Lendmark Financial Reviews
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About Lendmark Financial
Lendmark Financial Services is a financial services provider that helps people with less-than-optimal credit. The company offers personal loans, auto loans and debt consolidation. Lendmark finds the best loan for your situation, whether you need funds for medical care, a vacation, monthly bills, home renovations or another reason.
- Fixed payments and rates
- More than 500 local branches
- Pay online or using mobile app
- Only licensed in 24 states
- No published interest rates online
- Must visit an in-person branch to finalize your loan
Helpful Reviews
What services does Lendmark Financial offer?
Lendmark Financial Services offers the following financial solutions:
- Auto loans: Lendmark offers financing for new and used cars, boats and motorcycles.
- Debt consolidation: If you’re carrying high-interest debt with multiple creditors, Lendmark helps consolidate it into a single monthly payment.
- Secured and unsecured personal loans: Loans have fixed terms, rates and payments that vary based on your financial and credit profile.
The company offers some services online, but its local branches provide a full range.
How does Lendmark Financial work?
You can apply for loans from Lendmark Financial online or at a local branch. Once you provide personal information, Lendmark will review your application and make a decision. If you’re approved, you must visit a branch to sign the paperwork and receive your money.
Once you have your loan, you can make payments online, at any branch or using the company’s mobile app. Lendmark Financial accepts cash, personal or cashier's checks, money orders and debit cards.
Repayment terms range from a minimum of 12 months to a maximum of 72 months. The company allows prepayment on your loan, so you can pay more than the monthly minimum without penalty. Origination fees and late payment fees may apply.
Lendmark Financial interest rates
Lendmark Financial does not provide minimum or average interest rates on its website. However, it states that the maximum APR on new loans will not exceed 35.99%. APRs vary by state law, loan amount and your credit profile.
To get an idea of your interest rate, monthly payment and other information, fill out the form on the company's website or contact a company representative directly. Note that minimum loan amounts range from $2,000 to $3,000, depending on your state, and any loan over $8,000 requires collateral.
FAQ
Does Lendmark check credit?
Yes, Lendmark checks credit. It also reports monthly to Equifax, Experian and TransUnion.
Is it easy to get a loan through Lendmark?
Customers with lower credit may find it easier to get a loan through Lendmark than through other lenders. Customers can fill out an online application, but must visit a local branch to sign documents and receive money if approved. Lendmark will evaluate your credit history, income, debt, collateral (if applicable) and prior loan experience before approving your application.
Who owns Lendmark Financial Services?
First Liberty Bank initially owned Lendmark. First Liberty and its subsidiaries were acquired by Branch Banking & Trust Company in 2000. In 2013, BB&T sold Lendmark to a private equity firm, the Blackstone Group, in New York.
How do I pay my Lendmark bill online?
Lendmark allows customers to pay online. Payment can be made through the company’s website after you log in or through the mobile app.
How much can you borrow from Lendmark?
Minimum loan sizes range from $2,000 to $3,000, depending on location. The maximum unsecured loan available is $8,000. Customers can receive higher loans, but Lendmark requires collateral for loans of that amount.
Can Lendmark garnish wages?
Lendmark may be able to garnish wages. This will only be the case if it wins a lawsuit against you and gets a court order. The amount varies based on your state laws.
Still have questions?
Is Lendmark Financial legit?
While the company offers fixed rates and terms, Lendmark Financial’s lack of transparency about the financial terms of its loans makes it difficult for customers to know whether it is right for them. Before deciding whether to pursue a loan with Lendmark Financial, contact a branch and speak with a representative to better understand what Lendmark Financial can offer you.
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Lendmark Financial Company Information
- Company Name:
- Lendmark Financial
- Year Founded:
- 1996
- Address:
- 2118 Usher St.
- City:
- Covington
- State/Province:
- GA
- Postal Code:
- 30014
- Country:
- United States
- Website:
- www.lendmarkfinancial.com







