Is LendingPoint legit?


Yes, LendingPoint is a legit lending service.


Average rating: 4.44 / 5
Weighted average rating: 4.85 / 5
Based on 9464 reviews from 11 sources

Go to lendingpoint.com



More Details

Positive highlights

It has been a pleasurable experience, very professional and helpful. Thank you and I’m looking forward to a long relationship!

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Deborah was great to work with during the loan process. While on the phone, I was able to get the emails, and then she explained some additional documents needed. I had a problem providing a voided bank check since I haven't used physical checks in about 15 years. So, I sent her a comparable screenshot from my bank. She told me she would let me know if any issues. Within a short time, she called me back to let me know the loan was approved. Thanks

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Payment flexibility. Most personal loan companies require monthly payments. LendingPoint is one of few lenders that give you a choice between bi-weekly payments or the option to make payments every 28 days.

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Negative highlights

Takes less than 10 seconds to tell you that you are not getting anything, then try to scam you by making money off referrals to scam sites. They have no interest in helping people, just making money off sending them to scammers. Apparently, they only care about making scam money instead of helping people

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The maximum repayment term is only 4 years.

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The borrower will pay an origination fee of up to 6% of the loan amount.

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LendingPoint has been included in the following lists

Full review

LendingPoint Review

LendingPoint is an online lender that provides personal loans to consumers with a focus on those who have less than perfect credit. The company was founded in 2014 and has since become a trusted resource for individuals seeking loans for a variety of purposes, including debt consolidation, home improvement, and more.

One of the key features of LendingPoint is its ability to provide loans to consumers with less than perfect credit. While traditional lenders may turn away borrowers with lower credit scores, LendingPoint takes a more holistic approach and looks at other factors, such as income and employment history, to determine a borrower's creditworthiness. This can make LendingPoint an attractive option for those who have struggled to get approved for a loan elsewhere.

In addition to its focus on borrowers with less than perfect credit, LendingPoint also offers a range of loan options and flexible repayment terms. Borrowers can choose from personal loans, small business loans, and even automotive loans, and can select repayment terms that best fit their needs and financial situation.

One of the main pros of LendingPoint is its commitment to helping consumers with less than perfect credit access loans. By considering a variety of factors in its underwriting process, LendingPoint is able to provide loan options to a wider range of borrowers than many traditional lenders. Additionally, LendingPoint's website is easy to use and provides a wealth of information and resources for consumers, including articles, tools, and calculators to help them make informed financial decisions.

There are a few potential cons to consider when using LendingPoint. One is that the company does charge fees for its services, including origination fees and late payment fees. These fees can vary depending on the loan type and the borrower's creditworthiness, but they can add up to a significant amount. Additionally, while LendingPoint does offer a range of loan options, it may not be able to match all borrowers with a loan.

In conclusion, LendingPoint is a legit and reliable online lender that provides personal loans to consumers with a focus on those with less than perfect credit. While there are fees associated with its services and it may not be able to match all borrowers with a loan, LendingPoint's commitment to helping consumers with less than perfect credit access loans and its range of loan options and flexible repayment terms make it a valuable resource for those in need of a loan.

Overview

LendingPoint is an online lender that provides personal loans to consumers with a focus on those who have less than perfect credit. The company was founded in 2014 and has since become a trusted resource for individuals seeking loans for a variety of purposes, including debt consolidation, home improvement, and more.

Key Features

  • Provides loans to consumers with less than perfect credit
  • Range of loan options and flexible repayment terms
  • Provides a wealth of information and resources for consumers, including articles, tools, and calculators

Pros

  • Commitment to helping consumers with less than perfect credit access loans
  • Easy to use website with valuable resources and information

Cons

  • Charges fees for its services, including origination fees and late payment fees
  • May not be able to match all borrowers with a loan

Conclusion

LendingPoint is a legit and reliable online lender that provides personal loans to consumers with a focus on those with less than perfect credit. While there are fees associated with its services and it may not be able to match all borrowers with a loan, LendingPoint's commitment to helping consumers with less than perfect credit access loans and its range of loan options and flexible repayment terms make it a valuable resource for those in need of a loan.

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