Sydney Financial Personal Loans is a service platform that matches qualifying loan applicants with potential loan providers through their domain SydneyFinancial.DailyFinanceGroup.com.
Operating as a loan matching service campaign for their root domain, DailyFinanceGroup.com, we plan to address whether or not Sydney Financial Personal Loans is a scam or legitimate.
To learn more regarding whether you can trust your personal and financial information with Sydney Financial Personal Loans we invite you to continue reading our unbiased review!
What is Sydney Financial Personal Loans?
Sydney Financial Personal Loans is an online platform that provides loan matching services.
Consumers who are based out of the United States are able to utilize their platform to secure loans from a network of lenders affiliated with their platform.
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It is important to understand that Sydney Financial Personal Loans is not a lender, does not broker loans to lenders nor do they conduct cash advances or partake in credit decisions.
Cash advance loans up to $1,000 are available for request through Sydney Financial.
Sydney Financial is allegedly a member of the Online Lenders Alliance (OLA).
How does Sydney Financial Personal Loans Work?
Sydney Financial Personal Loans works virtually identical to other loan matching services.
Consumers who are residents of the United States and of the age of 18 or older are able to request a pay day loan ranging between $100 to $1,000.
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All consumers are encouraged to apply regardless of their credit history, although it is more likely you’ll be approved if you reflect a stronger and responsible credit history.
Among the information you’ll need to hand over when applying would be your first and last name, email, social security number, physical address along with other sensitive personal and financial information (such as bank account information, for if you are approved).
Since Sydney Financial Personal Loans is not a direct lender, applicants who request a particular loan will be directed to lenders who have approved your request.
It should be made known that lenders who vet the application process are likely to conduct credit inquiries through major credit bureaus such as Experian, Equifax or Trans Unions, which means your credit score may be negatively affected due to potential multiple credit inquiries.
For applicants who are approved, you will be able to complete the loan securement process by electronically signing your loan documents procured and sent by your approved lender.
Average loan terms are up to 14 days while annual percentage rates fluctuate between 261% to 1,304%.
Who is Behind Sydney Financial Personal Loans?
SydneyFinancial.DailyFinanceGroup.com does not provide any ownership regarding their loan matching service platform.
No identifying information can be found on the sites Privacy Policy, About Us, FAQ or Terms and Conditions pages.
When conducting a WHOIS report into the Sydney Financial Personal Loans site we discovered that “SydneyFinancial.DailyFinanceGroup.com” is actually an addition to the root domain DailyFinanceGroup.com.
Which likely means that Sydney Financial Personal Loans is an active campaign of Daily Finance Group.
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After this correlation was made, we conducted a WHOIS report into DailyFinanceGroup.com to see if we could find any identifying information.
According to the report, DailyFinanceGroup.com was an openly registered domain that was created on September 30th, 2011 by Moniker Online Services LLC.
Whether or not Moniker Online Services LLC is the direct owner and operator of Sydney Financial Personal Loans we are unable to narrow down for certain, although we find it likely.
Question Marks and Red Flags
Much is unknown regarding the Sydney Financial Personal Loans platform.
We have been unable to verify ownership information, which is always a characteristic we tend to frown upon, although it isn’t all that uncommon in the loan servicing arena.
The exact creation date of the Sydney Financial Personal Loans platform is unknown while we are unable to discover any pertinent community feedback, which likely means that their operation is relatively new.
Blue Sky Financial Personal Loans (Added September 9th, 2018)
Blue Sky Financial Personal Loans, located at BlueSkyFinancialGroup.com, is another loan matching network likely created by the operators behind DailyFinanceGroup.
Reflecting nearly the same site template as Sydney Financial Personal Loans while sharing the same Footer description, Terms & Conditions, rates and fees, etc., it becomes obvious to us that both Blue Sky Financial Group and Sydney Financial Personal Loans are essentially the same service platform, they just have different cosmetics.
While we don’t necessarily agree with this sort of shady network arrangement of the same services, it isn’t by law considered illegal.
Make sure to continue reading to learn whether either of these two loan matching networks are optimal for you!
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Is Sydney Financial Personal Loans a Scam?
We simply lack the information to accurately determine whether or not both Sydney Financial Personal Loans and Moniker Online Services LLC are scams. Given the information disclosed to you above, we believe it is safe to say that there are more transparent and reputable loan matching networks readily available for consumers.
Popularity
SydneyFinancial.DailyFinanceGroup.com does not appear to be a reputable loan matching service since their platform fails to secure any global ranking at SimiliarWeb.
What we were able to find out is that the site receives on average below 55,000 monthly visitors, receives the majority of their traffic from the United States while reflecting signs of inorganic site growth, which may indicate some shady marketing practices but that is unconfirmed.
Sydney Financial Personal Loans Review Conclusion
Every consumer should become wary when confronting online platforms that request personal and financial information while rendering no ownership of their own.
Regrettably, Sydney Financial Personal Loans is no exception in this case.
Perhaps if Sydney Financial Personal Loans was willing to divulge ownership information while reflecting verified positive consumer feedback we would be persuaded to render a different verdict.
However, for the time being, there are simply too many unknowns for us to recommend such as loan matching service platform.
Outcome: Pursue Sydney Financial Personal Loans/Blue Sky Financial Personal Loans at your OWN RISK!
We encourage you to share any insight, experience or opinions you may have by sharing a comment below!