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LENDMARK FINANCIAL
PERSONAL LOAN REVIEW
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Lendmark Financial is an online lender that makes small loans — both single-payment and installment loans — to borrowers with low credit scores. Lendmark Financial rates are as high as traditional payday loans in some cases, and lower than payday loans in others
2.0 out of 5.0 stars
Fast & Easy Online Applications
Credit Card Alternative
24 Hour Approvals
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CONSUMER WARNING
Over 120 BBB Complaints
Lendmark Financial Services began in 1996 as a subsidiary division of First Liberty Bank of Macon, Georgia. It now owns over 180 branches across the 18 states. Originally owned by the Branch Banking and Trust Company of Winston-Salem, North Carolina. Lendmark was acquired by a private equity firm in New York, in 2013.
There was very little personal loan information available on the Lendmark Financial Services website. The maximum loan term, interest rates, and minimum credit score needed were unavailable, nor does the website state when the funds would become available to the customer or how fast an application is approved. This lack of information makes it hard to determine how well Lendmark Financial Services holds up against the other personal loan companies.
Lendmark Financial Services is available in only 18 states across the Southeast and Mid-Atlantic United States. Many lenders provide almost nationwide service, so if you aren’t currently residing in Lendmark’s service area, we suggest looking elsewhere for your personal loan needs.
Many Lendmark Financial reviews are negative and raise some red flags. Current reviews note high-interest rates, bad customer service, and hidden fees. If you want to learn more, read Lendmark reviews below.
Lendmark Financial BBB Customer Complaints Summary:
8 Advertising/Sales Complaints
75 Billing/Collections Complaints
42 Problem with a Product or Service Complaints
Total: 125 BBB Complaints