We Borrow Us Review: Are We Borrowing Legit or a Scam? Find out here - National Credit Foundation (2023)

When it comes towe lend usa, there are two types of people: those who think it's a scam and those who think it's legit. We're here to clean the air and help you decide if We Lend personal loans are worth your time (and money). In this We Lend USA review, we're going to take a look at what you can expect from this company if you choose to work with them. We'll also go through the pros and cons so you can make an informed decision about whether or not We Lend USA is right for you.

We Lend USA is a company that offers personal loans to people with bad credit. If you have bad credit, it can be difficult to get a loan from a traditional lender like a bank. We Lend USA specializes in helping people with bad credit get the money they need.

The application process is simple and straightforward. You can apply for a loan online or over the phone. Once you are approved for a loan, We Lend USA will transfer the money to your bank account within 24 hours. The repayment terms are flexible and you can choose to repay your loan in 12 or 36 months.

Interest rates at We Lend USA are higher than average, but that's to be expected when you're dealing with a company that specializes in bad credit loans. The good news is that We Lend USA offers a discount for automatic payments. So when you set up automatic payments, you save on interest.

One of the biggest complaints about We Lend USA is that they don't offer a grace period for late payments. This means that if you are one day late in payment, you will be charged a late fee. While this policy is harsh, it's important to remember that We Lend USA is a last resort for people with bad credit. Missing a payment negatively impacts your credit score.

Overall, We Lend USA is a reputable company that can help you get the money you need if you have bad credit. Interest rates are high, but that's to be expected. We Lend USA is a good option when you need credit and cannot get one from a traditional lender. Just make sure you read the terms and conditions carefully before signing up. And remember, We Lend USA should only be used as a last resort. If you have good credit, there are better personal loan options. But if you have bad credit, We Lend USA might be worth considering.

We borrow the ins and outs of the US

This lender has more disadvantages than advantages.We Lend USA is a DBA for Simple Path Financial, which is a decoy and switch scheme. You have many complaints. We do not recommend using this company's personal loans.

We hire professionals from the USA:

• It's a legitimate company that can help you get the money you need if you have bad credit and debt consolidation is something you want.
• The application process is simple and straightforward.
• It offers an automatic payment discount. So when you set up automatic payments, you save on interest.
• The repayment terms are flexible and you can choose to repay your loan in 12 or 36 months.
• The company offers personal loans and deposits the money directly into your bank account within 24 hours if approved.
• With a personal loan, you choose the interest rate and the down payment.

We borrow US contras:

• We Lend USA is a DBA for Simple Path Financial.
• A Simple Path Financial und We Lend USA usam oder esquema bait and switch.
• Interest rates are above average.
• One of the biggest complaints about We Lend is that they don't offer a grace period for late payments. This means that if you are one day late in payment, you will be charged a late fee.
• It should only be used as a last resort. If you have good credit, there are better personal loan options.

Who owns WeLendUSA?

WeLendUSA.comis a DBA for Simple Path Financial. The company belongs to Mr. Bradley W. Smith, CEO, and Mr. John Conzelman, Managing Partner. It is a direct lender specializing in short-term small business loans. The company was founded in 2014 and is headquartered in San Diego, California.

We Lend offers personal loans, loan amounts ranging from $7,500 to $100,000 with terms of up to 24 months. Credits can be used for working capital, business expansion, or equipment purchases. We Lend offers a bait and switch program where they target small businesses that need a quick buck. The company promises quick approvals and financing, but then lures and refers the business owner into a loan with significantly higher interest rates.

This company is not a reputable lender and should be avoided. If you are considering borrowing from them, please do your research first and read reviews from other customers.

How do I cancel We Lend USA?

If you are not happy with your personal loan, you can cancel it. Here's what you need to do:

First, call customer service at (877) 228-5306 and say you want to cancel the loan. You will receive a reference number for your cancellation.

Then send a written notice of termination to the company by e-mail, fax or post. In your message, please include your name, address, telephone number and customer service reference number. You can use this cancellation policy template as a guide.

Finally, keep a copy of your cancellation notice for your records. Once they receive your cancellation notice, they will process it and send you a confirmation. Canceling your personal loan from We Lend USA is easy, but make sure you do so within 60 days of closing the loan. After that, you are liable for the loan until it is paid off.

How Can US Debt Consolidation Affect Your Credit Score?

We lend US debt consolidationputs a heavy strain on your credit score when you apply for a loan. This can damage your credit score and make it difficult for you to obtain credit in the future. If you default on your payments, We Lend USA may also report it to the credit bureaus, further damaging your credit score. Therefore, it is important to be aware of how We Lend USA may affect your credit score before taking out a loan there.

We borrow US BBB ratings

search theAre we borrowing the US rating BBB?This company does not have a BBB account, but we have reviewed Simple Path Financial's complaints as We Lend USA is a DBA for Simple Path Financial. Here's what we found:

• Negative complaints about customer service
• Negative complaints about the credit process
• Negative complaints about corporate communications

Here are someWe award BBB ratings to USA and Simple Path Financial:

Type of Complaint: Problems with Product/Service 07/23/2021

On Thursday, June 14th, 2021, I received a call from *********, a customer representative of ******** Path. She left me a voicemail that my application was approved and she wanted to go with me for approval. When I called back she asked what debt I wanted to pay off and bluntly said I wasn't approved. This after I received the message that I was admitted. This conversation took place on June 14, 2021 at 4:04 p.m. (EDT). Simple PATH records should be able to confirm the above.

Complaint Type: Advertising/Sales Issues 5/14/2020

I contacted Simple Path Financial based on the correspondence I received stating that they offer interest rates starting at 5.99% on a $20,000 loan for 36/60 months. After calling them, giving them my personal information, and allowing one of their lending partners to run a rigorous credit check, they offered me an interest rate of over 15% - which is 10% higher than what they had quoted on their best loans (which I was too). based on my credit score and annual income).

Kenneth K 04/21/2022 See more

I applied online and was automatically rejected due to my credit rating. Now they keep calling me and saying they can help? How can you help when you've already denied me? Sounds like a high-pressure tactic to me.

frequently asked questions

How does a personal loan work?

A personal loan is money that is given to you through a financial institution such as a bank. a bank or online lending marketplace, which you can use to pay off credit cards, consolidate debt, and cover many other expenses.

What is the Minimum Credit Rating for a We Lend USA Personal Loan?

For a personal loan from We Lend USA, 640 is the minimum credit score.

Will borrowing in the US hurt my credit?

Will We Lend USA hurt my credit?About your creditpunctuationTaking out a loan with We Lend USA can do harm or help, depending on how you manage the loan. Making all payments on time and paying off the loan as soon as possible can improve your credit score. However, if you miss payments or don't repay the loan in full, it can negatively affect your credit score.

Are we lending money to the legal US?

Are we lending money to the legal US?Overall, We Lend USA is a legitimate company. Interest rates can be high. Before you commit to anything long-term, read the fine print and make sure you understand exactly what you're getting yourself into.