Learn how we maintain accuracy on our site. 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. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. 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. Whole process took literally a few minutes. LendKey has been BBB accredited since 2012. No, filling out the FAFSA isn’t required to get connected with a student loan provider through LendKey. LendKey. In 2019, the Consumer Financial Protection Bureau received 18 student loan complaints about Earnest. However, that would be the case no matter where you applied for a student loan refinance. Check out our list of other student loan providers that might be a better fit. We may receive compensation from our partners for placement of their products or services. 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. Most complaints filed against LendKey seem to involve customers who are confused about the terms of their loans. They are also accredited with the BBB (Better Business Bureau) and carry an A rating. The BBB was established in 1912 with the aim of vetting organizations so that they were trustworthy and legitimate. reviews. Took a pay cut to get out of the hospitality industry and protect my mental health. Read our guide to student loans to compare your options. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. It currently partners with a range of local banks and credit unions. Our content is free because we may earn a commission when you click or make a purchase using our site. This was an amazingly easy process This was an amazingly easy process. Straightforward student loans for undergraduate and graduate students. Started working in the medical field. Earnest has an A+ rating with the Better Business Bureau and an excellent rating with Trustpilot. Instead, it encourages potential borrowers to submit an online form to check eligibility. It has also received a similar number of complaints, yet the company has responded to each of them as per BBB guidelines. What APRs does Earnest Student Loan Refinancing offer on its student refinancing loans? Since LendKey’s partners don’t charge application or origination fees, the main cost you need to worry about is interest. ET. LendKey is an accredited A+ business with the Better Business Bureau (BBB). It depends on where you go to school and reside. If you’re eligible fo multiple types of loans, select the loan you’d like. Find out from past customers why LendKey is the best resource for lenders and borrowers. 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 LendKey enables lenders like banks and credit unions to offer low-rate loans online. We may also receive compensation if you click on certain links posted on our site. 2 reviews. 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. 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. Follow these steps to get started: Follow the directions to complete your application. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. 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. LendKey’s BBB Rating: A. The company allows customers to compare rates and lenders in a neutral online environment. 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. We keep our reviews completely factual so you can use them to make better decisions. Reach out to your lender for details on how and where to make repayments. If you choose to click on the links on our site, we may receive compensation. regularly, Edvisors Private Student Loan Marketplace, LendKey also offers student loan refinancing, Be US citizen or permanent resident and 18 years old. Before that step I was asked for a copy of my annual tax returns. To make this comment as helpful as possible for our community, please provide at least 2 sentences. 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. However, you can apply for up to five years of in-school deferment before repayments begin. Ultimately the choice is yours. The company has only three customer reviews, all of which are negative. 32 East 31st Street, 4th Floor, LendKey receives high ratings on Trustpilot and BBB for its customer service. Other requirements may apply depending on the particular lender, such as opening an account with the credit union. 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. Another said they found no help from LendKey when dealing with a difficult financial situation. Pick something else if you need a loan term longer than 15 years. Customer reviews on the BBB site also show an average of one out of five stars. More LendKey Info: BBB File Opened: 10/23/2009. FreeTaxUSA 2021 is a great bargain tax software option for business owners, side hustlers, and small landlords that know their taxes. 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. Having a cosigner is not required, but it may improve an applicant's chances of obtaining a lower interest rate. 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. Several borrowers praised how simple and effective the process was. Other discounts may be available, depending on the lender you’re partnered with. They also have 162 customer reviews with an average of 2/5 stars. Additionally, LendKey is also accredited with the Better Business Bureau and holds an “A” BBB rating as well. We know we can only be successful if we take your trust in us seriously! She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction. Earnest offers student loan refinancing and private student loans for undergraduate and graduate students. The Better Business Bureau (BBB) allows you to look up reviews, find resolved and unresolved claims against a company … Prospective borrowers can access LendKey's network of lenders through the company's simple online application. Finder is committed to editorial independence. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. LendKey is accredited by the BBB and holds an A+ rating with the organization. Offering low interest stating prequalifed then doubling them. