An Atlanta-based lender, Simple Fast Loans offers quick and easy installment loans that can be taken out in 10 states across the USA. They’re a direct lender, founded in 2018, and claimed to be committed to providing their customers with fast, easy financing. The company advertises its services at simplefastloans.com.
Simple Fast Loans Summary
There are many options available for securing a loan. This can make the decision-making process difficult, as you want to be sure you are choosing the best lender for your specific needs.
One option that has received a lot of attention recently is Simple Fast Loans. However, it is important to consider whether this lender is the best choice for you. Here is a closer look at what they offer so that you can make an informed decision.
After taking a closer look at their website and terms and conditions, there were some key points that stood out to us. Here are the most notable ones.
- It offers a variable APR personal loan product but they do not disclose its interest rates.
- Charges a prepayment fee.
- Unsecured loans start at $200 and go up to $3,000.
- Loan terms can range from 3 months to 1 year.
- Loans are provided by CC Connect, a division of Capital Community Bank.
What is Simple Fast Loans?
Simple Fast Loans offers short-term loans that can be a good option for borrowers with bad credit who need quick funding but don’t want to go through a lengthy application process. Many short-term lenders offer fast, easy loans that can be helpful in a pinch. Simple Fast Loans has been in business since 2018 and its headquarters is in Atlanta, GA. You can reach the company by calling (855) 214-5363.
This business is not accredited by the Better Business Bureau and has an F rating. They have an average of 31 customer reviews and 46 complaints closed in the last 3 years. Customers have given them a 1-star rating out of 5. Most of their reviews online are negative.
How do Simple Fast Loans work?
At Simple Fast Loans, they offer short-term installment loans, lines of credit, and title loans to customers in select states. Loan amounts typically range from $200 to $3,000, and terms last from three to 12 months. However, rates and other loan terms are not disclosed until after you submit your personal information for preapproval. This does not affect your credit score but means you will not be able to estimate your costs upfront.
How to qualify?
At Simple Fast Loans, they don’t have a set minimum or maximum credit score. Whether you have great credit or are working to improve your credit, you can apply for installment loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
the lender only considers borrowers who are employed and have a regular income, so that they can be sure you’ll be able to make your loan payments on time.
Whether you are a US citizen or a permanent resident, you may be eligible for our installment loans.
To apply, you will need to provide some basic documentation, including proof of identity and an active checking account. Once approved, you can receive your funds quickly and easily, and begin repaying your loan according to the agreed terms.
Simple Fast Loans BBB Reviews
BBB does not accredit nor has a lot of information on file for businesses. However, customer reviews and complaints are monitored by the BBB. The business has an F rating with the BBB. They have an average of 31 customer reviews and 46 complaints closed in the last 3 years. Customers have given them a 1-star rating out of 5. Most of the reviews online are negative.
Here are some reviews:
James K 12/14/2022
Karen R 11/04/2022
Randy G 10/14/2022
Simple Fast Loans FAQs
How much does Simple Fast Loans charge?
Simple Fast Loans offers a variable APR personal loan product. They don’t disclose their interest rates, but they do charge an origination fee. They also charge prepayment fees and late fees.
Are there any pre-payment penalties?
A prepayment fee may be charged on your loan. This is less common for personal loans, but it means that you would have to pay a fee should you choose to pay off your Simple Fast Loans Installment Loan ahead of schedule.
How do Simple Fast Loans affect your credit?
Before applying for a loan, it’s important to understand the process and how your credit score may be impacted. Most lenders will perform a soft credit check initially, which won’t affect your credit score. However, once you decide to proceed with the actual loan application, the lender will need to do a hard credit inquiry to get a full view of your credit history and offer you final rates. These hard inquiries can lower your credit score.
How to cancel Simple Fast Loans?
Personal loans can be a great way to get the funds you need for a large purchase or unexpected expense. But it’s important to make sure you are confident in your decision to take out a loan because once the funds are deposited into your account, the transaction cannot be undone. So be sure to double-check everything beforehand to avoid any complications later on.
Are you struggling to make ends meet? Here are some helpful tips to get you back on track.
- It is important to be mindful of your spending and create a budget that works for you. This will help you keep your finances in order and improve your prospects for the future.
- Another great tip is to consult with a financial advisor who can help explain your different options as well as set up a plan that suits your unique circumstances.
- And lastly, try not to stress too much about debt. Many companies are understanding and willing to work with customers in order to create a more manageable payment plan. All it takes is reaching out to their customer service team for more information.
Is Simple Fast Loans legit or a scam?
Simple Fast Loans has been in operation since 2018 but many customers have complained about the service. The company has an ‘F’ rating and is not accredited by the Better Business Bureau. On average, 31 customer reviews and 46 complaints have been closed in the last three years – giving Fast Loans a 1-star out of 5-star rating.
Different lenders offer different interest rates and repayment terms on loans. To get the best deal, it is important to compare offers from multiple lenders. Reading customer reviews can help you choose a lender that meets your needs.
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