Accessloans.com provides loans for people with different credit scores and monthly incomes.
If you are looking for a lender to borrow some money, you want to find a reliable one.
In this review, you will find out whether it is safe to make a deal with this service provider or it is better to be looking for another company.
Initial Info about Access Loans
Access Loans is a legit business offering lending services. It operates under a license issued by the Florida Office of Financial Regulation.
The company has a good website, allowing to quickly find necessary information. In particular, there is the Help section that you can go through.
Access Loans offers different contact options to reach their reps, including phone number and an online contact form.
The website is available in both English and Spanish.
What It Offers
On accessloans.com, you can apply for the following:
- Loans for federal employees;
- Services for employers.
Applying for Access Loans for federal employees requires no FICO code.
In order to get a loan, an employee has to set up an allotment. While there are no hidden fees, you will have to pay a one-time fee.
It is possible to repay your loan earlier without any additional payments.
There is no information on the rates offered by this company, and in order to find out conditions offered to you, you need to send an application first, which can be done online.
As for an employer, by dealing with this company, you can achieve the following:
- Relieve your workers from financial stress;
- Boost your reputation;
- Increase employee retention.
You will not have to pay any additional fees.
Access Loan Referral Program
Three is a referral program offered by the company that allows getting $50 for each referral. It is very easy to do as you only need to register with the company and get a referral link.
Customer Reviews and Ratings
The company was credited by the BBB in February 2020. Currently, its rating on this website is A-. you will find three customer reviews there, based on which a total rating of the company is 4 out of 5. One customer is unhappy due to being denied.
Also, on the Internet, you can find Access Loan reviews. Particularly, on Consumer Affairs, you will find six reviews, giving to the company a total rating of 3.6 out of 5.
While some people encounter certain problems, it is worth noting that the helpful customer support of Access Loan always tries to sort out all the issues.
At Scamadviser, the website has a rating of 85%, which is high and means that it is safe to use.
Access Loan may be a good choice for you if you a federal worker or employee.
It is not a scam but a trustworthy service provider. However, we cannot make a conclusion about its rates since there is no such information on its website.
Based on the customer reviews found on the Internet, the customer support of Access Loan is excellent and tries to quickly sort out any issues in a timely manner.
Also, no one has reported that the rates are too high. Additionally, it is possible to earn money by joining the company’s referral program.
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Examples of Costs & APR
TwentyMilliSeconds.com is not a lender – as such, we do not have control over the APR you will be offered. We display a Representative APR only as it is based on data offered from multiple lenders. The following represents sample rates, is for informational purposes only, and may not reflect the actual APRs offered by your lender or lending partner.
Loan Amount $1,000, Interest Rate 24.00%, Loan Term 12 months, Fee 3.00%, Repayment $94.56, APR 29.82%, Total Repayments $1,134.72, Total Cost $164.72
If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR.