Lendmark Financial

So I have had several loans with Lendmark and they were paid off. Refinanced another one with no issues and had ACH setup. Well I had gotten sick and had surgery for throat cancer. While in the hospital for almost 6 plus weeks my daughter was taking care of some things for me banking important bills etc. Well she had all ACH' stopped since she did not know what bills I actually had. Evidently when this happened my payments were missed and yet I was actually only 1 1/2 months behind since the ACH's were every 2 weeks. once feeling better and then going over bills - still in hospital and couldn't really talk- I realized this wasn't paid so I reached out via the website to make payment. Surprised locked out. sent messages on-site and not return calls or anything.

I am currently gathering people to file a class action lawsuit against Lendmark Financial! They are breaking the law! Lendmark Financial charged off my account as a loss and then are taking me to court for a inflated price, plus attorney fees once they have already received tax benefits for the charge-off! Yes, people that is against the law! Lendmark then is charging 23.99% interest on the charged-off account! They have been caught in so many lies, it's ridiculous! Once a account has been sent to collections or charged off Do Not Pay the INFLATED PRICE!!! This situation with Lendmark has caused me deep depression, stress and health issues (Severe Head Aches and heart racing).

Yikes! This place is absolutely horrible! I wouldn’t even consider them as a last resort. So, for starters, they DO explain what your rate is and how high the percentage is. The problem is, they explain it in a way that is pretty difficult to understand on paper. My loan advisor when through my terms waaay too quickly. To my fault, I was so happy to get the loan, that I ignored the fast talk. They just ramble off a bunch of numbers. They’ll tell you it’s a high interest-bearing loan, but they WON’T tell you how the interest is allocated. A lot of their customers are people who may not have the best credit and are in financial binds. Because of this, they sell you loan shark loans that take advantage of you. They do the “daily compound interest” loans. Because of this, you are getting charged interest DAILY in between your payments. They don’t just take the interest out of your payment once each month like credit unions and banks.

Utterly regret contacting them. Applied for a loan two days ago and never got a callback. I called yesterday and I was put on hold so I hung up and then I called back only to find out he was out of the office. At least inform me or call back. But that is ok.

They didn't have any problem with my income and get me in debt. I have paid them $3000 in one year on two loans. Now that I need a little help they claim I don't have enough income. I feel they are just out to take advantage of poor people like me. Sincerely, Leroy **.

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!

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.

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!

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.

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!