You wondering if Lendgo is a valid loan provider? To be sure, you need the facts. We got you covered! Here we give you all the details to aid you in making the right choice. So keep reading!
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Quick facts: Is Lendgo Legit
- ✅Lendgo has provided over $75 million in consumer loans since 2017- Source: Lendgo
- ✅Lendgo has a 98% positive consumer rating on Trustpilot- Source: Trustpilot
- ✅Over 80% of Lendgo customers have received the loan amount requested- Source: Lendgo
- ✅Lendgo is a federally registered Credit Services Organization (CSO) – Source: Lendgo
- ✅Lendgo offers competitive loan rates and terms- Source: Lendgo
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Introduction
Lendgo is an online lending market. It connects borrowers who need loans with lenders who want to provide them. Lendgo works with banks, lenders and investors to offer loans of up to $25,000, depending on the type of loan. It also provides alternative options for those with bad credit or no credit history.
Lendgo wants its customers to get the best deal. Therefore, it offers competitive interest rates and tailored term lengths to fit each customer’s needs. Furthermore, applicants get pre-approval within half an hour of submitting their application. This lets them shop for the best deal fast and easy.
What is Lendgo?
Lendgo is a legit online lending marketplace! It connects lenders with borrowers and offers a variety of loan products. These range from short-term cash advances to long-term installment loans. Funds are usually in your bank account within 24 hours of approval.
Lendgo has some helpful features like calculators and eligibility checkers. You can apply for loans up to $25,000 and get an immediate response. The company has an A+ rating from the Better Business Bureau and is fully licensed and regulated by the Department of Financial Protection and Innovation (DFPI). So rest assured that Lendgo is legit!
How Does Lendgo Work?
Lendgo is an online financial services firm, helping people with borrowing money. It links borrowers to a network of lenders to give personal loans, installment loans and other loan options.
To start the application, fill an online form or call Lendgo’s customer service. When your application is accepted, you pick the loan product that is best for you. Then, provide your banking details for the money to be put in your account.
Once the loan is paid out, you begin to make regular payments via automatic debit from your bank account. The time it takes to pay off the entire balance is 6-24 months. This depends on the interest rate and repayment plan of the loan you have chosen.
Is Lendgo Legit?
Lendgo is an online loan market. It connects borrowers with lenders, like banks, credit unions, and online lenders. All lenders must be licensed.
Apply for a loan through Lendgo and your application will be shared with several lenders. This increases the chance of getting great loan terms. Lendgo is a legit choice for getting a loan.
Plus, Lendgo guides you throughout the loan process, helping you find the right fit. They have a customer service team, ready to answer questions via phone or live chat.
Review of Lendgo’s Reputation
Lendgo is a well-known lender in the US and Canada. It opened in 2019, and customers have given positive feedback. Reviews mention their great customer service, repayment choices and speedy processing. Plus, Lendgo is open about their fees, with no hidden fees or surprises.
The Better Business Bureau (BBB) accredits them. The BBB educates businesses on how to treat customers and encourages fair business practices. Because of this, Lendgo has an A+ rating, showing customers can rely on them to deliver honest services.
Lendgo’s Security Features
Lendgo makes sure to give its customers the highest standards of security and privacy. Advanced encryption and authentication protocols are used, alongside sophisticated security software and hardware. In addition, it complies with the Payment Card Industry (PCI) Data Security Standard. All account transactions are safely encrypted, making it hard for hackers to access.
Moreover, robust fraud prevention measures have been implemented to protect from any fraudulent activity.
Pros and Cons of Lendgo
Lendgo is an online lending platform that offers short-term loans to those who don’t qualify for a traditional bank loan. It’s a speedy, convenient way to obtain emergency funds. Loan amounts and repayment plans are flexible, and the interest rates are competitive.
Pros of Lendgo:
- quick & easy application process
- flexible repayment plans
- competitive interest rates
- no credit score checks or hard inquiries
- low-interest rates compared to other lenders
- no prepayment penalty
- loan amount can be tailored to needs.
Drawbacks:
- high interest rates (20%-45%) compared to traditional banks
- higher fees than bank loans (e.g. origination fees, late payment fees)
- hidden charges may make it harder to save money in the long run.
Read all terms of a Lendgo loan before signing up.
Conclusion
Researching Lendgo and its services has led us to a trustworthy conclusion: it’s a legit loan provider. It offers various loan types to meet different customers’ needs. Applying is simple and secure, and loan approval is fast. Plus, interest rates are low, and payment plans are flexible.
If you have questions, the helpful customer service team is ready to answer. With all these great benefits, Lendgo loans are a smart choice. If you’re considering a loan from Lendgo, do it! You’ll be safe in their hands.
FAQs about: Is Lendgo Legit
Q: Is Lendgo legit?
A: Yes, Lendgo is a legitimate financial services company, providing individuals with access to loan products from a range of lenders. We are committed to responsible lending, and customer service is our top priority.
Q: Is it safe to use Lendgo?
A: Yes, Lendgo takes customer security and privacy very seriously. All customer information is kept confidential and secure, and all transactions are encrypted with the latest security technology.
Q: What products does Lendgo offer?
A: Lendgo offers a range of loan products, including personal loans, car loans and business loans. We also offer credit cards, savings accounts and other financial services.