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If you’re struggling with debt, Credit9 may be able to help. Credit9.com is a company that provides debt consolidation loans to consumers who are looking for relief from their high-interest credit card debts. But is Credit9 legit? Or is it a scam? In this Credit9 review, we’ll take a closer look at the company and see what it has to offer.
Credit9 is a company that provides debt consolidation loans to help you pay off your high-interest credit card debts. The company was founded in 2013, and it is headquartered in Irvine, California. Credit9 is accredited by the Better Business Bureau (BBB) and has an A+ rating.
The company offers two different types of loans: unsecured personal loans and secured personal loans. Unsecured personal loans are available for up to $35,000, with terms of 36 or 60 months. Secured personal loans are available for up to $50,000, with terms of 48 or 60 months. Both types of loans have fixed interest rates ranging from 11.99% to 35.99%.
However, there have been some complaints about Credit9. Some consumers have accused the company of bait and switch tactics, claiming that they were promised one interest rate but then given a higher rate when they applied for the loan. Others have complained about poor customer service and difficulty getting in touch with a representative.
If you’re considering using Credit9 to consolidate your debt, it’s important to do your research and read reviews before you apply. There are both positive and negative reviews of the company, so be sure to weigh all your options before you make a decision.
What is Credit9?
Credit9 personal loans are a type of loan offered by banks and other financial institutions that allows customers to borrow money for personal expenses. However, many people have accused Credit9 of being a bait and switch scheme.
Customers said they have received mail from this company with advertisements offering very low-interest rates, but then received a higher interest rate when they applied for the loan. Others have said that they were promised a lower monthly payment, but then their payments ended up being much higher.
If you’re considering taking out a debt consolidation loan, it’s important to be aware of these accusations. You should also make sure that you understand the terms of the loan before you sign any paperwork. Otherwise, you could end up paying more than you expected or not getting the loan at all.
When did credit9 start?
Some people say that Credit9 started on April 24th, 2013. However, others claim that the company has been around for much longer than that. Regardless of when it started, one thing is certain – Credit9 has been in business for nine years.
During its time in operation, Credit9 has helped many people get out of debt. It has also made a lot of money for its shareholders. However, there have been some complaints about the company’s practices. Some customers have said that they were not able to get the help they needed from Credit9. Others have said that the company’s fees are too high.
How do Credit9 loans work?
It’s actually quite simple. Credit9.com loans work by preying on people who are in desperate need of money. They offer high-interest rates and short repayment terms, which makes it nearly impossible for borrowers to repay their loans without getting further into debt.
What’s even more predatory is that Credit9 doesn’t care if you can’t repay your loan. They’ll just keep charging you late fees and penalties until you’re finally forced to default on the loan. And once you default, they’ll send your account to collections and ruin your credit score.
If you’re considering taking out a Credit9 loan, we urge you to reconsider. There are far better options out there that won’t put you at risk of financial ruin. Consider a personal loan from a reputable lender instead. You’ll get lower interest rates and longer repayment terms, which will give you the time you need to repay your loan without getting further into debt.
How to qualify for a Credit9 loan?
You can apply for a loan online in just a few minutes, and if you qualify, you’ll receive funding in as little as one business day. But what does it take to qualify for a Credit9 loan?
To qualify you’ll need to meet the following criteria:
- Be at least 18 years old (19 in Alabama)
- Have a regular source of income
- Have a checking or savings account in your name
- Be a U.S. citizen or permanent resident alien with a valid Social Security number
If you meet all of the above criteria, you’ll likely qualify for a personal loan from Credit9.
What is the business rating for Credit9?
Credit9 is a personal loan company that offers loans to people with bad credit. The company has an A+ rating with the Better Business Bureau (BBB) and a 4 out of 5-star rating on Trustpilot. However, many customers have complained about the high-interest rates and fees charged by the company. If you are considering taking out a loan with this company, be sure to read the reviews and compare interest rates before you decide.
What are the fees for Credit9?
Loans from this lender come with several fees. There is an origination fee, which is a percentage of the loan amount and is charged when you first take out the loan. There are also late payment fees and returned payment fees, which are both charged if you make a late payment or your payment is returned. Finally, there are prepayment penalties, which are charged if you pay off your loan early.
