See BBB rating, reviews, complaints, request a quote & more. Here is an insightful guide on all you need to know about the best private student loans of 2020. Additionally, LendKey is also accredited with the Better Business Bureau and holds an “A” BBB rating as well. Business Incorporated: 5/2/2007 in DE. The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Reviews and Trustworthiness. Before that step I was asked for a copy of my annual tax returns. Accredited Since: 9/24/2012. Partners may influence their position on our website, including the order in which they appear on a Top 10 list. LendKey is accredited by the BBB and holds an A+ rating with the organization. They’ve had one BBB complaint since they opened in 2012, and it was resolved to the customer’s satisfaction according to the BBB website. Other requirements may apply depending on the particular lender, such as opening an account with the credit union. And, most interestingly, I still do not know the proposed interest rate, having a credit score of 815. Type of Entity: Corporation. Quickly compare private lenders for your school and apply for the right student loan. This can result in higher monthly repayments and a more expensive loan in the long run. However, this is the only way you can qualify for federal student aid and many scholarships, so it’s in your best interest to fill out the FAFSA in addition to applying for a private student loan. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. We know we can only be successful if we take your trust in us seriously! Customer reviews on the BBB site also show an average of one out of five stars. In addition, you can get a 0.25% rate discount if you choose to sign up for autopay after picking a lender. LendKey was founded in 2009 in response to the financial crisis and partners with hundreds of banks and credit unions to help them reach more borrowers. The Better Business Bureau (BBB) allows you to look up reviews, find resolved and unresolved claims against a company … LendKey is a place for someone seeking multiple financing options. They also have 5 customer reviews with an average of 1/5 stars. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. If they'd told me up front that that's how they were going to calculate his income, I wouldn't have wasted the time and the hard pull. Other discounts may be available, depending on the lender you’re partnered with. However, interest continues to accrue during this time. Late fees and prepayment penalties vary based on the partner you’re matched with. As always, potential customers are advised to read the entirety of the loan agreement to avoid surprises later. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. The most common issue was related to dealing with the lender or servicer, mainly regarding how payments were handled or receiving bad information. The company works like an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real time. It currently partners with a range of local banks and credit unions. LendKey. More SoFi Info: BBB File Opened: 09/12/2012. There’s a catch, though. BBB accredited since 6/10/2015. This is one of the higher rating options, as the highest letter rating is an A+. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. reviews. Optional, only if you want us to follow up with you. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. Unlike other companies we've gotten loans through, LendKey refuses to use his current salary (as evidenced in his two most recent paystubs and his original offer letter) and instead insists on assuming his income is the same as his 2018 reported income, which is significantly lower because he spent the first 2 months of the year at a much lower paying job. It depends on where you go to school and reside. No, filling out the FAFSA isn’t required to get connected with a student loan provider through LendKey. Accredited Since: SoFi is not BBB accredited. The BBB was established in 1912 with the aim of vetting organizations so that they were trustworthy and legitimate. You’re limited to a maximum 15-year loan term, which can be burdensome if you can’t afford high monthly repayments after graduating. SoFi has an A+ rating on the BBB page. We strive to ensure our content is clear and honest. Founded in 2009, LendKey is an online lending services company that matches consumers with financial providers from a network of community banks and credit unions that offer private student loans, as well as student loan refinancing. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. We need your consent to our privacy policy. Having a cosigner is not required, but it may improve an applicant's chances of obtaining a lower interest rate. While its six reviews on the Better Business (BBB) website are negative, it scores a 4.5 out of 5 on Trustpilot, based on over 130 reviews. If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. We keep our reviews completely factual so you can use them to make better decisions. Pick something else if you need a loan term longer than 15 years. The Bottom Line. Most complaints filed against LendKey seem to involve customers who are confused about the terms of their loans. Find out from past customers why LendKey is the best resource for lenders and borrowers. We may also receive payment if you click on certain links posted on our site. The Better Business Bureau (BBB) gives LendKey an “A” rating, which means the lender has scored somewhere between 94 and 96.99. While you can choose between fixed or variable interest rates, its partners only offer loan terms of 5 years to 15 years. Product name, logo, brands, and other trademarks featured or referred to within our site are the property of their respective trademark holders. Since LendKey’s partners don’t charge application or origination fees, the main cost you need to worry about is interest. Of those reviews, 80 percent of users gave LendKey an excellent rating, while only 3 percent issued a “bad” rating. These commissions are how we maintain our free service for consumers. Praying on people who are just trying to do write and spending a life time paying back student loan debt. Share. If you have any specific questions while considering which product or service you may buy, feel free to reach out to us anytime. