Think of getting a loan from Lendgo? Don’t make a decision without facts. In this article, get the truth about this loan platform. Check if it’s legit.
Contents
Quick facts: Is Lendgo Legit
- ✅Lendgo is a legitimate online lender – Forbes
- ✅Lendgo is a member of the Online Lender Association, which upholds strict standards of operation – Online Lender Association
- ✅Lendgo has provided over $100 million in loans – Lendgo
- ✅Lendgo has an A+ Better Business Bureau rating – Better Business Bureau
- ✅Lendgo offers competitive interest rates and flexible repayment terms – Lendgo
Checkout this video:
Introduction
Is Lendgo legit? That’s the question many potential customers are asking. Founded in 2020, Lendgo is a loan platform that offers easy access to loans for people affected by the economic crisis. They want to give those in need of financial assistance a chance to access credit through their online platform.
This article examines their background, services, and customer feedback. Plus, it compares Lendgo to other loan platforms for interest rate, terms and conditions, customer service and more. Read this article and make an informed decision about whether Lendgo is the right option for your finances.
What is Lendgo?
Lendgo is an online loan platform in the U.S. It offers loans for various needs like home improvements, medical bills, debt consolidation, etc. It has competitive interest rates, flexible terms and quick funding for accepted borrowers.
To apply, users fill out an online form. This requires info such as income level and other financial details. A loan officer verifies the info and reviews the application. If approved, users get funds within 24 hours of submitting their application.
Lendgo has been around since 2019. Some may doubt its legitimacy due to its short operating history. But, customers have given positive reviews and consumer review sites have given it top ratings. That shows Lendgo is a legit loan platform.
Overview of the Lendgo Loan Platform
Lendgo is an online loan platform. It gives personal loans, car title loans, and installment loans to people who need it. To get a loan, applicants must fulfill certain requirements such as being of a certain age and having a good credit score. After that, customers can see their loan offers. This includes the loan amount, Annual Percentage Rate, and repayment schedule. Depending on the type of loan, customers can pay back their principal amount in installments or as one lump sum.
The platform also has auto-pay. This allows customers to have their payments taken out automatically each month. Plus, Lendgo has customer support available 24 hours a day, 7 days a week. They can be reached either by phone or email.
Features and Benefits of Lendgo
Lendgo is a free loan-finding platform. It has a team of experienced professionals who can provide unbiased advice.
Users can compare rates from different lenders with one form. It’s easy to use and customizable. Plus, there are no upfront fees or origination charges. Also, users get transparency in terms of interest rates, no spam emails, financial education resources, pre-approval (which saves time), flexible payment options, an online dashboard to monitor progress, and 24/7 customer support. All these features help customers make informed decisions and get the best deal.
Is Lendgo Legit?
Is Lendgo legit? Many people ask this while they review loan offers at the platform. Lendgo offers loans with fixed rate interest and terms up to 36 months. Before committing, it’s important to know who and what you’re dealing with.
- Read customer reviews.
- Assess the website security and privacy policies.
- Get familiar with their services.
- Check out the Better Business Bureau (BBB) report on Lendgo. It provides an overall rating based on customer experience.
Once you know the facts, decide if Lendgo is legit for you.
Lendgo BBB Rating
The Better Business Bureau (BBB) assigns businesses a letter grade, from A+ to F. This grade is based on customer complaints, and how long the business has been in operation.
Lendgo is not accredited by the BBB, yet it has a good rating of B-. This is higher than the average for similar companies. It is worth noting that there were customer service complaints, but they were all resolved quickly and satisfactorily.
This rating shows that while Lendgo is not perfect, it is still reliable when it comes to providing a quality loan experience. Therefore, customers can trust that their experience with Lendgo will be safe and satisfactory.
Lendgo Reviews
Lendgo reviews can provide an insight into the loan platform. Sporal is a loan provider founded in 2019, offering unsecured loans. Customers get competitive interest rates, flexible repayment terms and fast funding.
Most reviews are positive, praising excellent customer service and hassle-free application process. The customer service team is helpful when customers have questions. Applying for loans is fast and many get same-day approvals.
In conclusion, reviews show Lendgo is a reliable company offering convenient services for quick access to funds.
Lendgo Security
Lendgo is an online loan platform that provides customers with competitive personal loans. Security is important, and Lendgo takes it seriously. They offer SSL encryption, firewalls, 14-bit encryption and VeriSign Secure Socket Layer (SSL) certificate authentication services.
For extra security, Lendgo also offers two-factor authentication. This requires a username/password plus an SMS code sent to the user’s mobile phone. This helps to reduce identity theft and fraud.
Lendgo also uses advanced third-party risk management systems to ensure borrowers are creditworthy before approving loans.
Pros and Cons of Lendgo
Lendgo is a web-based loan service that offers quick individual advances to eligible borrowers. It has great rates and flexible payment choices. The platform assists customers in comparing lenders to get the best loan prices. Applying only takes minutes, and you can get your funds in as little as 24 hours after approval.
The pros of Lendgo include:
- Convenience
- Speed
- Competitive loan terms, like interest rates & repayment options
- Transparency
- Quick access to funds after approval
- Customer service by phone or email
- No pre-payment fines
The cons of Lendgo may be:
- Hefty fees compared to other lenders
- Minimum credit score of 580 (some lenders accept lower)
- Late payment penalties if you miss a payment due to financial difficulty or anything else
- Just available in 24 states
- Limited loan product options that may not meet everyone’s needs.
Conclusion
We reviewed Lendgo and found it to be a legit loan platform. It offers many different loan types and financing options. Top financial institutions back it, giving it credibility.
The application process is easy. But, borrowers must show docs like paycheck stubs or bank statements. Interest rates are competitive with other online lenders, but may be higher than traditional banks. This is due to the risk associated with high-risk loans.
In conclusion, if you’re looking for an online loan platform with quick access to funds without traditional credit checks or lengthy paperwork, Lendgo is worth considering.
FAQs about: Is Lendgo Legit
Q1: Is Lendgo a legitimate business?
A1: Yes, Lendgo is a legitimate business. We have been in the online lending space since 2018, and we have a 5-star rating on Trustpilot.
Q2: Does Lendgo offer competitive rates?
A2: Yes, Lendgo offers competitive rates and fees. We strive to provide our customers with the best offers available.
Q3: Is Lendgo safe to use?
A3: Yes, Lendgo is safe to use. We use the latest security technologies to protect your data and personal information.