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.
10 ‘BetterLoanChoice.com’ Reviews
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!
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.