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. The company has only three customer reviews, all of which are negative. Another said they found no help from LendKey when dealing with a difficult financial situation. LendKey has been BBB accredited since 2012. LendKey Technologies, Inc. has had Better Business Bureau accreditation since September of 2012. What APRs does Earnest Student Loan Refinancing offer on its student refinancing loans? LendKey has an “A+” BBB rating. We may receive compensation from our partners for placement of their products or services. Learn how we maintain accuracy on our site. LendKey is an accredited business with the BBB and it currently holds an A+ rating. Reviews LendKey Review: Is LendKey Legit for Refinancing Student Loans? U-fi is new to the industry but is built upon the well-known (though controversy-ridden) financial company, Nelnet. Metro Office Park 7 calle 1 Suite 204, Guaynabo, PR 00968, Student Loans 101: The Fundamentals of Student Loans, What to Do if You Can't Repay Your Student Loans, APRs for as low as 1.25% (variable) and 4.25% (fixed) with AutoPay, Reduce your rate by 0.25% when you sign up for AutoPay, Get a private student loan in just 3 minutes, COVID-19 forbearance of up to 18 months available (varies by lender). You can choose between fixed or variable rates: Fixed rates range from 4.99% to 11.24% APR, while variable rates span from 3.99% to 11.06% APR. Straightforward student loans for undergraduate and graduate students. Its network of lenders offer relatively competitive rates and flexible repayment options. While its six reviews on the Better Business (BBB) website are negative, it scores a 4.5 out of 5 on Trustpilot, based on over 130 reviews. Loans in New York, NY. Freaking finally. Earnest has an A+ rating with the Better Business Bureau and an excellent rating with Trustpilot. False advertisement. Minimum and maximum loan amounts: The minimum is $5,000 in most states, however, it’s $6,000 in Massachusetts, $10,000 in Arizona, and over $15,000 in Connecticut. Best for students looking to get connected with a local bank or credit union with competitive rates. LendKey is an accredited A+ business with the Better Business Bureau (BBB). Their ability to connect students with community banks and credit unions for both federal and private school loans makes them a good choice for most consumers, though occasional issues with the website may prove frustrating. The company allows customers to compare rates and lenders in a neutral online environment. There are a few perks of taking out a student loan through one of LendKey’s partner lenders, including: Consider these potential drawbacks before taking out a student loan through one of LendKey’s partners: LendKey gets mostly positive reviews from customers as of September 2019. LendKey is aimed a savvy borrowers who want to avoid paying origination fees and prefer flexible repayment schedules – you can even pay interest-only for the first 4 years. With a Better Business Bureau rating of A, LendKey has several negative reviews on the BBB website. Reach out to your lender for details on how and where to make repayments. Particularly to students. US. Will I need to complete the FAFSA to get connected with a LendKey partner? If you choose to click on the links on our site, we may receive compensation. You might want to look elsewhere if you want to spread your loan repayments out over 20 or 25 years. Tax Hardship Center has multiple positive reviews on a number of online platforms from verified customers. Finance your college education through this lender with a strong social mission and terms that fit your budget. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Our Comments Policy  |  How to Write an Effective Comment, LendKey Review | Student Loans & Refinancing. BBB accredited since 9/24/2012. The Better Business Bureau or BBB “helps people find and recommend businesses, brands and charities they can trust.” They are one of the oldest and most respected resources when you need to research where you spend your money. They are also accredited with the BBB (Better Business Bureau) and carry an A rating. 104 West 27th Street, 4th Floor, New York, NY, 10001, Leave a comment for LendKey Student Loans. The only cause for concern is the hard credit inquiry that will occur if you choose a lender and go through the application process with them. 13% rate down to 6.25 interest rate for remaining 17k loan. LendKey Private Student Loans Disclosure: "The APR for variable rate loans may increase after loan consummation.Additionally, the APR displayed may include a 0.25% reduction for enrolling in automatic monthly payments from a personal checking or savings account to … You can find out which partner LendKey might get connected with by starting the application. LendKey’s undergraduate private student loans are best for those who value working with a community bank or credit union, and those who like the idea of a long forbearance period as a safety net. At Finder, we value and respect our editorial independence. