LoanMe Reviews

I wanted a bill consolidation. The loan was very easy to get keep it in mind. I had very good credit, excellent, over 700 credit score, and wanted to pay off my bills and this loan was very easy to get, I borrowed 18,000 10 years ago. Now I owe 55,000. I don’t understand how this can be. I don’t consider myself dumb financially. I was just trying to pay off my debts and make one payment. This is the worst decision I have ever made. I have a great job. I’m not dumb. I have never heard of someone doing this to innocent customers who’s just trying to borrow money!

This company has the worst customer service. My loan got transferred from Loanme to servicing solutions and back to Loanme again in February. There has been accounting problems with them, which they have promised to call me back on three different occasions which they never did. They are complete fraud and the worst customer service That a company could have. They gave me an accurate information for the last six months and hit my credit after making payments for the last five years on time for no reason.

Made arrangements for weekly payments. They took payments for 5 weeks then stopped. Received a call from them stating I was behind in payments. Now want to charge me interest for their mistakes. Stay away from this company. Have a great day.

Please people, DO NOT get a loan thru LoanMe!! This was the worst financial decision I have EVER made. I needed a $2500 loan which I received in the snap of a finger. Two years later after paying $159.60 EVERY TWO WEEKS my balance was $2200. The APR is higher than Snoop Dogg on 4/20. To add, I did not miss a single payment. Guess how many times my on-time payments were reported to an accredited bureau? Not a single one!! It’s nice to get the money when you need it, it is not worth it in the end. You will you pay back whatever they lend you 100 fold. I highly recommend doing more research if you need a loan. Least they could do is send us some vaseline!!

I was told the loan was serviced by two other companies, that was false. All I wanted was a Monthly Billing Statement to pay off the loan. I was refused. Then I was emailed a computer generated "paper" with no address, no phone number and even the account number was no longer in the system. I do not know if LoanME still has the loan and without a Statement I refused to continue to pay. They stopped sending statements for some unknown reason. Then I requested a payment link, that was not functional. There is no longer a website to obtain the information. DO NOT USE THIS COMPANY. YOU MAY BE THROWING AWAY YOUR MONEY! After the due date, I never received a call or email requesting a payment. I think this company is not allowed to take or request payment. What creditor would refuse you a simple monthly billing statement???

Paid off loan on 6/1/2020, continue to get emails stating I have an outstanding balance and incurring late charges. Continued to debit my account. Cannot get any resolution from customer service. Sent several emails, no response. Sent copy of bank statement showing final payment and continuing debits from my account from this company. In process of filing complaint with Better Business Bureau and disputing debit transactions from my account. If I can find a legitimate address that will receive summons will take legal action.

I have been trying to reaching their customer care representatives but I am not able to reach them and I am really worried even after paying the loan money... as I am still getting messages to repay my outstanding bill.

I was in a desperate situation and needed a loan. I have been struggling ever since to make ends meet, so my account is no longer current. I called, received one department, got disconnected as they tried transferring me. Called back, disconnected again. Called back, received another department who said they absolutely could not help me out, transferred me somewhere else. She apologized, was an actual decent human being, but was told there was absolutely no way they could help me reduce my monthly payments so I am left feeling worse than before and in a terrible situation.

This company scams people! It doesn't disclose the full particulars of their loans process, example, they Do Not say to you if you Borrow $2500 that it will cost you between $14000-$17000 to repay the loan if You're making monthly payments! Neither do they Disclose at the time of Obtaining the loan that only $1 of a nearly $300 a month payment goes towards the Principal loan, You're paying interest, Not Principle!! They do not disclose this information!! They also fast talk you, they talk so fast, and sometimes even Mumble when they are discussing the loans process with you! This company is unethical!, and should be exposed!! Also there's a Petition on Twitter against the very things I've outlined in this review! Please check out @ purpletrees562 on Twitter, and sign the petition! PLEASE!!!!

I regret the day I sign the contract with this loan company. Worst decision of my life. The interest rate is ridiculous. Told me this loan will be over in 2 yrs. I got this loan in 2019 and I’m still paying it off. It’s like the amount never lowers. It’s still at the $2000 mark and keep in mind I’ve been paying this off since 2019. I want to say a different company bought them because I got a letter that my account has change and I had to create a new account to be able to log in and be able to look at my loan agreement and when I log in there’s nothing there except statements that never change and the due date.

