Lendmark Financial

Lendmark Financial

 4.1/5 (173 ratings)
  • 5 stars
  • 4 stars
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  • 1 stars

About Lendmark Financial

Lendmark Financial Services offers financial solutions such as debt consolidation, financing and secured or unsecured loans. The company has some services available online, but its local branches provide a full range of services. To find out more about Lendmark Financial’s loans, rates and terms, visit the company’s website.

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    Overall Satisfaction Rating

    • 5 stars
    • 4 stars
    • 3 stars
    • 2 stars
    • 1 stars

    Pros

    • Fixed payments and rates
    • More than 300 local branches
    • Pay online or using mobile app

    Cons

    • Must contact representative for terms
    • Lack of information on website

    Bottom Line

    Lendmark Financial Services offers personal loans, auto financing and debt consolidation. It advertises fixed rates and terms, but the website doesn’t provide details. Contact a branch for specific information.

    Top Lendmark Financial Reviews

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    Rated with 5 stars
    Verified

    We have been more than comfortable with the assistance of the Branch Manager, Sarah F ** and office staff in Santee. The unexpected financial crisis, we need money and they solved...

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    Rated with 5 stars
    Verified

    I am on my third loan with Lendmark… I was in and out within the hour with check in hand. I make my payments on time and pay extra most of the time… I would highly recommend them...

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    What is Lendmark?

    Lendmark Financial Services is a finance service 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 or home renovations.

    The company also helps with auto financing, whether the vehicle is new or used. If you’re carrying high interest debt with multiple creditors, Lendmark helps consolidate it into a single monthly payment. Loans have fixed terms, rates and payments that vary based on your financial and credit profile.

    How does Lendmark Financial work?

    You can apply for loans from Lendmark Financial online. If you’re approved, you must go to a branch to sign 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. The company allows prepayment on your loan, so you can pay more than the monthly minimum.

    Lendmark interest rates

    Lendmark Financial does not provide interest rates on the website. To get an idea of your interest rate, monthly payment and other information, fill out the form on its website or contact a company representative directly. Lendmark’s loan amounts range from $500 to $25,000, though any loan of more than $8,000 requires collateral.

    Lendmark Financial Services 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?

    Lendmark advertises a simple process to apply for a loan. Customers fill out an online form and must visit their local branch to sign documents and receive money if approved.

    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 or the mobile app.

    How much can you borrow from Lendmark?

    Minimum loan sizes vary 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.

    Is Lendmark Financial legit?

    While the company offers fixed rates and terms, Lendmark Financial’s lack of transparency regarding the financial terms of its loans makes it difficult for customers to know if this company is right for them. Before deciding whether you want to pursue a loan with Lendmark Financial, make sure you contact a branch and discuss your needs with a representative directly to better understand what Lendmark Financial can offer you.

    Lendmark Financial Reviews

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    How do I know I can trust these reviews about Lendmark Financial?
    How do I know I can trust these reviews about Lendmark Financial?
    • 4,151,098 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.

    For more information about reviews on ConsumerAffairs.com please visit our FAQ.

    Page 1 Reviews 0 - 10
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Aug. 6, 2022

    Cannot fully express our utter regret with choosing Lendmark Financial as our loan company. First off, we wanted an auto loan, and that would have protected us from some usury and extremely high interest. The way Lendmark gets around this is by giving a loan which we used towards a vehicle. Have a fair credit score and still got a 26.48% Annual Percentage Rate. Have made our payments on time and after almost six months of payments we have a payoff amount higher than what we bought our vehicle for. So, $124.70 has come off of our principal, the rest is towards interest. We will be upside down in this loan in no time, REGRET. STOP USURY!

    11 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: May 24, 2022

    Had to give my car back and they auctioned it off and I had to pay what was left over. However though they are claiming to have sold my car $100 and now owe my entire car payment still...without the car. They also have yet to send me all the information on the auction which is making me believe that they are playing me.

    17 people found this review helpful

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      Rated with 1 star
      Verified Reviewer
      Original review: May 17, 2022

      Lendmark is a predatory lender at best. I have paid on this loan for over 6 years the amount has not gone down. I have asked for all checks, that have issued in my name fearing there is fraud on my account, and just as I suspected they only provide checks totaling less than $5,000. How have I have been paying for a loan over 6 years and the total is more than what I borrowed. I informed them that I would not make another payment until they provided evidence that I borrowed more than $5,000. To date this has not been provided. They closed and open my loan, without applying any previous payments. Please stay far way from this predator!