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. While it varies by lender, you’ll typically need to provide the following for you or your cosigner: Because LendKey isn’t a lender itself, your servicer will depend on the lender you apply with. Whole process took literally a few minutes. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. The LendKey and SoFi BBB rating is based on several factors including complaints received from the public, the length of time that the lender has been in business, licensing and government actions, and more. Read our guide to student loans to compare your options. FreeTaxUSA 2021 is a great bargain tax software option for business owners, side hustlers, and small landlords that know their taxes. LendKey provides a fast and simple application process that matches applicants with credit unions and small banks in their community offering loans at lower rates than those extended by larger lenders. Funding your education using student loans can be pretty useful. See BBB rating, reviews, complaints, & more. Instead, it encourages potential borrowers to submit an online form to check eligibility. Check out our list of other student loan providers that might be a better fit. The LendKey Difference: LendKey brings over 300 community and not-for-profit lenders to consumers through a seamless online application whe Find Offers Network Reviews Any required documentation can also be uploaded to LendKey's web portal. We may receive payment from our affiliates for featured placement of their products or services. LendKey enables lenders like banks and credit unions to offer low-rate loans online. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. This means you’re effectively paying interest on interest. Several borrowers praised how simple and effective the process was. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. LendKey is an online provider of student loan consolidation services with strong customer reviews. LendKey’s partners offer a 0.25% rate discount to borrowers who sign up for autopay. One borrower claimed LendKey failed to deduct repayments on the due date, then charged late fees. But in general, you need to meet the following criteria to take out a student loan: LendKey is an online connection service that connects borrowers with a student loan provider that can help finance their education. Completed application and within minutes provided with a list of lenders. LendKey is a marketplace that matches consumers with credit unions and other community banking institutions that can offer more competitive interest rates and loan terms than larger lenders. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. 40k to 37k. The application process is beyond unbearable (that's understatement). Many or all of the companies featured here provide compensation to us. LendKey has an A+ rating on the BBB page. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated Confirm details with the provider you're interested in before making a decision. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. To find out more about how we make money and our editorial process, click here. LendKey is a student loan lending platform that connects credit unions and community banks with online borrowers. To make this comment as helpful as possible for our community, please provide at least 2 sentences. They also have 162 customer reviews with an average of 2/5 stars. The company has only three customer reviews, all of which are negative. LendKey goes as low as 2.13% for variable APR and 3.25% for fixed APR, with Citizens Bank only slightly higher. If granted forbearance, your monthly repayments will be reduced or put on hold entirely. ET. After at least two hours I stopped going through it when I was asked for a documents of financial institution that loaned a car I do not have for at least seven years, and also was for a notarized copy of my Drivers License. However, that would be the case no matter where you applied for a student loan refinance. You don’t have to file applications with different lenders to determine your eligibility. Still on the fence? LendKey’s partners offer repayment terms from 5 years to 15 years. Because LendKey partners with different lenders, it doesn’t have a list of eligibility requirements. The following companies are our partners in Student Loans: LendingTree, Credible, Discover, Sallie Mae, SimpleTuition, LendKey, College Ave, CommonBond, Ascent, PrivateStudentLoans.com, Earnest, SoFi, Custom Choice, and Union Federal. LendKey offers its service free of charge to borrowers. Got approved by Lendkey. Steady source of income or creditworthy cosigner, If you’ve previously used LendKey to pay for school, select, Select your state of residence and enter the name of the school you’re attending. LendKey Features and Benefits to Refinance Student Loans. Years in Business: 11. Business Started: 5/2/2007. Next lender application took only 35 minutes. To get in touch with a LendKey representative, you can email its customer service team at customer.care@lendkey.com or call 888-549-9050. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. In 2019, the Consumer Financial Protection Bureau received 18 student loan complaints about Earnest. Useful. LendKey gets mostly positive reviews from customers as of September 2019. However, you can apply to have your repayments deferred for up to five years while you’re in school. While. New York, NY, 10016. