Quick Funding Loans is one of the websites that you can find on the Internet when looking for a lender.
You may get attracted by something, which can make you submit your loan application right away, but before you actually decide to provide your personal information on the website, you should read this review to find out whether it is an honest business or a scam.
About the Business
QuickFundingLoans offers loans, but it is known whether it is a direct lender or a lending platform, which provides intermediate services for borrowers and lenders.
The website does not have much information, and you will be able to understand it yourself quickly.
You cannot even start the application process without providing the access code, but it is unknown where you can get it.
Probably, some people may get advertising letters with the code, which would notify them of being “pre-approved” for a loan, but we can only assume this.
There is the phone number that you can use to contact the company’s reps but it seems that the business owner tries to keep the other information unrevealed.
Also, you cannot find even approximate loan details on their site because there is no FAQ section, and basically, it is a single-page website that seems to have been designed to make you call them.
What They Offer
They claim that you can get the money in a quick, easy, and secure manner.
However, the site does not even use any SSL encryption technology, which means that it is not safe to provide your information.
The only info that we were able to find is that the company offers personal loans in the amount of up to $100,000, but no other conditions, such as APR, loan terms, availability for people with bad credit are not providers.
What they require to qualify also remains unclear.
Customer Reviews and Rating
According to Scamadviser, the trust score of this site is only 18%.
The domain has been registered a few months ago.
There is no information about the business that you can find on the BBB’s site or on the Internet.
We have big doubts that this business is legit.
There is no info about it on the site of BBB, the domain name of their site has been registered recently, and there are no customer reviews on the business.
We would assume that the site night not ready yet, but there is a phone number provided.
All this makes the impression that the site has been designed to make people call and keep all discussions this way.
Also, according to Scamadviser, its trust score is very low.
All in all, we cannot recommend you to use this site.
Moreover, we strongly advise you to stay away from quickfundingloans.com and choose something from different reputable lending businesses that you can find online.
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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.