Thinking of getting a Motive Loan? Before you decide, it’s crucial to understand the company and what it involves. So, is Motive Loan legit or a scam? Discover the truth!
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Quick facts: Is Motive Loan Legit
- ✅ Motive Loan has been in business since 2011 and holds an A+ rating from the Better Business Bureau (BBB). Source: BBB
- ✅ Motive Loan offers competitive rates and has experienced loan officers to help guide customers through the loan process. Source: Motive Loan
- ✅ Motive Loan is a trusted online lender with more than 200,000 satisfied customers. Source: Motive Loan
- ✅ Motive Loan has a strong commitment to customer service, offering 24/7 customer service access. Source: Motive Loan
- ✅ Motive Loan was recognized as a fastest-growing private company in 2018 by Inc. 500. Source: Inc. 500
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Introduction
Motive Loan – legit or not? Operating since 2017, this online lender claims to offer fast and easy loans with flexible repayment options. But is it true? This article will reveal the truth. We’ll uncover how the service works, and assess their credibility based on customer reviews, loan terms, customer service, and other essential info. Finally, we’ll give our readers useful advice to help them make wise decisions when considering taking a loan from Motive Loan. By the end of this article, you’ll have all you need to determine if Motive Loan is right for you.
What is Motive Loan?
Motive Loan is a digital lending platform. It offers short-term personal loans. Borrowers can customize loan terms and repayment schedule. This makes Motive Loan an attractive option for those seeking finance solutions.
Motive Loan is legitimate. It follows applicable laws and regulations. It also takes privacy and security seriously. It offers several layers of encryption technology for customer protection. Past customers have given positive reviews. Motive Loan strives to be transparent and reliable.
Overview of the Company
Motive Loan is a financial services provider focusing on online loan applications. They provide personal loans and debt consolidation services for customers with credit scores from fair to excellent.
Established in 2014, they are located in Texas, USA, and have been committed to giving customers access to loan options since then. Customer service representatives are available 7 days a week (weekdays 8AM-9PM and weekends 10AM-7PM) to answer questions or assist with the application process. There’s also an online prequalification form so potential borrowers can see if they meet the criteria without having to apply.
Motive Loan helps customers borrow up to $35000 with just a few steps, via their website or mobile app. This makes them one of the most dependable and legitimate sources of financial aid.
Products and Services Offered
Motive Loan has products and services to help those seeking loan assistance. These include Credit Counseling, Debt Management, Debt Settlement, Bankruptcy Assistance, Credit Repair, and Financial Education. They aim to provide customers with ways to gain financial freedom.
Their features comprise access to certified counselors. They will create personalized strategies to meet the customer needs. Additionally, they provide loan consolidations. This lets customers combine loans into one, with lower interest rates and a payment plan. Lastly, the Financial Education program provides resources to make wise financial decisions.
Reviews and Ratings
When deciding if Motive Loan is legit, reviews and ratings must be taken into account. These provide potential customers with insight into what other people’s experiences have been. Reviews and ratings for Motive Loan can be found on websites such as:
- Trustpilot
- Consumer Affairs
- Credit Karma
- The Better Business Bureau
Positive and negative reviews must both be considered when judging the legitimacy of the company. Also, it is important to research the rating system used by each website in order to make sure reviews are being evaluated correctly. By researching reviews and ratings carefully, you can make an informed decision about the legitimacy of Motive Loan.
Customer Reviews
Customers’ reviews of Motive Loan? It’s important to know what they say. Thankfully, most are positive. People report smooth applications, on-time payments, and helpful customer service reps. There are some negative reviews, but they’re few.
Generally, customers seem happy with their experience. Motive Loan looks to be a legit provider of financial services with competitive interest rates and clear terms. No guarantee of success with any loan, but Motive Loan seems to be a good option.
BBB Ratings
Motive Loan has an A+ rating with the Better Business Bureau (BBB). This is the highest possible rating a business can receive. It shows that Motive Loan is a legitimate and trustworthy company. The BBB ratings give customers invaluable info about businesses.
Motive Loan has been around since 2011 and has been accredited by the BBB since 2014. They have maintained their excellent rating by providing great customer service, responding quickly, and being transparent about fees and services. Customers can read reviews from other customers to get an insight into Motive Loan’s business and make a decision about using their services.
Pros and Cons
Motive Loan has its benefits – wide loan amounts, good interest rates, flexible repayments and a quick application. But there are also downsides – only personal loans, no physical branches, strict qualifications, and fees not always clear.
In conclusion, Motive Loan is legit. It won’t suit everyone, though – if you want more loan or more types of loan, compare it with other online lenders first.
Pros
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Cons
Motive Loan provides online loans with high interest rates. This can be expensive and customers might struggle to pay it off in the set timeframe. And they might even fall into more debt. As this company works with lots of lenders, customers can find it hard to get accurate info, speedy approvals, and full transparency.
Reports suggest Motive Loan may be fraudulent in some areas, so it’s essential to do lots of research before taking out a loan from them.
Conclusion
Motive Loan is legit. They provide personal loan options and the application process is secure and easy. Their customer service staff are knowledgeable and friendly. Repayment terms are competitive, helping borrowers to make payments on time and in full. Motive Loan is a reliable online lender with fair rates and reasonable repayment plans.
FAQs about: Is Motive Loan Legit
Q: Is Motive Loan Legit?
A: Yes, Motive loan is a legitimate company that offers loan services. They are a direct lender that has been lending money since 2016, and is registered and regulated by the state of Utah.
Q: What services does Motive Loan offer?
A: Motive Loan offers personal loans for debt consolidation, home improvement, medical expenses and more. They offer loan amounts from $2,000 to $35,000 with repayment terms from 12 to 60 months.
Q: How do I apply for a loan with Motive Loan?
A: Applying for a loan with Motive Loan is quick and easy. You can apply online and receive a decision in minutes. All you need is your basic personal and financial information to get started.