Review Time
They take advantage of everyone. I go and look on my dashboard and it says 490% interest rates. As a retired disabled combat veteran I find this disgusting. I will pay back the 800$ however I’ve already made a few payments so as far as I’m concerned they already got their money back in interest. I have disliked them from my bank and will be making 100$ payments a month for 8 months. Do yourself a favor and stay away!
They charge way to much interest , but I wasn't to worried I figured I would double my payments to avoid the high interest and pay off early. Surprise the web site wouldn't let me. Sent messages twice about their web site not allowing me to make early payments never heard back. It's a rip off don't trust them. There other site that is much more honest. Will never use again.
I have had quite of few loans from spotloan. I like the fact that you get an actual timeline and you see your balance going down unlike other similar agencies. They do actually lower your interest rate with repeat customers. They only reason I didn't give 5 stars is that it didn't go down low enough but Oh well. Still great in emergencies or if you need a little extra.
If you're in need and need quick cash please do not go to Spotloan. I agree it is fast and easy but don't do it. I took a loan for 500$ at a 490% interest rate. With a 1800$ to payback amount. During a conversation, the Spanish-accented guy is the only one who answers the calls. I asked if I have to pay back 1800$ he said No you can pay your loan anytime. But the loan has not moved after several payments. I requested a change to my payment due date. In my application, I specified that my pay date is, but the current payment due date is set before this, which creates financial difficulty for me. Now every time I'm 2 days late I pay a 5$ daily interest rate. It's a setup to keep you paying. Think twice loves.
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We’re here to help when you need a little extra cash. Our loans are better than payday loans - they’re installment loans. You’ll get the cash you need quickly at up to half the cost of other lenders. No late fees. No surprises. Even if you've been denied by other lenders, Spotloan may still be your answer. We say yes when other lenders say no. And, every loan with Spotloan contributes to economic growth and the betterment of a community in need. Learn more at Spotloan.com.See more
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