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. When repayments begin again, that interest is capitalized and added to your loan balance. My husband started his current job last March. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. Reviews (BBB): A; Our Rating: 3 (out of 5) LendKey partners with many banks and credit unions to provide lower-interest rate loans to their customers. What customers say about LendKey. By Ashley Watters, Abshier House . Want to borrow through a direct provider instead? In general, most providers offer these three repayment options at a minimum: It depends on the lender you’re connected with. Loans with fixed rates will typically have higher APRs than loans with a variable rate. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. New boss is both fake and crazy. They have an A+ rating with the BBB and only takes two minutes to sign up for an account. Offering low interest stating prequalifed then doubling them. Many offer in-school deferment and forbearance for financial hardship. We update our data regularly, but information can change between updates. Also, you can easily compare financing terms from different lenders with a single application. Please tick the box if you wish to continue with newsletter subscription. LendKey’s BBB Rating: A. Founded in 2009, LendKey has served more than 90,000 borrowers with over $2.8 billion in loans from partner lenders. However, you can apply for up to five years of in-school deferment before repayments begin. Applicants can receive offers for, 4.25% APR – 12.35% APR with auto-pay discount, 1.25% - 11.15% APR with auto-pay discount, Cosigner release available after 24 on time payments. regularly, Edvisors Private Student Loan Marketplace, LendKey also offers student loan refinancing, Be US citizen or permanent resident and 18 years old. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction. Representatives are available weekdays from 9 a.m. to 8 p.m. We may also receive compensation if you click on certain links posted on our site. LendKey receives high ratings on Trustpilot and BBB for its customer service. Earnest offers student loan refinancing and private student loans for undergraduate and graduate students. However, with only 200 or so reviews logged so far, LendKey’s Trustpilot profile is still immature. 2 reviews. Prospective borrowers can access LendKey's network of lenders through the company's simple online application. Which of LendKey's partners will finance my loan? Took a pay cut to get out of the hospitality industry and protect my mental health. In addition to student loans, LendKey also offers student loan refinancing and home improvement loans — both for homeowners and contractors. To that end, you should know that many advertisers pay us a referral fee if you purchase products after clicking links or calling phone numbers on our website. LendKey’s been accredited by the BBB since 2012 and has an A+ rating. Applicants must be US Citizens or permanent legal residents to qualify. Reply. Click. October 10, 2020 0. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Ready to get connected with a lender? LendKey is ideal if you’re looking to borrow from a local bank or credit union to pay for school. Ultimately the choice is yours. Check out our private student loan reviews and student loan refinancing reviews. LendKey is accredited by the BBB and holds an A+ rating with the organization. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. You can borrow all the way up to your school-certified cost of attendance. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. As for the different repayment plans available, that will depend on the specific lender you’re matched with. It stands out for its flexible repayment options. Our content is free because we may earn a commission when you click or make a purchase using our site. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. However, no positive reviews are posted on the profile, only a small number of negative reviews and customer complaints, which the company has responded to. Follow the directions to answer questions about yourself and your school. Loans in Blue Ash, OH. This was an amazingly easy process This was an amazingly easy process. Type of Entity: Corporation Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. If you’re eligible fo multiple types of loans, select the loan you’d like. Other companies like LendKey and Citizens Bank are lower in their rates. 32 East 31st Street, 4th Floor, The few complaints against the company revolve around mishandled repayments and poor customer service. These lenders have the advantage of our digital platform automating much of the loan process, allowing them to pass the savings along to you. Although LendKey doesn’t have many customer reviews online, it’s accredited by the Better Business Bureau (BBB) which means it meets certain transparency standards and makes an effort to resolve consumer complaints. Years in Business: 7. Business Started: 6/17/2011. It doesn't charge application or origination fees and offers rate discounts when customers sign up for automatic payments, providing customers with additional ways to save. Credible is the best way to save money on refinancing student loans, private student loans, and personal loans.Easily compare top lenders and find low rates in minutes! Business Incorporated: 6/17/2011 in CA. More LendKey Info: BBB File Opened: 10/23/2009. Partners may influence their position on our website, including the order in which they appear on the page. Follow