Last Updated: 04/18/2025
SuperMoney User Recommendation Score -62
Strongly not recommended24 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$200 - $2,500
APR (Variable APR)
206.73% - 425.45%(Verified 06/21/2024)
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Number of Reviews
MobiLoans Line of Credit Review
MobiLoans Line of Credit is offered through MobiLoans LLC, a direct lender founded in 2011 and based in Marksville, LA. MobiLoans are available in 30 states.
What APRs does MobiLoans Line of Credit offer?
MobiLoans Line of Credit offers a variable APR that ranges from 206.73% APR up to 425.45% APR.
Does MobiLoans Line of Credit charge an origination fee?
No, MobiLoans Line of Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does MobiLoans Line of Credit charge a cash advance fee?
Yes, there is a cash advance fee .Does MobiLoans Line of Credit charge a late fee?
Yes, there may be a late payment fee .| Cash Advance Fee | N/A |
| Origination Fee | N/A |
| Prepayment Fee? | No |
| Late Payment Fee | N/A |
How much can you borrow ?
Upon approval and based on your credit worthiness, you will receive a personal line of credit of at least $200 and as much as $2,500. .
What do you need to qualify for MobiLoans Line of Credit?
MobiLoans Line of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by MobiLoans Line of Credit.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
What is the estimated funding time?
MobiLoans Line of Credit will typically fund personal lines of credit within 3 business day s of approval.Does MobiLoans Line of Credit report your account activity to credit bureaus?
Yes, MobiLoans Line of Credit reports to the following credit bureau:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does MobiLoans LLC perform a hard credit pull?
Yes, MobiLoans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for MobiLoans Line of Credit
- Visit their website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -62, or 1.8 on a 5-point rating scale.
-62
-1000+100
No one recommends
Everyone recommends
MobiLoans Line of Credit Community Reviews
Would you recommend MobiLoans Line of Credit to your friends?
AT
Arwen T.
Sep 12, 2023
May or may not recommend
These people are crooks and thieves. They accused me of taking out a loan I never took out. Harassed me daily for months. I had to get a lawyer to sue the credit bureau, since they and Mobiloans are in cahoots and refused to remove the lie they made up about a loan. I had proof from the bank they claimed to have made a deposit to. The account had ...Show More
RF
Randall F.
May 17, 2023
May or may not recommend
Im waiting for a answer and then I will get to the review
U
Anonymous
Nov 16, 2021
May or may not recommend
They are literally awful. They report inaccurately to the credit bureaus, they don't answer calls, don't answer emails, and continue charging you money even after you have paid them what you owe. RUN FAR AWAY
U
Anonymous
Mar 23, 2020
May or may not recommend
I have had an account with them for about 2 years and always paid on time. Because of covid19, they decided to reduce my credit limit from 2500 to 1900. Terrible. Truly they don’t care about people, just their bottom line. You’d think if you had a good payment history, they’d actually offer you a little bit of an increase but not them. I am ...Show More
Snowbirds A.
Mar 22, 2020
May or may not recommend
Paid off line of credit on time, each payment and within 3 months paid off in full.
Today, due to "COVID concerns" they decreased my limit to $200. There was a $0 balance and never a late payment so it wasn't due to anything I have done, or not done.
That decrease will impact my score simply because it will look like a creditor took adverse action against me.
All ...Show More
K N.
Dec 27, 2019
May or may not recommend
Worst loan experience ever! Will never do business with again. Called to pay off my loan four days early and the young lady that took the recorded payoff didn't process it correctly so because of their mistake charged me another week of fees. Customer service is awful.
WE
Wanda E.
Sep 15, 2019
May or may not recommend
This is my frist time i dont have yalls crited card
U
Anonymous
Sep 9, 2019
May or may not recommend
I don't recommend. This company approve lines of credit without verifying anything. I have recently been a victim of identity theft. It's sad that these companies just give these loans out without verifying employment or identity.
SS
Steven S.
Aug 26, 2019
May or may not recommend
Every $155 payment only $10 goes towards loan balance. For a $1,500 loan be prepared to pay back $6,000 total! There are $4,500 worth of fees attached to a $1,500 loan. If this company wasn't ran from an indian reservation this would be completely illegal.
Jack M.
Aug 19, 2019
May or may not recommend
I don't recommend any one to get any loans from this people, they are bunch of mafia . I borrow $1,500. 00 from them the they want me to pay $5000.00. They bad stay away from them.
MB
Myron B.
Aug 7, 2019
May or may not recommend
Horrible experience with the application process it was a horrible hassle!!
Daniel E.
Jul 11, 2019
May or may not recommend
The customer service is non-existent. When the representative called me back she was one-sided. Only wanted to threaten me and when I asked for a solution.. she pretty much hung up on me. I have sent 3 more emails to them asking for support but they have gone unanswered
U
Anonymous
Jun 6, 2019
May or may not recommend
I love Mobiloans! They have been awesome to me! Thanks Mobiloans!.
SC
Sherrie C.
May 3, 2019
May or may not recommend
This is not a loan I would recommend my loan is for 900 dollar i'm pay almost 800% on this loan that should have been paid off by now . this loan has put me in a bin . And it seem like it will never get paid off. and when it do i will be paying almost 1500 dollar more the then loan was worth. I will never used ...Show More
Tara H.
Apr 27, 2019
May or may not recommend
Please, please don't go with mobiloans, unless you want a Payday loan. The fixed finance charges make it so that only half (or less) of your payment even goes toward paying off the loan. In addition, if you ever have to switch bank accounts, you have to jump through hoops to do so. They will not accept a new routing number over the phone. You must print out and fax ...Show More
U
Anonymous
Apr 3, 2019
May or may not recommend
Balance never goes down. My husband took out a loan for his friend without letting me know and he paid every time he got paid and balance never went down. He defaulted thanks to his mistake and his “friend” who convinced him to take loan out without consulting with his wife.
PP
Pinay P.
Mar 5, 2019
May or may not recommend
I don’t know why so many great reviews on the other rating site. BEWARE!!! This company love taking your money. Fees feees. Your balance never go down. Borrowed $900....paid in about $800 in 3 months. Called to pay off my balance $860!! Never again will I borrow from them.
CC
Carmen C.
Jan 16, 2019
May or may not recommend
Lets see how you treat me regarding my loan options.
U
Anonymous
Jan 11, 2019
May or may not recommend
BEWARE! THEY WILL OPEN UP ACCOUNTS FOR PEOPLE COMMITING FRAUD AS THEY DONT VERIFY ANY INFORMATION AND JUST FUND LOANS. THEY DONT VERIFY BANKING INFO, IDENTITY...NOTHING! THEY WILL FUND A FRAUDULENT LOAN AND MAKE YOU FILL OUT FORMS FROM FTC WEBSITE AND FILE A POLICE REPORT BEFORE EVEN HELPING YOU. IF THESE IDIOTS HAD A VERIFICATION PROCESS THIS WOULDN'T HAPPEN AT ALL. WHAT MAKES IT MORE SAD IS THIS IS ...Show More
DH
Dana H.
Sep 28, 2018
May or may not recommend
I applied and received my loan within minutes. I have not used the full line of credit they allowed me, so therefore I have some left to receive for when I need it. Thank you Mobiloans.
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