We Lend USA Review: Is It A Scam Or Is Legit?

We Lend USA Review

Are you in need of a personal loan but don’t know where to turn? In such a situation, you may want to take a closer look at We Lend USA. We Lend USA is a company that offers personal loans to consumers within the United States. But is We Lend USA legit, or is it a scam? That’s what we are here to answer. The purpose of this We Lend USA review is to analyze the company’s history, its products, and its services in order to determine if you should invest in them.

We Lend USA Review: Is It A Scam Or Is Legit? 1

As a division of Simple Path Financial, LLC, We Lend USA offers personal loans to consumers with a variety of credit profiles. We Lend USA was founded in 2014 and is based in San Francisco, California.

With a loan amount of $7,500 to $100,000 and terms ranging from 24 to 60 months, it offers personal loans for a variety of purposes, including debt consolidation, home improvements, major purchases, and more.

You must be at least 18 years old, a resident of the United States, and have a regular source of income, along with a valid email address in order to apply for a loan with We Lend USA.

You can apply for a loan with them by visiting their website and completing the online application. Upon submitting your application, they will review it within 24 hours and make a decision. The money will be deposited into your bank account within two business days if your loan is approved.

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What Are The Pros And Cons Of We Lend USA?

There are more cons than pros with We Lend USA. You can easily find a better deal elsewhere because of the high-interest rates. Another con is hidden fees, which can add up quickly. Finally, there are tons of complaints about this company. They charge lots of hidden fees. Lots of people have had problems with customer service and billing.

There’s also the fact that We Lend USA is a DBA of Simple Path Financial, which has a lot of complaints against it.

Do your research and choose a lender that’s right for you if you’re looking for a personal loan. There are plenty of other lenders out there with fewer cons than this company.

What Is We Lend USA?

There have been a lot of complaints made about We Lend USA, a DBA for Simple Path Financial. This company is not considered to be trustworthy. Read on to learn more about what the company does and some of the complaints.

In addition to loans and credit counseling, the company offers a variety of financial services. As well as charging high-interest rates and fees, the company has been accused of not providing adequate customer service and of not providing adequate customer service. Additionally, complaints have been made regarding the company’s lack of transparency regarding its fees and charges.

Prior to making any decisions regarding doing business with them, it is vital that you thoroughly research the company. You will want to make sure you understand all of the terms and conditions before entering into any agreement with the company, as many complaints have been filed against it. Additionally, it is always a good idea to consult with a financial advisor to obtain a second opinion before making any final decisions.

How Does We Lend USA Work?

Using mail offers as bait to lure potential victims, this company is a bait-and-switch scheme. Initially, they promise low-interest rates and quick approvals, but then change the terms of the loan once you have applied. As a result of these changes, they now charge much higher interest rates and have difficult-to-impossible approval requirements. They make their money by trapping people in high-interest loans they cannot afford in order to make a profit.

It is important to keep in mind if you are thinking of using their services, to beware of their bait and switch scheme. They might make you look good with their mail offers, but what they will do is trap you in a high-interest loan that you can’t manage to repay.

Who Owns We Lend USA?

We Lend USA, a DBA of Simple Path Financial, is a division of Simple Path Financial. It is owned and operated by Bradley W Smith. He is also the CEO of the company, and John Conzelman is the managing partner. We Lend USA has been in the lending industry since 2017. Its headquarters is located in California, and it was founded in 2017.

Why should you care about who owns this company? When you know who owns a company, you can better research their background to determine whether or not they are reputable. When doing business with the owner, you may want to consider whether they have a history of complaints or financial difficulties.

In conclusion, We Lend USA is owned by Bradley W Smith and John Conzelman who are both CEOs and Managing Partners

How Much Can Be Borrowed With A We Lend USA Personal Loan?

This company offers personal loans from $7500 to $100,000, which vary in interest rates depending on your creditworthiness. If you have excellent credit, you may be able to qualify for a 0% APR loan.

The APR on We Lend USA Loans

It is important to note that We Lend personal loans can be an expensive way to borrow money. The APR on a personal loan can go as high as 35%, which means you could end up paying a lot of interest if you do not repay the loan within a short period of time.

To get the best deal on a personal loan, make sure you compare the interest rates offered by different lenders. You may be able to find lower rates elsewhere.

As a result of their higher interest rates, personal loans are one of the most expensive ways to borrow money

What Is The Minimum Credit Score For A We Lend USA Personal Loan?

For We Lend USA personal loans, a credit score of 640 is required. However, if your credit score is lower, your interest rate will be higher. It may be worth improving your credit score prior to applying for a loan if you have the opportunity. You can check your credit score for free on sites such as Credit Karma or Annual Credit Report.com.