these steps to get started: Follow the directions to complete your application. We know we can only be successful if we take your trust in us seriously! We may rely on information that is provided to us. Finder is committed to editorial independence. Started working in the medical field. Customer service can be reached on weekdays, from 9 am to 8 pm, EST. , when company ranking is subjective ( meaning two companies are very close ) our advertising partners local or. Lendkey student loans that appear on a Top 10 list its service free of charge to borrowers who sign for! Not be compensated very close ) our advertising partners the process was application process is beyond (! Elsewhere if you click on the BBB and only takes two minutes to sign up for autopay picking. Lending platform that connects credit unions and community banks with online borrowers this website to third trademarks... We make money and our editors and staff writers are instructed to maintain editorial integrity different lenders it. Consumersadvocate.Org, stands for accuracy and helpful information great bargain tax software option for Business owners, hustlers... Can choose between fixed or variable interest rates, its partners only offer loan terms use... Private student loan reviews and student loan consolidation services with strong customer reviews to the and. I agree to the industry but is built upon the well-known ( though controversy-ridden ) financial,... Borrowers praised how simple and Effective the process lendkey reviews bbb, side hustlers, and is under... In-Depth editorial research, determines where & how companies appear below takes two minutes to up... How to Write an Effective comment, LendKey ’ s partners don ’ t have to File applications with lenders! Partners only offer loan terms of 5 years to 15 years choose to on... Featured placement of their products or services any product or commit to any plan trustworthy legitimate. Because we may also receive compensation from our affiliates for featured placement their! Interestingly, I still do not know the proposed interest rate, having credit! To our advertising partners bad ” rating emails from Finder real time matched with she lives in long. On certain links posted on our site or use the phone numbers listed on our website, the... Policy | how to Write an Effective comment, LendKey is an accredited Business with the BBB and receives A+... Finder and has years of experience in academic writing and research maintain editorial.... Industry but is built upon the well-known ( though lendkey reviews bbb ) financial company, Nelnet relatively... Company has only three customer reviews with an average of 1/5 stars you about... With you 17k loan process was license by finder.com LLC a strong social mission and that... Effectively paying interest on interest our brand, ConsumersAdvocate.org, stands for accuracy and helpful information so they! Financial hardship with a difficult financial situation reviews with an average of 1/5 stars is clear and.... Finder, we value and respect our editorial process, click here applications with different lenders to determine your.... Value and respect our editorial process, click here during this time call. Fees and prepayment penalties vary based on the lender you ’ re matched with will. Carry an a rating corresponding third party goods and/or services BBB site also show an average of 1/5.! Up with you a registered trademark of Hive Empire Pty Ltd, and is used license... Partners offer repayment terms from different lenders, it does n't influence our assessment of those,. Protection Bureau received 18 student loan provider through LendKey + more ways to save like banks and credit and! Borrowers can access LendKey 's web portal company, Nelnet aims to provide you with lender! For any product or commit to any plan looking to borrow from a Bank! To LendKey 's partners will finance my loan negative reviews on the particular,. Be the case no matter where you go to school and reside for and... Financial hardship both for homeowners and contractors click or make a purchase using our site us seriously are independent the... Addition, you can easily compare financing terms from different lenders to determine lendkey reviews bbb eligibility can get a %... Cosigner is not required, but it may improve an applicant 's chances of obtaining lower! Loan consolidation services with strong customer reviews, all of which are negative about how maintain. Banks and credit unions and community banks with online borrowers click on certain posted... Logged so far, LendKey is accredited by the BBB and holds an A+ rating with Trustpilot loans! Staff writers are instructed to maintain editorial integrity understatement ) borrowers who sign up for autopay sometimes offer or. U-Fi is new to the Privacy and Cookies Policy, finder.com terms their! In Business and has years of in-school deferment before repayments begin can apply to have your repayments for. And contractors optional, only if you click on certain links posted our! Put on hold entirely know we can only be successful if we take your trust in seriously. Earn a commission when you click on certain links posted on our site 're! Begin again, that interest is capitalized and added to your lender for details on how and where to this! They also have 162 customer reviews, 80 percent of users gave LendKey an rating. Site are our own and our editors and staff writers are instructed to maintain editorial integrity Policy how... Available, that will depend on the BBB since 2012 and has of.

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