      20 people found this review helpful
      Rated with 5 stars
      Verified Reviewer
      Original review: May 10, 2022

      The Lendmark Financial branch on Hope Valley Road in Durham is amazing. Donovan and Maria are topnotch. Not only was I able to get the personal loan I needed on the same day, the process is quick and easy and their customer service is the best. I would recommend them without hesitation.

      3 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: March 2, 2022

      Consumer beware! If they had a zero rating…This company takes total advantage of people in need, all with a smile all their faces as if they really want to help you. Super high interest rates, hard-sell ‘add-on’ loan insurance products that they tack onto the principal balance (though they sell them as a small monthly amount) for the total amount to be paid for the life of the loan, then charge interest on that too! You’re better off using a credit card because you’ll NEVER get a loan from them paid off. Read the fine print…Unbelievable rip-off!

      29 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: July 29, 2021

      Don’t believe the emails sent saying you can increase your limit. You can’t. You have to wait so much time even tho emails are going out saying you can get more. Liars. They say it’s a glitch in the system even tho it coming from the branch manager.

      28 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: June 25, 2021

      Got a loan for a car. Was on time every month for 7 months. Decided to pay off the loan 6400$. Went back a month later to get another loan and was denied. The only reason they get 1 star is bc there isn't an option for 0 stars. I've had loans with 10 banks over the years. By far this is the worse place.

      44 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: June 10, 2021

      ZERO STARS!!! ZEEEEROOOOO!!!! Orlando FL branch....Don't recall the lady that convinced me initially to "refinance" my loan at a lower rate for a shorter time period. I stupidly believed her convincing nothing would change in the payments and it would help me pay back the loan sooner, and signed without being more cautious knowing they already screwed my account up several times in the past. After many months of trying to get help to log on to the website/my account (they entered incorrect info for me so I can't even reset my password for over a year now), I finally today obtained a copy of my credit report showing I was refinanced with an extra year added at the same payment rate!!!!

      My interest rate was to be lowered significantly and payment the same, or very near the same, to pay off sooner. But, they did the opposite. Now I'm stuck with it!!!! My loan should be extremely close to paid off, if not already paid off. I had to make the man covering for lady that suckered me (name I'm not allowed to post but he's Spanish and name starts with "L") redo my paperwork numerous times while I was in their office signing new paperwork. I obviously still missed something in only reviewing the corrected page(s) rather than entire document again when it was reprinted.

      Same dude emailed my bosses email address after I spelled and said my correct email to him, emphasizing MANY times that it must go to said address only and be sure that the last word is in the email address and spelled correctly. Well, nope....my boss ripped me a new ** the next morning because he received my documents that would supposedly yet again "help me" (**-it was to defer for 3 months, adding to end of loan with interest). This guy pays no attention to anything he says/does or you do/say! I can't even believe the number of times I had to spell and say my email address and he still didn't write it completely down and almost got me fired!!! I'm so ready to never pay them again and let it demolish my credit for a while because of their incompetence and trickery.

      24 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Jan. 7, 2021

      Lendmark lied to me telling me that they would refinance my loan and it wouldn't destroy my credit but they did refinance the loan and wiped out all previous payment history that was good and on time, dropped my credit score 37 points, and when I called to ask what happened, and why did they not tell me of this effect on my credit, they hung up on me. Avoid these sharks at all costs, they are predatory lenders indeed.

      42 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Sept. 25, 2020

      Easy to get a loan, and qualified for more than other companies, but I should have known it was too good to be true. They gladly say there's 10 day grace period on payments, but call to harass you every day, and threaten garnishment. No heart for death in family, or hard times. Rude management. Be aware interest is added DAILY, and you pay it first.. They don't tell you upfront that if you pay in your grace period, your extra interest (fine?) can take your entire payment leaving you further behind. No heart at all. Predatory lender, would not recommend to an enemy.

      59 people found this review helpful

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        Lendmark Financial Company Information

        Company Name:
        Lendmark Financial
        Year Founded:
        1996
        Address:
        2118 Usher Street
        City:
        Covington
        State/Province:
        GA
        Postal Code:
        30014
        Country:
        United States
        Website:
        www.lendmarkfinancial.com