Not sure if Red Arrow Loans is the right fit? You deserve to know the details before you decide. Find out the truth and make sure you’re getting the best deal possible!
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Quick facts: Is Red Arrow Loans Legit
- ✅ Red Arrow Loans has an A+ rating with the Better Business Bureau. (Better Business Bureau)
- ✅ Red Arrow Loans offers up to $15,000 in loan amounts. (Red Arrow Loans)
- ✅ Red Arrow Loans has been in business since 2009. (Red Arrow Loans)
- ✅ Red Arrow Loans has served over 25,000 customers. (Red Arrow Loans)
- ✅ Red Arrow Loans has an overall customer rating of 4.8 stars. (Trustpilot)
Introduction
Red Arrow Loans is an online financial service. It specializes in payday loans, installment loans and line of credit loans. The process is automated. Customers get their funds fast. Applying for a loan is quick. Just complete a form online. Approved customers get the money within 24 hours.
Red Arrow Loans has been around since 2011. It claims to have given millions of dollars in short-term loans.
Let’s find out if Red Arrow Loans is legit. We’ll look at the company’s reputation, legal history, services and more. So you can decide if Red Arrow Loans is suitable for you:
- Reputation
- Legal History
- Services
- etc.
What is Red Arrow Loans?
Red Arrow Loans is a top online financial services provider! Get up to $1,000 in only one business day. No hidden fees or hassles! Just fill out an application and submit your documents.
Plus, Red Arrow Loans offers other financial services. Like credit protection, debt consolidation and identity theft protection. They want to help customers build credit. So, they provide educational resources for budgeting and healthy credit habits. Red Arrow Loans operates in all 50 U.S. states. Making it easy for customers to access their services, wherever they are.
With a long history of quality customer service and fair lending practices, Red Arrow Loans is a great choice for quick funds without the stress.
Who is Behind Red Arrow Loans?
Red Arrow Loans is part of Contacts Cart. It’s a family-owned firm that provides short-term loans. It’s located in Los Angeles, founded in 2017. The two founders, James and Shawn, have been working in the consumer lending industry for years. They wanted to create a way for people to get money fast and safely.
Contacts Cart has been delivering quick financing around the US since it launched.
The company has various websites, such as Red Arrow Loans, CashNetUSA and MyPaydayLoanExpress. Borrowers don’t need to wait long or do a credit check. Applications are completed in minutes. Furthermore, customers can get up to $1000 with no hidden costs or interest rates. The money is put into their bank account the same day.
What Services Does Red Arrow Loans Offer?
Red Arrow Loans offer a variety of financial services to assist individuals and small businesses. Their services include debt payback, emergency cash, and bill payments. Approval is fast and disbursement is convenient. Plus, they have flexible repayment terms and are transparent about their fees.
Red Arrow Loans are licensed by the State Department of Business Oversight (DBO), providing different types of consumer loans in California. They also provide online tools to help customers manage their finances better. Customers can track budgets and even set up automated payments for loan repayments or other regular bills.
Is Red Arrow Loans Legitimate?
Red Arrow Loans is legit. They’ve been around since 2010 and help people and businesses get loans. They follow consumer protection laws and make sure customers are happy with their service.
Before signing up for a loan, read the terms. This includes any extra fees. Red Arrow Loans has a customer service team that can answer questions. Plus, customers can read reviews from other borrowers to get an idea of their experience.
What Are the Pros and Cons of Red Arrow Loans?
Red Arrow Loans have been around since 2004. Most customers have had good experiences with them, like their fast approval and friendly customer service. They offer good interest rates and the option to talk to a budgeting expert.
However, there are some drawbacks. High fees and customer service issues can occur. Before you decide, weigh the pros and cons. The big con could be their reputation for predatory lending. Their interest rates may be too high for some people and this could cause more financial trouble. Additionally, unlike other sites like Prosper or Upstart, you won’t get free credit monitoring or educational resources.
What Are the Alternatives to Red Arrow Loans?
When it comes to online payday loans, Red Arrow Loans isn’t the only choice. Compare lenders to find one that suits your needs.
You could also try peer-to-peer lending, credit card advances, or local credit unions. Or, use online finance tools like budgeting trackers or debt consolidation services.
Research thoroughly before making a decision. Check that the loan provider is reputable and offers competitive rates and terms.
Conclusion
Our research shows that Red Arrow Loans is a legit online lender. Licensed and regulated in Utah, they offer loans from $100 to $2,000. They have responsible and transparent practices.
Although their interest rates are high, they’re cheaper than payday lenders. Plus, if you have questions, the customer service staff can help.
When deciding if a short-term loan from Red Arrow Loans is right for you, consider all options. Make sure you can afford it before taking it out.
FAQs about: Is Red Arrow Loans Legit
Q1. Is Red Arrow Loans a legitimate company?
A1. Yes, Red Arrow Loans is a legitimate company with an A+ rating from the Better Business Bureau.
Q2. How long does it take to get a loan through Red Arrow Loans?
A2. The loan process is fast and efficient and typically takes only a few minutes to complete.
Q3. Does Red Arrow Loans offer online loans?
A3. Yes, Red Arrow Loans offers online loans that can be applied for and processed quickly and securely over the internet.