Would like to have a "just checking in" contact from LenCred for status-review or questions, as well as "next step" recommendations.
I dealt with Danny Stouffer and Tabitha Powell. They were very communicative and helpful, and got me the credit cards I needed, with one BIG caveat... From the very first conversation, I told them both that the business credit cards I was applying for could not impact my personal credit. They told me to apply for one personal card to get my overall balance down, and that that would then help me qualify for a business card. I was informed that my personal credit would be checked for the business card, but that the actual balance would not show up on my personal credit report... We applied for and got both cards, and then I pulled my credit report, and discovered, to my horror, that the business card I had been assured would not be on my personal credit report was there, and had knocked my credit rating down by 43points... again despite Danny's assurance that my score would only take a knock by around 10-15 points due to the application process. I am currently trying to connect with the representatives to figure out a solution, as I am looking to re-finance my house, and this mistake - used generously - has the potential to cost me thousands of dollars in interest payments. So positives are that I got the credit & liquidity I needed... negatives are that I was blindsided by a credit hit that I had specifically - and repeatedly - been told would not happen. I will be continuing this review on Yelp, and will keep readers informed of changes.
Terrible company, lied, lied and oh yeah they lied. Said they could obtain my number I needed and then they quit calling me and set me up with someone to pay down some debt. After obtaining me a little credit they took what they got me for their interest and oh yeah that guy who paid down some debt took his too and after that I had nothing.
The only thing we did not expect was our money to come in the form of credit cards.
I didn't get money, despite a 730 credit score. Had a hard money lender pay down my credit cards only to be left owing them 3900.00 more than the original amount on my credit cards. LenCred didn't provide anything I couldn't do on my own.
Been helpful great people wouldn't change a thing.
Comunication is excelent thru the process.
Caveat emptor. I just paid $4000 to have someone else fill out credit card apps for me.