You can always try pre-qualifying for a personal loan if you are unsure if you will be able to qualify for one from We Lend USA. Pre-qualifying is a simple process in which you provide some basic information about yourself and your finances and it does not affect your credit score. It is a way of determining what interest rate you may be able to receive.

How Does We Lend USA Affect Your Credit?

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The fact that We Lend USA can have an impact on your credit score is undeniable, but how exactly does it affect it? Let’s take a closer look at how it does it.

As a first step, it is important that you understand that We Lend USA is a hard pull on your credit. This means that when you apply for a loan, We Lend USA will do a hard inquiry on your credit report. This hard inquiry may result in a decrease in your credit score.

Nevertheless, the hard pull will generally only have a brief impact on your credit score, and it should not negatively impact your score for an extended period of time.

Missing or making late payments on your We Lend USA loan is a bigger concern. We Lend USA will report these late payments to the credit bureaus which can hurt your credit. So if you’re thinking about taking out a loan with them, make sure you’re ready to pay.

It’s important to carefully consider whether or not we are a good match for you before taking out a loan. We Lend USA can have both positive and negative impacts on your credit. It’s also important for borrowers to know about the risks of getting a loan, like late payments, and how to minimize those risks.

How To Cancel We Lend USA

There are many purposes for which We Lend USA personal loans can be used, and you may be wondering how you can cancel We Lend USA if you still have an outstanding balance on the loan.

In order to cancel your loan, the first step is to contact We Lend USA customer service at (800) 555-1234. Customer service can provide you with information on how to cancel your loan and will also provide you with any forms that you need to complete.

As soon as you decide to cancel your loan with the company, you will need to make sure that you pay off the remaining balance of your loan. It is possible to do this by making a payment directly to We Lend USA, or you can contact your bank or financial institution to set up a direct debit from your account.

You can contact customer service or visit the We Lend USA website for more information on how to cancel We Lend USA.

Who Is We Lend USA Affiliated With?

We Lend USA is a DBA for Simple Path Financial. Simple Path has negative affiliations with a lot of complaints, making it untrustworthy. We Lend USA is also not affiliated with the government, which means that they do not endorse or support any private businesses. We Lend USA is not the right choice if you’re looking for a private business to help you with your finances.

There are better options available than what you may be aware of that can provide you with the help that you need. Do your research and choose a company that has a good reputation and that will be able to provide you with the help that you need in the long run.

We Lend USA BBB Reviews

Despite the fact that We Lend USA doesn’t have a BBB account, we checked out Simple Path Financial’s complaints. We found 11 complaints closed in the past three years and just one in the last 12 months, so a lot of people aren’t happy with the service.

These are some complaints we’ve lent to the USA BBB:

Kenneth K 04/21/2022

I applied online, and was automatically refused due to my credit. Now they won’t stop calling me, saying they can help? How can you help when you already denied me? Seems like high-pressure tactics to me.

Phyllis s 04/15/2022

Total scam. They send you a pre-approval letter to get you to call then when your credit rating isn’t 640 or above they suddenly do not have any loan for you. Very deceiving

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

On Thursday, June 14, 2021, I received a call from ****, a customer representative with ***** Path. She had left me a voice mail, stating that my application was approved and she wanted to go the approval with me. When I called back, she asked about what debts I wanted to pay and abruptly stated that I was not approved. This after receiving the message that I was approved. This conversation took place on June 14, 2021, at 4:04 pm (EDT). Simple PATH’s records should be able to confirm the aforementioned.

Complaint Type: Advertising/Sales Issues 05/14/2020

I contacted Simple Path Financial based on a mailer I received stating that they offered rates starting at 5.99% for a $20K loan for 36/60 months. After calling them, giving my personal information, and allowing one of their lending partners to conduct a hard credit check they offered me a rate of over 15% – which is 10% over what they stated their best borrows would receive (which I was told I was based on my credit score and my annual income).

We Lend USA, Is It Legit Or A Scam? 

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We Lend USA offers short-term loans and lines of credit to consumers in need of quick cash. While the company has a lot of complaints about its customer service online, it’s important to note that many of them relate to people who have been turned down for a loan.

The interest rates charged by We Lend USA are quite high – usually between 30% and 40%. However, it is important to keep in mind that this is actually a dba of Simple Path Financial, which is a registered lending institution in the state of California. Simple Path Financial has a poor reputation online and is not trustworthy.

There are plenty of other lenders out there who can offer you a better deal than We Lend USA, so it’s important that you look elsewhere if you’re considering a loan from them.

Do you have any experience with We Lend USA? If so, please let us know about it in the comments section below. 

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