Quick2lend is an online platform offering short-term personal loans between $250 and $3,000, with quick approvals, flexible repayment terms, and no credit score restrictions.
While it promises convenience and direct bank deposits, concerns about its trustworthiness have surfaced.
Here’s what you need to know before borrowing.
What is Quick2lend.com?
Quick2lend acts as a middleman, connecting borrowers with third-party lenders, offering loans with APRs ranging from 6% to 36%. While it promotes no upfront fees and flexible loan options, concerns arise.
The platform has limited reviews, with a single negative one on Trustpilot warning of potential misuse of personal data. Since Quick2lend isn’t a direct lender, fees and rates depend on the lender, which may result in unexpected costs. High APRs, up to 36%, can be a burden, especially for those with poor credit.
Customer support is another drawback, offering only email communication with no phone or live chat, which can cause delays when urgent help is needed.
These issues raise questions about its reliability.
Is Quick2lend.com Loan Platform a Scam?
Unpredictable Costs: Interest rates and fees are many and diverse among the lenders and therefore it becomes very difficult to know the actual amount of money you will have to pay back before you can agree upon taking the loan. Even those with a bad credit history might be getting their rates set very high.
Lack of Transparency: The lack of information about the lending partners also makes the users of the platform far from sure whom they are dealing with.
Limited Reviews: One can divide the platform into critical areas of Customer Perspective and find out that there is not enough information about customer feedback to evaluate the reliability of the information.
Questionable Business Address: The street address listed here leads to an apartment perhaps this location is not really a professional office space which again begs the question.
Risk for Low Credit Borrowers: Despite stimulating the interest of those with bad credit scores, loans could be expensive, meaning they burden those who take them.
Conclusion
That is why although Quick2lend makes borrowing a loan very easy, its operations are opaque, potentially misleading about fees, and are supported by little borrower reviews and testimonials.
Be more careful and you might opt for more traditional sources of funding.
Do This If You Have Been Scammed
If you suspect a scam, act fast:
This needs you to call your bank immediately to inform them of the fraud and to block your account.
Tell it to your state or local consumer protection authority or the FTC.
You should also keep an eye on your credit reports for any fraudulent activities (annual credit report is free with Experian, Equifax, or TransUnion).
Change passwords on online accounts and go for two step verification for security.
READ MORE: Kabilon.com offers a range of home products — See Reviews