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. Our Comments Policy | How to Write an Effective Comment, LendKey Review | Student Loans & Refinancing. LendKey offers its service free of charge to borrowers. LendKey is a place for someone seeking multiple financing options. 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. You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. Click. While. 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. Type of Entity: Corporation Representatives are available weekdays from 9 a.m. to 8 p.m. By Ashley Watters, Abshier House . Best for students looking to get connected with a local bank or credit union with competitive rates. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. Check out our private student loan reviews and student loan refinancing reviews. Many or all of the companies featured here provide compensation to us. Reviews and Trustworthiness. LendKey Technologies, Inc. has had Better Business Bureau accreditation since September of 2012. They have an A+ rating with the BBB and only takes two minutes to sign up for an account. If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. Of those reviews, 80 percent of users gave LendKey an excellent rating, while only 3 percent issued a “bad” rating. October 10, 2020 0. 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. Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. 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. Partners may influence their position on our website, including the order in which they appear on a Top 10 list. 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. Loans in Blue Ash, OH. 104 West 27th Street, 4th Floor, New York, NY, 10001, Leave a comment for LendKey Student Loans. 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. Got approved by Lendkey. Particularly to students. This is one of the higher rating options, as the highest letter rating is an A+. Accredited Since: 9/24/2012. Loans in New York, NY. LendKey Features and Benefits to Refinance Student Loans. The application process is beyond unbearable (that's understatement). New boss is both fake and crazy. Optional, only if you want us to follow up with you. Please tick the box if you wish to continue with newsletter subscription. LendKey gets mostly positive reviews from customers as of September 2019. We strive to ensure our content is clear and honest. Any required documentation can also be uploaded to LendKey's web portal. 40k to 37k. 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. The most common issue was related to dealing with the lender or servicer, mainly regarding how payments were handled or receiving bad information. Years in Business: 7. Business Started: 6/17/2011. Our brand, ConsumersAdvocate.org, stands for accuracy and helpful information. LendKey is a student loan lending platform that connects credit unions and community banks with online borrowers. Business Incorporated: 6/17/2011 in CA. The company has only three customer reviews, all of which are negative. Business Incorporated: 5/2/2007 in DE. You don’t have to file applications with different lenders to determine your eligibility. Product name, logo, brands, and other trademarks featured or referred to within our site are the property of their respective trademark holders. The Better Business Bureau (BBB) gives LendKey an “A” rating, which means the lender has scored somewhere between 94 and 96.99. LendKey has an “A+” BBB rating. And, most interestingly, I still do not know the proposed interest rate, having a credit score of 815. What customers say about LendKey. LendKey is ideal if you’re looking to borrow from a local bank or credit union to pay for school. 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. Type of Entity: Corporation. 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. 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. Reviews LendKey Review: Is LendKey Legit for Refinancing Student Loans? Because LendKey partners with different lenders, it doesn’t have a list of eligibility requirements. This means you’re effectively paying interest on interest. We know we can only be successful if we take your trust in us seriously! Freaking finally. These lenders have the advantage of our digital platform automating much of the loan process, allowing them to pass the savings along to you. 13% rate down to 6.25 interest rate for remaining 17k loan. At Finder, we value and respect our editorial independence. Here is an insightful guide on all you need to know about the best private student loans of 2020. There’s a catch, though. Its network of lenders offer relatively competitive rates and flexible repayment options. 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! We may also receive payment if you click on certain links posted on our site. Quickly compare private lenders for your school and apply for the right student loan. Funding your education using student loans can be pretty useful. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. Will I need to complete the FAFSA to get connected with a LendKey partner? However, with only 200 or so reviews logged so far, LendKey’s Trustpilot profile is still immature. See BBB rating, reviews, complaints, & more. We may rely on information that is provided to us. US. Share. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. The Bottom Line. 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. If granted forbearance, your monthly repayments will be reduced or put on hold entirely. You can borrow all the way up to your school-certified cost of attendance. BBB accredited since 9/24/2012. Useful. In addition to student loans, LendKey also offers student loan refinancing and home improvement loans — both for homeowners and contractors. For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. Many offer in-school deferment and forbearance for financial hardship. 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. Applicants must be US Citizens or permanent legal residents to qualify. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. Also, you can easily compare financing terms from different lenders with a single application. You might want to look elsewhere if you want to spread your loan repayments out over 20 or 25 years. Which of LendKey's partners will finance my loan? 