LenCred

LenCred

Overall satisfaction rating
Based on 22 verified consumer reviews
  • Speed

     
  • Process

     
  • Communication

     
  • Transparency

     

About this Lender

Access in unsecured business lines of credit, small business loans, and other working capital solutions. Apply for business credit online in 5 minutes.

Loan products offered

Business Credit Card

Business Credit Card

A credit card with a set limit than can be used when needed.

Learn more
Self-serve Business Credit Card

Self-serve Business Credit Card

A credit card with a set limit than can be used when needed.

Learn more

Customer Reviews (22 Reviews)

Credit score took a significant hit, despite assurances otherwise


1 out of 5
Recommended: No
Verified Borrower

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.

Speed: A+
Process: F
Communication: F
Transparency: F
- 8 months ago

2 out of 5
Recommended: No
Verified Borrower
Speed: C
Process: C
Communication: D-
Transparency: D-
- over 1 year ago

Bad deal


1 out of 5
Recommended: Yes
Verified Borrower

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.

Speed: F
Process: D-
Communication: F
Transparency: F
- almost 2 years ago

Great company


4 out of 5
Recommended: Yes
Verified Borrower

The only thing we did not expect was our money to come in the form of credit cards.

Speed: A+
Process: A+
Communication: A+
Transparency: B+
- almost 2 years ago

Didnt get money


1 out of 5
Recommended: Yes
Verified Borrower

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.

Speed: F
Process: C
Communication: A+
Transparency: C
- about 2 years ago

Review


5 out of 5
Recommended: Yes
Verified Borrower

Been helpful great people wouldn't change a thing.

Speed: A+
Process: A+
Communication: A+
Transparency: A+
- about 2 years ago

1 out of 5
Recommended: Yes
Verified Borrower
Speed: D-
Process: D-
Communication: D-
Transparency: D-
- about 2 years ago

Satisfied


3 out of 5
Recommended: Yes
Verified Borrower

satisfied customer

Speed: B+
Process: B+
Communication: A+
Transparency: B+
- about 2 years ago

Nice people


5 out of 5
Recommended: Yes
Verified Borrower

Comunication is excelent thru the process.

Speed: A+
Process: A+
Communication: A+
Transparency: A+
- about 2 years ago

5 out of 5
Recommended: Yes
Verified Borrower
Speed: A+
Process: A+
Communication: A+
Transparency: A+
- about 2 years ago

Nope


1 out of 5
Recommended: Yes
Verified Borrower

Caveat emptor. I just paid $4000 to have someone else fill out credit card apps for me.

Speed: C
Process: C
Communication: B+
Transparency: C
- about 2 years ago

5 out of 5
Recommended: Yes
Verified Borrower
Speed: A+
Process: A+
Communication: A+
Transparency: A+
- about 2 years ago

5 out of 5
Recommended: Yes
Verified Borrower
Speed: A+
Process: A+
Communication: A+
Transparency: A+
- about 2 years ago

5 out of 5
Recommended: Yes
Verified Borrower
Speed: B+
Process: A+
Communication: A+
Transparency: B+
- about 2 years ago

5 out of 5
Recommended: Yes
Verified Borrower
Speed: A+
Process: A+
Communication: A+
Transparency: A+
- about 2 years ago

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