to ge but BEWARE!!! If you are day late your entire next payment is added to the balance. It is not a daily fee or even late charge the entire payment is a waste unless you make on the due date. On top of that you can not make an early payment. You can pay down your loan, but you still have the same payment every due date regardless of how much you have paid that month. So if you made a payment for this month, and want to make your next payment early you can not. I tried to pay $1000, 2 payments plus pay down my loan. 5 days later I was getting calls that I was late on my payment even though I had just paid $1000.00. On top of that the customer service people are rude. They talk over you and refuse ot help you resolve problems. I borrowed $2500, after six months of paying $445 a month I owed $2997. So I got together the money to pay my bill off a day before my next payment was due. The customer service agent entered the wrong zip code twice and the payment wouldn't go through. They will only put a charge through on your card twice in one day, so I couldn't pay off the balance that day because of their error. The next day I owed another $445! This company is horrible!
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