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Guide to Lenders Personal Loans Review

6 Customer Comments & Reviews - see all comments
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Guide to Lenders is an online lending marketplace that makes getting a personal loan easier and cheaper by providing an online application portal and partnering with investors (lenders) to find the best rates. Applicants of all credit score levels are be able to look through numerous offers based on their credit after filling in a simple form.
 
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How is Guide to Lenders rated?

Breakdown

0.0/5
Flexibility
0.0/5
Interest Rates
0.0/5
Discounts & Fees
0.0/5
Customer Service and Reputation

Overall Rating: 3.2 / 5 (Very good)

Guide to Lenders is an excellent choice for personal loans. Its peer-to-peer marketplace setup makes it ideal for personal loan shoppers searching for lower interest rates. Multiple investors or lenders compete for your business which in turn forces them to offer better rates. High loan limits make it possible for lenders to maximize the value of their loans. The money you receive can be used for debt consolidation, home improvement, education, or even for buying a car. The ability to choose from competing personal loan providers coupled with higher loan limits makes Guide to Lenders one of our top choices for personal loan services.

Guide to Lenders Loan Specifics

Loan Specifics - 4 / 5

Guide to Lenders does not offer loans themselves. Instead, they advertise short-term personal loans from direct lenders for as much as $40,000, and as little as $1,000 for those with poor credit scores. The way it works is prospective borrowers are categorized according to their credit scores. Those with excellent credit scores (720+) are eligible for the maximum loanable amount of $40,000, and are also the best candidates for the lowest interest rates. Applying for a loan takes as little as a few minutes. If you quality, you can get loan proposals, choose the best personal loan offer, and then get the money by the following banking day. Guide to Lenders fast tracks your personal loan application and lets you enjoy the most competitive interest rates.

Loan Uses

Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
Taxes
Loan Minimum
$1,000.00
Loan Maximum
$40,000
Term Length
61 days to 180 months

Representative Loan Sample

Example: assuming a loan of $10,000 over 60 months at a fixed rate of 3.1% per annum and fees of $60.00. This would result in a representative rate of 3.3% APR, with monthly repayments of $180.80, for a total amount paid of $10,848.00.

Guide to Lenders Qualification

Qualifications & Flexibility - 4 / 5

Guide to Lenders requires applicants to be U.S. citizens and takes their personal income into account when looking up loan offers. Because they do not extend loan offers themselves, any other requirement or limitations to applying for a loan depend on the independent lender a customer chooses.
Personal Income Considered
Yes
U.S. Citizen
Yes
Hard Credit Pull
No

Guide to Lenders Cost of Loan

Costs, Interest Rates, Discounts & Fees - 4.5 / 5

Guide to Lenders features loan offers from direct lenders in the 4.99 to 35.99% range. The kind of fees or penalties they may have to pay will vary form lender to lender, since Guide to Lenders only facilitates communication between both parties (lender and borrower).
APR Range
4.99 to 35.99%

Guide to Lenders Reputation

Customer Service and Reputation - 3.5 / 5

Guide to Lenders was founded in 2005, and is not accredited with the BBB. Although their rating there is an F, this is only the result of 2 customer complaints not being answered: one without any explanation whatsoever, and the other a customer who got confused while looking for another page. Their Trustpilot score is an average 6.4.
Type of Institution
Peer to Peer
Marketplace
Year Founded
2005
BBB Rating
F
Number of BBB Positive Reviews
0
Number of BBB Negative Reviews
0
Trust Pilot Rating
6.4 out of 5
Consumer Financial Protection Board (CFPB) Complaints
0
Date Collected
2018-03-09
Headquarters Address
950 Tower Lane, 6th Floor, Foster City, CA, 94404
Homepage URL
https://www.guidetolenders.com/

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6 Customer Comments & Reviews

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loganlepsch9
8/20/2019
After working my butt off over a year and a half on my what was a successful credit rebuild a guide to lenders messed it all up completely in a whole 5 minutes after being so proud of myself feeling accomplished hitting a 620 credit score finally was looking for my best option to get a small personal loan to get everything ready for my new born daughter and much needed car repairs the only information there website gave me was saying they'd give me pre qualified options but without my consent or permission they went ahead took my info and applied for 5 separate loans at one time unbelievably knocking my credit score down a whopping 110 points just like that throwing my year and a half of... Read More

Marsha G
1/29/2019
I done everything they said and then before they would transfer the money they wanted me to send them more money in gift cards. I told them I had no more money to send until they sent me my money and then I would send what they wanted. So I am out 150.00 plus a bank account in the negative. To me this is a scam. I didn't think you should have to send money to get money.

P
Pat
12/14/2018
I was approved for a $1000 personal loan. Was told I could go higher so I chose $2000. Loan couldn't be processed on the same day because of "banking hours". Paperwork was sent to my email for the loan. They called back the next day to advise me that loan would be deposited in an hour, however, I first had to go to either a drug store or a store like Walmart and get a verification card in the amount of my first payment and "hold onto the card". Representative told me to go in the next 10 minutes and call him from the store and he would walk me through the process. Of course I didn't and hung up on him.

B
Bryan Z
2/9/2018
I’m having a similar experience to Gary. Has anyone actually received a loan through these people?

G
Gary
1/13/2018
A very bad choice...I was told there would not be Any up front cost..I paid interstate tax fee, insurance,doc fees and still have not received my loan...my lawyer will be in touch with them soon...

Lydia P
12/20/2016
Run around

Top Rated
Our Partner
  • Get personalized pre-qualified rates from multiple lenders.
  • 2 Minute Process
  • Loans from $600 - $200,000 
  • Rates from  6.94% - 35.99% APR
  • Loan terms of 1 - 7 years.
  • Rated A+ by the BBB
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