QuotesRate.com is a loan matching service that promises to help customers with bad credit or no credit find a car loan that will work to meet their needs.
How Does It Work?
The QuotesRate website is very clear that they themselves are not a lender and they will not be lending money to any of the customers they work with; instead, they work as a service that matches their customers with a lender that is able to work with their unique needs as customers.
To begin with, customers will fill out the forms required on this website providing all the necessary information that will be used to find them a loan. This information will then be disseminated to the providers, lenders, and agents that they work with.
QuotesRate.com says that these partner companies will then contact you through email, telephone, or postal mail to review your application and finalize your loan application process.
It is also important that users of this website understand that by submitting this request, you understand that any loan company that contacts you will need your permission to get a copy of your credit report.
Since it is simply a loan matching service they do not charge their customers any fees for the services that they provided, but customers must be aware that any lender that is recommended by this website will be charging their customers a wide variety of fees over time and it is important that borrowers closely read all the Terms and Conditions of any loan that is offered to them to ensure that they fully understand what they are agreeing to.
Because this company does not charge their customers any fees for their services they also do not provide any sort of Refund Policy. Customers who use the recommendations of this company to work with a lender to borrow money will need to address all requests and questions directly to the lender, and not to QuotesRate.com.
Customer Service Contact Info
Customers who wish to contact Customer Service with questions, concerns, or complaints will not be able to do so at this time because this company does not provide contact information to the public.
There is almost no information on this company at all at this time, but this is likely because they are simply a loan matching service and not the actual lender themselves. However, as a company that is intending to match people with bad credit or no credit with a lender, the reality is that they will be working with specific types of lenders that specialize in these kinds of services.
The concern about these kinds of lenders is that they tend to charge incredibly high interest rates on the loans they give out, and they often charge very serious penalties whenever people are late or require extensions on their loan.
Unfortunately customers with poor credit scores may not have many other options, but that doesn’t mean you still can’t be choosy with the company you work with. In fact, you can’t afford not to be choosy – whichever company is recommended to you by QuotesRate.com should be researched before you agree to any loan terms.
Competitors and Alternatives?
There are many other websites which act as loan matching services, especially when it comes to working with lenders that specialize in high interest loans, so customers who are interested in alternatives will have many different options.
If you have experience with this company or their products, please leave your QuotesRate.com reviews below.