LoanMe Reviews

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 I have been struggling ever since to make ends meet, so my account is no longer current.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.