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Simple Fast Loans, based in Atlanta, will let you take out an installment loan as quickly as possible in 10 different states across the nation. This company claims to be a direct lender, that was founded in 2018, and that specializes in providing fast and easy financing to their customers. Its services are advertised on a website called simplefastloans.com, which is operated by the company.

Simple Fast Loans logo

Summary

Loans are available in a variety of forms. It can be difficult to decide because you want to ensure that you are choosing the right lender for your needs.

There is one option that has received a great deal of attention recently called Simple Fast Loans. However, you should consider whether this lender is right for you. Take a closer look at what they have to offer so that you can make an informed decision.

After reviewing their website and terms and conditions, we noticed some key points. The following are some of the most notable.

  • They offer a variable APR personal loan product, but their interest rates are not disclosed.
  • Fees are charged for prepayment.
  • It is possible to get an unsecured loan for as little as $200 and as much as $3,000.
  • There are different loan terms available, ranging from 3 months to 1 year.
  • The loans are provided by CC Connect, a division of Capital Community Bank.

Simple Fast Loans: What Are They?

For borrowers with bad credit who need fast funding but do not wish to go through a lengthy application process, Simple Fast Loans offers short-term loans. Many short-term lenders offer fast, easy loans that can prove useful in times of need. Founded in 2018, Simple Fast Loans has its headquarters in Atlanta, Georgia. You can reach the company by calling (855) 214-5363.

The Better Business Bureau has not accredited the business and they have been granted an F rating. Over 3 years, the company has collected 31 customer reviews and 46 complaints. In general, customers have given them a 1-star rating out of 5 stars, with a majority of their feedback being negative.

How Do They Work?

Simple Fast Loans offers short-term installment loans, lines of credit, and title loans to customers in certain states. The loan amounts typically range from $200 to $3,000, and the loan terms typically last between three and twelve months. It is not until after you have submitted your personal information for preapproval that rates and other loan terms are disclosed. Even though this will not affect your credit score, you will not be able to estimate your costs in advance.

How To Qualify For Simple Fast Loans

Simple Fast Loans review

The credit score requirements for Simple Fast Loans are not set. It is possible to apply for installment loans regardless of whether you have good credit or are working towards improving your credit. To be eligible, an individual must be 18 years of age or the minimum age set by the state, whichever is higher.

To ensure that your loan payments will be made on time, lenders only consider borrowers who are employed and have regular incomes.

Whether you are a US citizen or a permanent resident, you may qualify for one of our installment loans.

To apply, you will need to provide some basic documentation, such as proof of identity and an active checking account. As soon as you are approved, you will be able to receive your funds and begin repaying your loan.

BBB Reviews

Neither the BBB accredits nor maintains a lot of information about businesses. However, the BBB monitors customer reviews and complaints. According to the Better Business Bureau, the business has an F rating. There have been 31 customer reviews and 46 complaints closed in the last three years. Their customers have given them a one-star rating out of five. There are a majority of negative reviews available online.

Here are some reviews

James K 12/14/2022

This is nothing but a scam!!!! They tell you in a letter you’re pre-approved and that is a lie!!!! I get this every month!!!! Quit wasting people’s time!!!

Karen R 11/04/2022

This is a scam, they sent a letter with a firm offer took all my info then said they couldn’t find a lender nowhere does it say they were a broker this is a scam and very unprofessional.

Randy G 10/14/2022

They take all your information verify accounts without your consent E-sign without your consent and steal whatever money you have in the account you have. My wife is currently in the process of a lawsuit with them and they have the feds investigating.

Frequently Asked Questions

How Much Does This Company Charge?

The Simple Fast Loans company offers a personal loan product with a variable interest rate. The company does not disclose its interest rates, but it does charge an origination fee. Additionally, they charge late fees and prepayment fees.

Is There Any Pre-Payment Penalty?

There may be a prepayment fee associated with your loan. When you choose to pay off your Simple Fast Loans Installment Loan ahead of schedule, you will have to pay a fee.

How Do Simple Fast Loans Affect Your Credit?

It is important to understand how the loan application process works and how it may affect your credit score before applying for a loan. The majority of lenders will perform a soft credit check initially, which will not negatively affect your credit score. However, once you decide to proceed with the actual loan application, the lender will be required to perform a hard credit inquiry to obtain a comprehensive understanding of your credit history and provide you with a final rate quote. You may experience a decrease in your credit score as a result of these hard inquiries.

How To Cancel Simple Fast Loans?

Personal loans are an excellent source of funding for large purchases or unexpected expenses. However, you must be confident in your decision to take out a loan since once the funds are deposited into your account, the transaction cannot be reversed. Ensure everything is double-checked beforehand to prevent any problems later.

Do you find it difficult to make ends meet? You can get back on track with these helpful tips.

  • Budgeting is an important part of being mindful of your spending. By doing this, you will be able to keep your finances in order and improve your prospects.
  • Having a financial advisor explain your options and set up a plan tailored to your specific needs is also a great tip.
  • As a final note, don’t focus too much on debt. The majority of companies are willing to work with customers to create more manageable payment plans. More information can be obtained by contacting their customer service team.

Simple Fast Loans: Is It Legit?

Simple Fast Loans loan

Since opening its doors in 2018, customers of the service provider, Fast Loans have expressed dissatisfaction with their experiences. The company has an abysmal ‘F’ rating and is not recognized by the Better Business Bureau. With an average of 31 customer reviews as well as 46 grievances, closed within the last three years – this has resulted in a very low 1-star ranking out of 5 stars, according to many sources.

There are a variety of interest rates and repayment terms offered by different lenders. It is important to compare offers from different lenders to obtain the best deal. You can select a lender that meets your needs by reading customer reviews.

Simple Fast Loans
  • Simple Fast Loans
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Simple Fast Loans

Since opening its doors in 2018, customers of the service provider, Fast Loans have expressed dissatisfaction with their experiences. The company has an abysmal ‘F’ rating and is not recognized by the Better Business Bureau. With an average of 31 customer reviews as well as 46 grievances, closed within the last three years – this has resulted in a very low 1-star ranking out of 5 stars, according to many sources.

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