The interest rate on personal loans from this company is also high. The APR ranges from 11.99% to 36%, which means that you will end up paying a lot in interest if you take out a loan from this lender. Overall, the fees and interest rates make personal loans from this lender a bad deal.
How much does Credit9 save you?
We all know that debt consolidation loans can be a lifesaver. They help us get out of debt faster and save money on interest rates. But what about Credit9?
Credit9 promises to save you money, but how much does it really save you? We did some research to find out.
Here’s what we found:
- It has high-interest rates. The average interest rate for a debt consolidation loan is 21%. That’s almost double the average interest rate for debt consolidation loans!
- You could end up paying more in fees. The average fee for a debt consolidation loan is $500. That’s almost $200 more than the average fee for debt consolidation loans!
- You could end up taking longer to pay off your debt with this lender. The average term for a debt consolidation loan from Credit9 is 60 months. That’s five years! The average term for debt consolidation loans is 48 months.
So, while this lender may be able to save you some money on interest rates, you could end up paying more in fees and taking longer to pay off your debt. We recommend shopping around for a debt consolidation loan before choosing Credit9.
Is Credit9 a debt settlement company?
No, Credit9 is not a debt settlement company. They are a personal loan and debt consolidation loan provider. They do not settle debts for their customers.
There are many companies out there that promise to settle your debts for a fraction of what you owe. While this may sound like a good deal, it’s important to remember that these companies often have high fees and you may end up paying more in the long run.
If you’re struggling with debt, it’s important to speak with a qualified financial advisor who can help you create a plan to get out of debt. There are many options available and the best solution will vary depending on your individual circumstances.
Is Credit9 a debt relief company?
The answer is: maybe. Credit relief companies typically offer personal loans or debt consolidation loans to help people pay off their debts. So, if you’re looking for a company to help you get out of debt, Credit 9 may be worth considering.
However, there are a few things to keep in mind before working with any debt relief company. First, make sure you understand the terms of the loan. Most personal loans have high-interest rates, so you’ll want to be sure you can afford the monthly payments. Second, remember that debt relief companies typically charge fees for their services. So, if you’re already struggling to pay your debts, working with a credit relief company may not be the best option for you.
Credit9 Customer Reviews
The company has an A+ rating with the BBB and is accredited since 2018. However, they have had 34 complaints in the last three years- which is a lot for such a small company. And of those, six were closed in the last twelve months. That’s not very good customer service.
Here are some Credit9 BBB Reviews:
Rebecca A 06/17/2022
****** was very helpful the reason for the 3 stars is the effect it had on my credit score. I knew it would affect it some just not 200 points!!
Pep J 06/10/2022
They are a classic bait and switch loan company. They tell you you are paying close to 0% interest rate and then you find out they are charging actually 20%. They tell you after they settled with the credit card companies this is the way to go and it really is the worst decision you will make. You are stuck with even more debt and it’s a never-ending cycle. I’m fighting this now with FCRA
Complaint Type: Problems with Product/Service 05/04/2022
They send out a letter by mail that you are prequalified for a debt counseling loan and all it is is a bit to try and get you to do a program that they are going to settle all your debt. They never intended to help you Consolidate they just want to set you up on a program to let you get behind on what you owe and they will settle. This is a False advertisement I never intend to help you get a lower rate and give you alone to help you get is it
How safe is Credit9?
The answer may not be as reassuring as you’d like. Credit9 offers high-interest rates and has been known to engage in bait and switch tactics. That means they could promise you one thing, but then deliver something else entirely.
So, if you’re considering using Credit to consolidate your debt, you may want to think twice. And remember, just because something is advertised as “safe” doesn’t mean it is.
Credit9 can be a tool to help get your finances in order, but it can also be a dangerous trap if you’re not careful. So ask yourself: Is it really worth the risk? Only you can answer that question. But we hope this article has given you some food for thought.
Thank you for reading!
The answer may not be as reassuring as you’d like. Credit9 offers high-interest rates and has been known to engage in bait and switch tactics. That means they could promise you one thing, but then deliver something else entirely. Credit9 can be a tool to help get your finances in order, but it can also be a dangerous trap if you’re not careful. So ask yourself: Is Credit9 really worth the risk? Only you can answer that question. But we hope this article has given you some food for thought.
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