Anyone giving a positive review must be misleading! This loan service provides what can only be described as predatory loans. Just take a look at their interest rates! For a $450.00 loan, they charge over $2,600.00, and if you miss even one payment, it could escalate to $5,000.00 for less than $500! These exploitative practices should be halted, and in my view, those responsible should face serious consequences. Fortunately, some states have banned such companies that prey on vulnerable consumers through predatory lending. Sadly, not all states have protective laws, allowing these unethical businesses to continue exploiting individuals. Please, do not support these predatory lenders who profit from the struggles of the vulnerable and disadvantaged.
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Lendumo was built from the ground up with one goal in mind - to make borrowing better. This guiding principle informs every decision we make, from the staff we hire to the servers we use. Our focus allows us to offer our customers a loan experience that’s easier, faster, more convenient, and accessible to more consumers.
As a direct lender with proprietary underwriting technology, we can offer our customers Express Funding, a points-based U Rewards program, excellent customer service, and industry-leading data security. We also encourage our customers to borrow responsibly and take advantage of our penalty-free early pay-off policy.See more