Do NOT! I repeat, do NOT do business with Loan Me. I'm paying an 82% interest rate on a $6,000.00 loan. By the time the loan is paid in full, I will have paid these sick people over $35,000.00! I blame myself for being so desperate, which is what they prey upon... people's desperation! And please, spare me the rehearsed and soulless response. You guys are pure trash!

Was on a payment arrangement from 9/11/19. Called every month and was told to pay "late Fees". Reiterated every call that there are no late fees on payment arrangement. Called to make last payment and was told that an additional 54$ in "legal Fees" were due. No legal fees of 427x2 was on the payment schedule I was given and agreed to. Says I was mistaken. "Late fees" were actually "legal fees" and that they were due or I was in breech of my agreement. I think this is extortion. Why wait to the last payment is due to try to get more money even after an agreement was made and paid on for 11 months! Unethical Business Practice.

They said loan terms was 38 months and ended up being 83 months. They said payoff would only be the principle of the loan, they charged me. They gave a payoff amount, which I paid and now say I still owe them. THIS IS A BUYER BEWARE SITUATION.

I was approved for the amount that I asked for and needed in a few minutes. I had time to think it over. I was moving, and I needed a start up loan. The payments are within my budget. I thank God, for LOANME, they were there when I needed them!!! If you need a loan, try LoanMe, you would be glad you DID!!!

This company may be good when it comes to approving your loan almost instantly, but it comes with a long-term headache. The California State Legislature passed the Fair Access to Credit Act, which halts lenders from charging over 36% APR. Nevertheless, this company will offer a re-finance of a loan but will not abide by California's law to lower the APR. Additionally, they give you $3,000, you pay almost a year and still have the same balance as it will not move. Whatever you do, as a consumer even if in need do not do business with this company until they abide by the Fair Access to Credit Act for current customers as well as this is more about Corporate social responsibility at this point.

This company wanted me to sign up for automatic draft payments but I explained for various reasons that I did not want to do that. I was told that was acceptable. Here is the problem; they cannot figure out what to do with your payment unless they receive it on the exact day they want it. My payment is due on the 15th. I pay on the 1st. They take the money from my bank, but hold it as a pending payment until you call them to apply it. And if you don't go through the hassle of calling them they consider you late and harass you as such. I just want my payment handled as the contract provides, but they will not stick to their own contract and I am tired of being hassled. I do not know what else to do but contact an attorney.

I was shopping for loans to pay off credit cards and this company somehow got my information. I told them that I was not interested in a high interest rate loan and to please stop calling me. Till this day they still call me. It takes an idiot to pay their fees and interest.

Received an offer letter for a loan from 2600 to 100,000 as low as 9.9% APR. Applied online, they offered me a 2600 loan at 47 monthly payments of $297. That totals OVER $13,000 for a $2,600 loan!!!! Do you take people for fools? That's about 3000% APR. BEYOND PREDATORY. STAY AWAY FROM THIS PLACE AT ALL COSTS!!! They will rip you off.

Do not use this company ever. I took out a 2600 loan with them. They will then give you 2525 and keep 75 for origination. I have paid them 1600 and as of to date I owe them 3300 on a 2525 loan after paying them 1600. This is ridiculous. This is a beyond predatory loan. If you cannot pay it all back within a month do not go to them. They never send bills or statements or anything. Do no use. Predatory!!!

Application, approval, money transfer all seamless. I have now been paying on this loan for 4 years and have only paid it down by $5500 at $340/mo with an extra $110/mo to be applied straight to principal. At least that is how it is supposed to work. If I plug my loan terms into an amortization calendar, it should be that as the loan amount goes down, more of my payment is applied towards principal and less toward interest. Add to that, the additional payment I am making every month, and my principal should be dropping much more quickly. When I look at their amortization schedule sometimes my principal is 50% of my payment and sometimes it's 30 or 40%. I don't understand it. When you call and ask for information they give you the run-around. I am stuck with this loan for now because I don't have any other options at the moment. As soon as humanly possible however, I will be paying this off. Caveat Emptor.