Mobilend

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Debt consolidation is a big business. Millions of people are struggling with debt, and many of them turn to debt consolidation companies in order to get help. Mobilend advertises itself as a popular debt consolidation company. But is it a scam, or is it legit? In this mymobilend.com review, we will take a close look at the company and see what it has to offer.

Mobilend is not a lender. That means that if you consolidate your debt with Mobilend, you will not be getting a loan from them. Instead, they will be working with you to find a lender who is willing to give you a loan. This can be beneficial because it gives you more options and allows you to compare rates. However, it can also be risky because you are dealing with a middleman.

The biggest problem with Mobilend is that they are a lead-generating company. That means that their main purpose is to generate leads for other companies. They do this by selling your information to third-party lenders. This is how they make their money, and it’s why they’re able to offer their services for free.

While there are some benefits to using Mobilend, the risks are too high. Find a debt consolidation lender who is willing to work with you directly. There are plenty of reputable companies out there, and you don’t need to take chances with your finances.

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Mobilend Pros and Cons

If you’re considering taking out a loan, you may have come across the company Mobilend. While they’re not a lender themselves, they are a lead-generating company that works with lenders to try and get you the best deal possible. However, there are more cons to using Mobilend than there are pros.

For starters, not all of the lenders that Mobilend works with are reputable. In fact, some of them have been known to prey on people in financial distress. This means that if you’re not careful, you could end up with an even worse financial situation than you were in before.

Additionally, because Mobilend is not a lender itself, it’s hard to know what kind of terms and conditions you’ll be agreeing to. This can be a problem if you’re not familiar with the lending process and end up agreeing to something that’s not in your best interest.

All things considered, there are more cons than pros to using Mobilend. If you’re considering taking out a loan, you might be better off going directly through a lender instead. That way, you’ll know exactly what you’re getting yourself into.

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What is Mobilend?

Mobilend markets itself as a debt consolidation loan provider, but in reality, it is not affiliated with any lenders. In other words, Mobilend is a middleman that tries to match potential borrowers with lenders. However, the terms and conditions of the loans are not transparent, and the interest rates that the lenders typically offer are high. Borrowers should be aware that they may end up paying more than they originally agreed to if they use Mobilend’s services.

When did Mobilend start?

The company Mobilend started on June 22, 2015, and started locally on September 14, 2016. The company doesn’t provide debt consolidation loans but works with many different partners to provide these services.

Mobilend Websites

Mobilend has 2 websites, mobilend.com and mymobilend.com.

Both of these websites are suspicious for a few reasons. The first reason is that their WHOIS information is hidden. This means that we don’t know who owns or operates the websites.

Additionally, both websites advertise the same business but have different logos. This could be because they are run by the same people, but they are trying to hide the bad reputation from the first website by starting the second one.

If you’re thinking about doing business with them, we recommend that you proceed with caution. Be sure to do your research and only deal with businesses that have transparent ownership information.

How do Mobilend loans work?

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Mobilend sells your information to lenders. Lenders then offer you debt consolidation loans based on the information this company has sold them.

You may be offered loans with high-interest rates and fees. Be sure to read the terms and conditions of any loan offer carefully before accepting it.

Do not accept a loan from this company unless you are absolutely sure you can afford it. If you default on your loan, the lender may pursue legal action against you. This could result in wage garnishment, seizure of assets, or both. Defaulting on a loan will also damage your credit score, making it difficult to get approved for loans in the future.

How to qualify for a Mobilend loan?

Mobilend is not a lender, but there are qualifications you must meet in order to qualify for their network of lenders.

  • The first qualification is that you must have a job or another source of income. This income can be from Social Security, disability, child support, alimony, or any other form of government benefits.
  • You also need to have an active checking account in your name and a working phone number.
  • Finally, you will need to provide proof of residency by providing either a driver’s license or state ID.

If you meet all of these qualifications, then you should be able to qualify for a loan.

What is the business rating for Mobilend?

The business rating for Mobilend is not good. In fact, it is quite poor. The company has been accused of being a scam, and there are many complaints about its service online. If you are considering using them, you may want to reconsider.

What are the fees for Mobilend?

This company is not a lender, and as such, does not charge any fees. However, they receive commissions from the companies to whom they sell your information. These commissions are used to offset the cost of running their business and do not increase the fees you pay for your loan.

If you have any questions about the fees associated with your loan, please contact your lender directly.

How much does Mobilend save you?

