Smooth procedure will recommend to all my family and friends.
LendingPoint is an Atlanta-based online direct loan provider established in 2014. The company has an A rating with the BBB. LendingPoint offers fast personal loans at reasonable rates to consumers with fair Credit (FICO score range of 600-680). Borrowers can put funds toward any personal use they want, such as debt consolidation, home improvements, purchases or a vacation.
LendingPoint uses a proprietary scoring and underwriting model that allows them to offer lower rates to Fair Credit consumers. All applications are done online once documentation is complete, the company offers next business day funding, with deposits made the day after approval. Borrowers are assigned a dedicated point person who assists them with any questions or problems with their loan. Funds are transferred directly to customers' bank accounts and payments can be made either monthly or bi-monthly with the option of setting free automatic payments or paying by certified check.
Rates vary depending on applicants' credit history, income and state of residence. Rates start at 15.49% APR and have a maximum of 34.99% APR.
LendingPoint offers loans ranging from $3,500 to $20,000 with loan terms of 24 to 48 months.
LendingPoint currently operates in Alabama, California, Delaware, Georgia, Michigan, Missouri, Montana, New Jersey, New Mexico, Ohio, Oregon, South Dakota, Texas, Utah, and Washington.
LendingPoint's application is fast, easy and online or over the phone. The minimum credit score to qualify for a loan with LendingPoint is 600. The company requires a soft credit pull during the application process, which won’t affect a borrower’s credit score. LendingPoint is able to look beyond a borrower’s FICO score, making connections between traditional and nontraditional data, to determine creditworthiness. Applicants will need to provide their personal details, income, employer, place of residence, and the purpose for which they are using the funds.
LendingPoint’s holds intellectual patents for unique data modeling and credit scoring. For borrowers, that means the company’s loan approval process doesn't only rely on people's FICO credit score to determine creditworthiness. This allows LendingPoing to approve borrowers who would not qualify for loans with traditional lenders. Its rates are low compared to alternative lenders in an underserved marketplace and provides access to loans to help borrowers who are building their financial lives. Unlike many personal loan companies, LendingPoint is a direct lender not a marketplace or a marketing company dedicated to generating leads for other lenders. This gives LendingPoint more flexibility and allows for faster approvals and fund transfers.
Smooth procedure will recommend to all my family and friends.
The person who assisted me gave me great customer service. I got the money as soon as one business day. My overall experience was great, my only negative point is that they gave me a very high interest probably because they realized I need the funds(26%). I really didn't think that was fair.
Open communication and quick turn around time! I applied and received a response the same day! Thanks Crystal!
Absolutely Fantastic! Very polite, Very confident they could help with my financial situation, which they did promptly.
I had no problems with the process. It was easy and completed the same day. Fast and friendly, very good experience.
I couldn't have asked for it to go any more smoothly than this loan process did. The gentleman that helped me was very nice and answered any questions I had very easily. I was applied, approved, and funded within 2 days. The interest rate is reasonable for a personal loan, and I was given different options for payment terms, so I could choose what was best for me. I have no complaints, I'm completely satisfied with this company and service thus far.
Anisa was great and the process went smoothly. The only downside is the interest rates but since it was a necessity, it had to be overlooked.
Excellent. Helpful lending agent, great customer service - quick and easy. Great customer service.
Fast, friendly service! Money was deposited directly into my bank account within 3 days!
Lendingpoint was fast efficient and very helpful. We had a very good experience.
By far the easiest lending company I have ever dealt with. Smooth process and great customer service. Anisa you rock..
You guys are number one in my book! I needed money for an urgent bathroom remodel . We moved into this house in Oct. 2015 and the bath is not handicapped friendly. I have Multiple Sclerosis and am at risk for frequent falls. I cannot get my leg up over the bathtub side. So, I am converting tub to shower. Your rep. Ashley was friendly and helpful. The whole process was quick and clean. Thank you so much. Ronald E. McClung
Great customer service, no hidden messages regarding pre-approval. Easy loan processing and ongoing communication through the entire process. If you're looking for a loan I highly recommend Lending Point.