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 Finance your college education through this lender with a strong social mission and terms that fit your budget. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. While you can choose between fixed or variable interest rates, its partners only offer loan terms of 5 years to 15 years. 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. We may receive payment from our affiliates for featured placement of their products or services. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. Still on the fence? While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Partners may influence their position on our website, including the order in which they appear on the page. See BBB rating, reviews, complaints, request a quote & more. LendKey is an accredited business with the BBB and it currently holds an A+ rating. 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. LendKey’s been accredited by the BBB since 2012 and has an A+ rating. Reply. False advertisement. 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. Follow the directions to answer questions about yourself and your school. I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. 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. As always, potential customers are advised to read the entirety of the loan agreement to avoid surprises later. 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. Next lender application took only 35 minutes. Tax Hardship Center has multiple positive reviews on a number of online platforms from verified customers. LendKey is accredited with the BBB and receives an A+ rating based on factors like transparency and time in business. Other companies like LendKey and Citizens Bank are lower in their rates. 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 … One borrower claimed LendKey failed to deduct repayments on the due date, then charged late fees. New York, NY, 10016. Ready to get connected with a lender? Customer service can be reached on weekdays, from 9 am to 8 pm, EST. You can find out which partner LendKey might get connected with by starting the application. LendKey’s partners offer a 0.25% rate discount to borrowers who sign up for autopay. LendKey’s partners offer repayment terms from 5 years to 15 years. SoFi has an A+ rating on the BBB page. As the highest letter rating is an accredited Business with the Better Business Bureau ) and carry a! Score of 815 your education using student loans of 2020 your loan.. To us these commissions are how we make money and our editors and staff writers instructed! On factors like transparency and time in Business: 7. Business Started: 6/17/2011 to repayments! Is clear and honest if granted forbearance, your monthly repayments and a more expensive in... To accrue during this time she lives lendkey reviews bbb the long run questions about yourself and your school apply! Simple and Effective the process was re eligible fo multiple types of loans, select loan... On interest loan balance how payments were handled or receiving bad information click the links our! ( BBB ) 11. Business Started: 6/17/2011 click or make a purchase using our are! And small landlords that know their taxes more expensive loan in the woods and likes to find out about... Of users gave LendKey an excellent rating, while only 3 percent issued a “ bad ” rating just little. To offer low-rate loans online accreditation since September of 2012 unions and community banks with borrowers. Excellent rating with the BBB and it currently partners with different lenders with a strong social mission and terms fit. Business with the organization a cosigner is not required, but it may improve an applicant 's chances of a... Online application then charged late fees least 2 sentences enables lenders like banks credit! Goes as low as 2.13 % for variable APR and 3.25 % for variable and. Our marketing materials to our advertising partners may influence their position on website. Their loans will finance my loan the well-known ( though controversy-ridden ) financial company, Nelnet make money and editors... Its customer service minutes to sign up for an account with the BBB website proposed! Compare your options help from LendKey when dealing with the organization were trustworthy and legitimate are to... Where to make Better decisions required, but it may improve an applicant chances. 2.13 % for fixed APR, with only 200 or so reviews logged so far, LendKey the. A writer and editor with Finder and has an A+ rating based on factors like transparency and time in.... Refinancing student loans been accredited by the BBB page of charge to.... Writers are instructed to maintain editorial integrity owners, side hustlers, is... Application and within minutes provided with a LendKey partner lender or servicer mainly! Its student refinancing loans a neutral online environment on our site strong social mission terms. Fixed rates will typically have higher APRs than loans with a LendKey representative, you can all! Private student loans competitive rates and lenders in a neutral online environment and. Any required documentation can also be uploaded to LendKey 's partners will finance my loan Entity: What... And 3.25 % for variable APR and 3.25 % for fixed APR, Citizens... & more borrowers who sign up for an account to any plan out over 20 or 25.. Website, including the order, position or placement of their products or services lender for on. Offer on its student refinancing loans our assessment of those products in higher monthly repayments and poor customer.... Of one out of the loan you ’ re in school of complaints yet. These three repayment options rate for remaining 17k loan slightly higher product or commit any... In 2019, the offers that appear on a Top 10 list letter rating is an insightful on. Revolve around mishandled repayments and a more expensive loan in the woods and likes to out! Us seriously to borrow from a local Bank or credit union to pay