BetterLoanChoice.com Reviews

BetterLoanChoice.com
Based on 10  Reviews



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About BetterLoanChoice.com

BetterLoanChoice.com is a website which specializes in matching people in need of loans with lenders who can fit their specific needs and whose lending requirements they fulfill.

Established in 2001, BetterLoanChoice.com is not a money lending service. Rather they are a company that partners with lenders who focus on giving loans to people with bad credit. Their website uses the criteria of the lender and the borrower to find the most successful matches.

Even though the website claims to specifically assist people with poor credit scores, as a part of your application process they do require that you get your current credit score from one of their partners that provide such information.

These credit score providers will give you access to your credit score for free, but will also enroll you in credit protection services for a trial period. If you do not want to take advantage of these services, you must cancel during the trial period to avoid fees.

Once you’ve received your credit score and have provided them with the rest of the necessary information – where you live, what kind of loan you need, and how much money you are hoping to receive – you will be matched with a prospective lender.

Though you will always be matched with a lender, you may not actually receive a loan offer. If you do receive an offer, it is your responsibility to be aware of all the terms of the loan before you accept it. From that point, all questions or complaints must be directed to the lender.

Unlike many other loan matching websites which tend to specialize in short term loans of limited amounts, BetterLoanChoice.com works with loan amounts of up to $25,000 as well as with a variety of legit lenders, including peer to peer, traditional lenders, short term lenders, or cash advance lenders.

If you have any experience with this service, please leave your BetterLoanChoice.com reviews below.

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10 ‘BetterLoanChoice.com’ Reviews
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Don't waste your time
Guest

Junk



June9, 2013

This site is junk. They don't help people with bad credit. They try and get you to join a credit score service and then send you links to payday loans. Ain't nobody got time for that!

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Josh
June 14, 2013

I completely disagree with your comment. I am a representative of BetterLoanChoice.com, and on a daily basis hundreds of applicants who have bad credit receive a loan through our loan matching program. The credit score service that is provided is an optional step, but it gives BetterLoanChoice.com the opportunity to make the optimal lending match for you, especially since BetterLoanChoice will not pull your credit. BetterLoanChoice.com is not a payday only company. It works with national banks, regional banks, and peer to peer lenders as well. I really hope this helps you understand our process better.

I agree
July 11, 2013

Scam. A rouse to get you to enroll for credit monitoring.

Josh
July 14, 2013

Thank you for your response to my post, but this is simply not true. While we do offer a link for credit monitoring with a free credit score, that is NOT a required step. There are 2 ways to bypass that offer, and we state that at the very top of the page.

Thank you for taking the time to give public feedback, as it helps us to be able to answer questions for people who may be confused about the process.

hahaha
July 22, 2013

hahaha

Josh
July 22, 2013

I honestly don't know what is funny, but regardless... we appreciate the feedback. We do not guarantee any results, unlike our competitors and are able to help many people every day get a loan. We wish you all the best and are sorry that we were not able to be of more help to you.

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Josh
Guest

Great review!



December15, 2012

Hello,

I am a representative of BetterLoanChoice.com, and I wanted to say that this was an excellent review. There was one issue with respect to the credit score. Applicants are not required to provide their credit score or apply for the credit monitoring service. That is an optional step. However, if they choose to provide it, BetterLoanChoice will be able to narrow down its list of participating lenders, thereby helping the applicant get matched with the appropriate lender. Excellent credit applicants will be matched with lenders who provide very competitive rates, and bad credit applicants will be matched with lenders who will do their best to offer a loan. BetterLoanChoice.com does not guarantee that every applicant will receive a loan.

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