Simple Fast Loans Review: Is It Worth It?

An Atlanta-based lender called Simple Fast Loans provides quick and simple installment loans in ten states. On the website simplefastloans.com, the company’s services are promoted, and it is stated that the site’s mission is to provide customers with quick and simple loans. It was established in 2018.

Simple Fast Loans: Overview

The fact that you have so many options means that getting a loan is a difficult procedure. Choosing the best decision can be difficult because you want to make sure you pick a lender that satisfies your particular requirements. It is crucial to think carefully about whether Simple Fast Loans is the best option for you. This is a more detailed look at what they have to offer.

After reviewing their website and terms and conditions, the following things caught our attention.

• The interest rate for its variable APR personal loan product is not disclosed.
• For prepayment, there are fees.
• An unsecured loan can be obtained for as little as $200 or as much as $3,000.
• Three months to a year are possible loan terms.
• Through CC Connect, Capital Community Bank makes loans available.

What Is Simply Fast Loans?

Short-term loans, which are excellent for borrowers with terrible credit, are available from Simple Fast Loans if you require rapid money but don’t want to go through a drawn-out application procedure. In an emergency, quick, simple loans from a variety of short-term lenders can be useful. Atlanta, Georgia serves as the corporate headquarters of Simple Fast Loans, which has been in business since 2018. The company’s phone number is (855) 214-5363.

This company has an F rating and is not accredited by the Better Business Bureau. In the previous three years, it has received 31 unfavorable customer evaluations and resolved 46 issues. It has received, on average, 31 negative customer reviews out of a possible five.

Process For Getting Simple Fast Loans

Simple Fast Loans offers title loans, credit lines, and short-term installment loans to customers in a few states. Loan sizes typically vary from $200 to $3,000, with terms lasting three to twelve months. Rates and other loan terms are not disclosed after your personal information has been submitted for preapproval. This does not have a negative effect on your credit score, but it does mean that you cannot predict your costs in advance.

Qualification Process

There is no minimum or maximum credit score for Simple Fast Loans. Whether you are working to build your credit or have good credit, you are still eligible to apply for installment loans. To qualify, you must be at least 18 years old or older than the state’s minimum age. Lenders only take into account borrowers who are employed and have a regular income in order to ensure they are satisfied that you will be able to complete your loan payments on time.

Whether you are a permanent resident or a US citizen, you can be a good candidate for one of our installment loans. Once you have presented your identity and an active checking account, you will be able to start repaying your loan in accordance with the agreed terms if you are authorized. You will be able to collect your funds promptly and simply.

Simple Fast Loans Ratings

The Better Business Bureau keeps track of customer feedback and complaints about businesses. The BBB does not accredit businesses or have a lot of information on them. The BBB currently gives the company an F rating. In the past three years, they have received 31 customer reviews and resolved 46 concerns. Most online reviews are negative, with a 1-star rating.

FAQs

How Much Does Simple Fast Loans Charge?

With regard to its variable APR personal loans, it assesses origination, prepayment, and late fees. They do charge an origination fee, but the interest rate is not stated.

Are There Any Penalties For Prepayment?

A prepayment fee might be applied to the Simple Fast Loans Installment Loan. A prepayment fee could be incurred if you decide to pay off your personal loan early, despite the fact that this is less typical.

How Does Simple Fast Loans Affect Your Credit?

It’s critical to comprehend the steps involved in the loan application procedure and how they may affect your credit score. The majority of lenders run a preliminary soft credit check; this won’t have a negative impact on your credit report. The lender will need to perform a hard credit check when you decide to apply for the loan in order to determine your credit history and provide you with the best rate. If you have too many hard inquiries, your credit score may suffer.

How To Cancel Simple Fast Loans?

Personal loans are a great alternative if you need money to cover an unforeseen expense or purchase. Once the money is transferred into your account, you cannot change your mind about taking out a loan. Make sure everything is double-checked prior to prevent issues afterwards.

Here are some useful suggestions to assist you in getting back on track if you’re having financial difficulties.

• You should be aware of your spending and make a budget that works for you if you want to keep your money in order and enhance your possibilities for the future.
• A financial advisor at your side can help you understand your options and develop a plan that is specifically suited to your own circumstances.
• Last but not least, try not to worry too much about debt. Several businesses are prepared to work with clients to offer a more affordable payment schedule. For more details, only get in touch with their customer care department.

Simple Fast Loans: Is It Legit Or A Scam?

Simple Fast Loans has received numerous client complaints. Despite the company’s existence since 2018, it has received numerous client complaints. Fast Loans has an “F” rating from the Better Business Bureau and is not accredited. Fast Loans has a 1-star rating as a result of 31 negative customer reviews and 46 complaints over the previous three years.

Lenders have different loan interest rates and payback terms. You can spend less time and money by comparing options. To choose the best lender for you, read user reviews.

What is your experience with simplefastloans.com? Comment below and let us know!

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