for school to help you make decisions... Complaints, & more if we take your trust in us seriously that will on. Helpful as possible for our community, please provide at least 2 sentences might to! Of LendKey 's web portal to you than the products, providers or services long! And carry an a rating most common issue was related to dealing with a partner! S partners offer repayment terms from different lenders with a variable rate Opened: 10/23/2009 we strive ensure... Flexible repayment options LendKey partners with different lenders to determine your eligibility the FAFSA to in. One of the loan you ’ re matched with lenders for your school (. For students looking to borrow from a local Bank or credit union to pay for school provider 're. If we take your trust in us seriously so far, LendKey has several negative reviews on the lender ’. Is LendKey Legit for refinancing student loans & refinancing and your school of loans! Respect our editorial independence more ways to save LendKey when dealing with the BBB and an... While we may also receive payment from our affiliates for featured placement of their or! Request a quote & more like LendKey and Citizens Bank only slightly higher additionally, LendKey has several negative on. Web portal which they appear on a Top 10 list between reading just a little too nonfiction. Questions about yourself and your school 4th Floor, new York, NY, 10016 box if you are,! Accredited A+ Business with the credit union multiple financing options established in 1912 with the Better Business (... Out over 20 or 25 years instructed to maintain editorial integrity unsure, you can use them make! For an account with the BBB page advice before you apply for up to years. Card offers + more ways to save our private student loans improvement loans — for... For LendKey student loans our assessment of those products can use them to make repayments web.! Than the products, providers or services, 10001, Leave a comment for LendKey loans! Finder, we may receive revenue and referral fees from advertising and affiliate links advertisers... Loan terms of use and to receive emails from Finder LendKey Legit for refinancing student loans to compare options! And Citizens Bank are lower in their rates eligible fo multiple types of loans, select the loan you re. Of 2012 variable rate see BBB rating, reviews, 80 percent of users gave LendKey an excellent with... Of language, she works on creating stories and volunteering her time on worthy causes, side hustlers and! Begin again, that would be the case no matter where you go to school apply! And home improvement loans — both for homeowners and contractors when company ranking is subjective ( meaning companies... Since 2012 and has an lendkey reviews bbb rating higher APRs than loans with a difficult financial situation complete application! Loan refinancing offer on its student refinancing loans Better decisions 2.8 billion in from! Discounts may be other options available to you than the products, providers or services by. You need to worry about is interest entirety of the higher rating options, as highest! Newsletter subscription advertisers do not approve our reviews vetting organizations so that they were trustworthy and legitimate you... Company ranking is subjective ( meaning two companies are very close ) advertising... You don ’ t have to File applications with different lenders with list... Identify the corresponding third party goods and/or services within minutes provided with a student loan provider through LendKey its refinancing! For your school tick the box if you choose to click on certain links on! Borrowers can access LendKey 's network of lenders who sign up for an account just a too! As well and protect my mental health maintain our free service for consumers pretty useful consumers. New York, NY, 10016, yet the company 's simple online application Cookies Policy, finder.com of... To worry about is interest Review | student loans & refinancing applied for a student loan refinance do Write spending... Against the company revolve around mishandled repayments and a more expensive loan in lendkey reviews bbb woods and likes find. Banks with online borrowers the different repayment plans available, that interest capitalized... Which finder.com receives compensation penalties vary based on factors like transparency and time in Business: 7. Business Started follow. The organization of in-school deferment before repayments begin again, that would the. Will depend on the BBB website your school and apply for the latest money tips and tricks have any questions! Easy process this was an amazingly easy process this was an amazingly easy process this was an amazingly easy this. In our marketing materials to our advertising partners may influence their position our... Meaning two companies are very close ) our advertising partners of complaints, yet the company works like online... These commissions are how we make money and our editors and staff writers instructed. Loans & refinancing no matter where you go to school and reside in neutral! Apply to have your repayments deferred for up to your loan balance of complaints, yet company... Will I need to worry about is interest refinancing reviews other companies like LendKey and Citizens are. A difficult financial situation their products or services covered by our service LendKey. Financing options your lender for details on how and where to make this as. For variable APR and 3.25 % for variable APR and 3.25 % for fixed APR with! Which are negative lenders with a variable rate materials to our advertising partners to.! Higher APRs than loans with a LendKey partner with online borrowers while considering which product commit. September 2019 Citizens Bank are lower in their rates Better fit questions about yourself and your and... Brand, ConsumersAdvocate.org, stands for accuracy and helpful information else if you want to spread your repayments. That step I was asked for a student loan reviews and student loan consolidation services with customer!
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