I applied for a loan with a credit score of 660 and was denied. Nerdwallet and other credit sites claim that Lending Point only requires a 600 fico minimum. My annual income is $40k, all credit cards are paid to up to date, I have major medical bills that went into collections that I am working on paying. Just paid off a 5yr car loan and my transmission needed a rebuild, I just spent all my money doing home repairs and now my transmission decided to take a dump, I ... needed the money for the repairs, about 4k roughly. I am dissappointed at Lendingpoint for not approving me, instead I had to go with another loan provider that is really getting me with really high interest. I'll pay this loan off in no time to get rid of the high interest rate in the long run. Lendingpoint could've had my service and made money off me, instead I am paying their competitors. More Less
nice nice good in ezcellent hopethat well be stay ever in ever good good very very very good
Great service and the process went effortless without having to drive to an office and pick up a paper check. The funds was approved and deposited into my account next business day as they said. The only downfall is the interest rate a bit high but based on my credit I was lucky to get approved for what I asked for when others denied me or offered a lower amount.I expect to pay back sooner to avoid paying most of the interest.
Thank you for such an amazing experience, the transaction went smooth, I was excited about that. I would rate you all a 5 star
Quick process. Very pleased. Look forward to doing business in the future.
5 stars for speed of response to pre- approval and completion/funds available. Pre- approval was deal delivered. Efficient, no hassle or haggling, and professional interactions. I hope it is the same if I have any needs in the future.
Great experience. The entire process was very simple and quick.
Easy application and prompt response. Money available quickly and great customer service. Thank you Lending Point
Fast friendly service. Help full representive. Did what they promised
Best !! Really professional services , very pleased with loan Hope to do business in the future
Excellent service! My wife and I needed a loan to consolidate a little debt to a single payment and Lending Point was fast with great customer service. Kim Gardner handled our loan and kept us up to speed on the progress. If you don't have a top tier credit score and need a loan that will also improve your credit, Lending point is definitely recommended.
Chad - Michigan
Fast. Super fast, actually. Spoke with one person for 10 minutes. Very friendly, well trained. Great experience.
First I was lead to believe that I was talking to another lending person I lost on this deal to be exzact 452.00 dollars It was very hard to get this loan payed off I had it no more than 2 weeks iwill never recommend to no one they shoud have paid me back the charge they charged me thanks
Thanks so much, you guys were awesome in handling my loan. We see how things go from here. I,m not sure of payments arrangements. I need clarity on that . Five stars so far
Everything went great! They make it simple and easy! I can't believe how easy the process was.
Great loan approval process. They could have been a little better in communicating when things were going well but that's ok. Overall so far so good.
The mom process was extremely quick & easy! Blake was very helpful! Will definitely use again!
Very good interest rate below other lenders. Costumer service won my 5 stars
They say you approved ... But not so much as another word ... Poor customer service to say the least
This company is a JOKE. I got approved quickly and easily, however, they do not disclose all information up front required by law, they do not respond back to emails or phone calls when asking for a manager. They still have yet to apply my additional payment it has been over a week now. RIDICULOUS. I will be getting my attorney involved and filing official complaints to the BBB and DOJ.
Paying off my loan was a nightmare.I was given incorrect payoff amounts,and different amounts than quoted were taken out of my account. The staff was ugly and laughed at me on the phone, they took out the payoff amount and the next months payment out of my account and told me that there was nothing that they could do.
I got my money that was easy and kinda of fast. What my problem is its very hard to make additional payments and get information about your loan. They always say there going to call back and THEY DO NOT I had to call them back many times. The IVR say press 3 to make a payment only for them to tell me they don't do that. Yes customer service is very nice answering the phone but they are very limited with what they can do for you. It ... has now be 50 days and my payment of 4500.00 still has not been accounted for.. WTF after this I would not use them ever again. I wish the starts had a - 3 starts on here More Less
I applied for a loan and was pre-approved online for $4200.00. I received a message saying they just needed the income verification papers. I didn't hear back from them for 5 days after submitting my papers, and finally after another inquiring in an email, I got a denial letter stating I have had too many credit inquires in the last 12 months. So it was a very deceptive and disappointing experience for me.
Great customer service, an easy process given that is a loan and I had all my docs ready, so I had funds a couple of days after applying. So overall i'm happy.
Lending Point helped me get 5k in under 24hrs after my transmission broke down. Process was simple and they really helped me out. I will definitely go to Lending Point if any need arises. There offer was affordable and like I said was quick and easy.
I just got a loan from Lending Point last week. I wanted to consolidate some debt quick. Their affordability of their monthly payment has really put me in a great posistion. I now have one easy monthly payment and am now debt free on my past debts. Thanks Lending Point.
A-HOLES !!!!! Said I was approved, then kept requesting more and more paper work. Wanted a 1099 for my Social Security benefits. Their phone staff are not in the U.S. !!!!! Possible scammers????