Bad Credit Loans Review

When I applied, they got my basic info, including a credit score which I had recently obtained, and then passed me on to one lending company after another. Each time I had to re-enter the same data, then was presented with a link to an “offer”, which then just threw me into another site to start all over again. So much for getting a list of lenders which we can then select the best offer based on our needs. When I finally was presented with an electronic ‘agreement’, it came in 4 pages, and I was supposed to read and sign one before seeing the next. Unfortunately, the first only stated when the first payment would start, not giving any details of the loan such as how much it was for, what the rate was and payment frequency. So I stopped and sent a message to the contact number of the lender that I would never sign under those circumstances. To be fair, they did email back with a phone number but I haven’t called. I really think it’s true that sites like BCL harvest users application data, because there have been a lot more lending companies calling, texting and emailing that already have the basic info minus the credit score.

So I live pretty much on cash and do not take out credit cards or loans. Unfortunately, due to a circumstance beyond my control, I needed a loan. I got 2 lenders that offered me a loan. One for $2,500 at 6.99% interest and a second lender for $1,000 at 1,099%. Yes, I said thousand percent. This lender would let me borrow $1,000 for $10,000 worth of interest over 36 months. So be very cautious. If you see approved, read the approval amount and terms. Do not click okay!

Thank you for your review.
I ALMOST applied until reading your review.
I’m moving on.
I appreciate your time to expose such shady inc’s.

Thanks for the useful and informative article online lending service that provides borrowers with poor credit the ability. Nice list of lenders for getting a Bad Credit Loans.

I think the primary lesson to be learned here is, “You lie down with dogs, you get up with fleas.” The reality is, if we have poor credit, there really is no help from strangers. Giving one’s personal info to these people is not going to result in a loan; it’s going to result in cruel and greedy exploitation. They are selling pie in the sky. It’s fun to fantasize, but it isn’t real.
Pick your smallest debt amount and stuff every extra dollar possible into repayment. Stop buying booze, cigarettes, fast food, slow down on entertainment. Do that for six months, and then step back and regard the amazing changes you have made.
Good luck to all of us.

I applied with them today. After the application they routed the application to another site, checkfreescore.com , in order to obtain an exact ‘credit score’ for potential lenders to shore up my chances of approval. The cost of this would be a ‘refundable’ $1.00 US Dollar. I completed the secondary portion and retrieved my report. I was expecting notification from badcreditloans.com on whether I was approved or denied, however upon returning to the site only prompting me to resubmit my loan ‘if I was denied’. I never received notification, either by phone or email of the status. The reality began to sink in that I was duped.

First thing, I contacted the company that captured my credit card information, demanded that the automatic renewal of their services be canceled, and my $1.00 be credited back to my account. They adamantly denied that they would pay back the $1.00, despite my email from them clearly laying out their own terms with the word ‘refundable’. I ended the call with having my number placed on the DNC list.

I then proceeded to contact badcreditloans.com using their contact information on their site. This is where things got strange. You see, when I first began to suspect a scam, I copied and pasted their business address into googlemaps. First address: 945 McKinney St #619 Houston TX 77002. I searched google to see if there were any other scams related to this address, and came across an interesting page on sitejabber.com containing the same physical address, only a different business name; PersonalLoans.com. After reading some alarming reviews and one glaring comment outing the positive reviews for the business as potential fake accounts, I proceeded to call badcreditloans.com at their Houston offices.

As the phone rang, I navigated back to their web page and logged into my account. I spoke with someone and explained to him that I hadn’t received a call or email regarding the status of my loan request, while also revealing to him I’d received several emails from sketchy sites (aka company physical addresses in laundromats on googlemaps). He then apologized for the lack of contact and after verifying some of my basic information accessed my account to inform me I had been denied my original loan request amount, but was still eligible for a lower loan amount and to resubmit the request tomorrow. I explained to him I didn’t want it and I no longer wished to receive offers from other companies, playing dumb, stating I wasn’t sure which lenders my email and other personal information had been shared with, and that I no longer wished to be contacted. He offered to have my email address removed from further contact with any other potential lender. I accepted. It was during this whole time I rechecked the physical address on their website (badcreditloans.com) that I noticed a glaring discrepancy, the physical address had changed! It now read; 958 McKinney St (unknown) Houston TX 77002! I left the suite number out and didn’t copy it into google out of shock. How could they update and adjust their physical address inside a span of an hour?

Then it was crystal clear. I had been the victim of first class scam on a tiered level. The first tier of the scam is to commit credit card information in the hopes that one will forget the ‘free trial’ period and then be subjected to recurring monthly fees. I lost a dollar out of the transaction, but I have email proof stating their business policy. The second tier of the scam was the purposeful selling of sensitive data. In the hours following today, I have already received a text prompting me to ‘repair my credit’. If you need screenshots of evidence I have it. What strikes me as the most profound aspect of this entire thing, is the article written by Saundra Latham on the site simpledollar.com, praising badcreditloans.com.

While I have no doubt that people who meet the right credit criteria are able to find the right lenders through badcreditloans.com, what I find reprehensible is their ‘make money at any cost’ approach to pilfer their potential clients data to sell to the highest bidder, while cooperating with another business (checkfreescore.com) to entice the short-term memory of potential clients with services they were led into in order to complete their loan request. Perhaps this approach is specifically reserved for potential clientele who will not be approved of their initial loan request in order to make some capital on every application, or it happens with all clientele. It is in this that Saundra Latham clearly demonstrated very poor journalism when attempting to investigate this particular business, especially considering the fact the companies’ physical address can change in any given hour.

Please feel free to contact me at my email for any further information.