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- 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
Payoff Personal Loans Review
7 Customer Comments & Reviews - see all comments
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Payoff is a company focused on helping people achieve financial wellness. The company works with First Electronic Bank, an FDIC insured Utah-chartered industrial bank to originate loans.
Its team of data scientists, research and clinical psychologists, finance services professionals, technology experts and Member Advocates all work to help and educate people on how to achieve their financial goals.
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7 Customer Comments & Reviews
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Payoff loans is horrible! After receiving an offer (pre-approval) for a debt consolidation loan, I proceeded to apply. I was approved and given a rate after putting in my offer information. I received a rate and then selected a dollar amount; now I was in the application process. Payoff requested my income verification information along with my banking statements - all of which I provided. I had excellent credit score. After providing all of my information, I stopped hearing back from Payoff. When the verification process was taking place, I received emails, keeping me abreast of what they needed next. After not hearing from them, I phoned to check the status of my application.... Read More
This company is a joke! They waste your time take for ever to process then told me they couldn't validate my income. I gave them a BANK STATEMENT! It was right there in black and white! Then when I call and try to tell them they must have made a mistake they told me there isn't anything they can do about it! Decision has been made! If the reason they gave was completely incorrect you would THINK they would want to make it right! But no, they acted as if they just didn't give a damn. It took them 10 DAYS to do this and then the ONLY reason for a denial was a flat out lie. Not sure how they are in business. Do yourself a favor and don't waste your time and effort sending them all your... Read More
Monthly payments are automatically deducted from my bank account, easy pasy - until you want to change the amount of your payment so that you pay down the loan faster. You cannot. You cannot pay extra, unless you are paying the exact amount of your normal payment. So if your payment is $300 a month, you cannot add an extra $100 to it or make a separate $100 payment through the website.
It is designed to keep you in dept for as long as possible to maximize the interest they earn. If you are going to do this, switch to manual pay through your bank. That way, you can pay extra and pay down your loan faster.
Worst company ever they will change rates on you even after you are approved . They also lack in customer service Peter , Aaron and also Scott will never call you back after you leave them messages . They sent me an email saying they couldn’t move on further becuase they couldn’t verify my identity, don’t you think it’s there job to call to request additional information? They request everything and I provided it to them .
If you call the company no supervisor or manger is ever available and none of the reps will help you and keep you on hold for hours .
Stay free and clear of this company don’t waste your time please
Nayana d
Very good company
I love it . ther r awesome
Wow, love the application process with Payoff, so simple and easy.
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