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Mobilend is a lead-generating company and therefore cannot save you any money. They are not a lender and do not make any decisions regarding your loan. They simply collect information from you and provide it to their lending partners. They will then make the decision on whether or not to approve your loan.

There are no fees associated with their service and they do not guarantee that you will be approved for a loan. If you are not approved, there is nothing they can do to help you. We recommend that you work with a lender that can offer you more personalized service and better terms.

What is the minimum credit score for a Mobilend loan?

Your credit score is a number that represents your creditworthiness. It’s used by lenders to determine whether or not you’re a good candidate for a loan. The higher your score, the better your chances of getting approved for a loan with favorable terms.

The minimum credit score for their network of lenders is usually 640. However, keep in mind that this is just the minimum requirement. If you have a lower score, you may still be able to qualify for a loan, but you may not get the best interest rate or terms.

If you’re looking to get a loan with the best terms possible, aim for a credit score of 720 or higher. With a score in this range, you’ll have a good chance of qualifying for a low-interest rate and favorable loan terms.

How does Mobilend affect your credit?

When you sign up, a hard pull is placed on your credit report by their network of lenders. This can temporarily lower your score by a few points. Additionally, if you make any late payments on your account, this will also be reflected on your credit report and could further damage your score.

It’s important to keep an eye on your credit score when you’re using services like this, as it can have a direct impact on your financial wellbeing. If you’re ever in doubt, it’s best to consult with a financial advisor to get the most accurate advice possible.

Is Mobilend a debt settlement company?

The answer is no. This company is a lead generation company that partners with debt relief companies. They generate leads for their partner companies and then sell those leads to them. They do not provide any debt relief services ourselves.

Mobile Saas Lending Platform

Mobilend is a provider of mobile saas lending platform which faciliates and expedites the consumer origination process. The company was acquired by Kuber Financial Inc and provides mobile lending platform to brings the consumer origination processes into an immersive mobile experience, improves workflow, reduces cost and supports compliance with regulated lending environment.

How to cancel Mobilend?

If you need to cancel your loan for any reason, you can do so by contacting their customer service. Be sure to include your account number and the reason for your canceling request. Once your loan is canceled, you will no longer be obligated to make payments on it.

However, any outstanding balance on the loan will still be due and must be paid in full to your lender. If you have any questions about canceling your loan, please contact their customer support.

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Mobilend BBB Reviews

If you’re considering using Mobilend, you’ll want to check out their BBB reviews first. Unfortunately, they don’t have a great reputation with the Better Business Bureau. They have an A+ rating, but that’s only because they’re accredited. Out of five stars, they only have one. And if you look at their complaints, it’s not hard to see why.

Here are some Mobilend BBB Reviews:

David M 03/25/2022

***** Received an email claiming I was turned down for a loan by them, but I had never contacted nor heard of them before. When trying to call them (multiple phone numbers were fake) one line (local in ******, **) went to a message that due to extremely high call volume they couldn’t take my call. The Next attempt was to one of their MANY toll-free numbers and after waiting on hold for 10 minutes, the same message as before, but this time asking for me to leave a message. The remaining attempts (5 more) were to lines that were not valid and did not work. This is a SCAM trying to steal people’s information. Stay away at all costs!

Is Mobilend Legit or a Scam?

You may have seen the ads for Mobilend, promising quick cash loans with no credit check. But is this company legit? Or are they just a bait and switch operation, designed to take advantage of desperate people in need of money?

Unfortunately, it seems that Mobilend is not a lender at all. Instead, they are what’s known as a lead generator. They collect your personal information and then sell it to third-party lenders. This means that you could end up being bombarded with calls and emails from lenders who have no connection to Mobilend.

So if you’re considering taking out a loan with Mobilend, be aware that you may not be dealing with the company itself. And beware of bait and switch schemes like this one. There are better, more reputable lenders out there who can help you get the money you need.

Have you had any experience with Mobilend? Let us know in the comments below.

Thank you.

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Mobilend Review

Unfortunately, it seems that Mobilend is not a lender at all. Instead, they are what’s known as a lead generator. They collect your personal information and then sell it to third-party lenders. This means that you could end up being bombarded with calls and emails from lenders who have no connection to Mobilend.

So if you’re considering taking out a loan with Mobilend, be aware that you may not be dealing with the company itself. And beware of bait and switch schemes like this one. There are better, more reputable lenders out there who can help you get the money you need.

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