Is Fast Loan Advance legit? Full Review – Best Loans

What is ‘Fast Loan Advance’?

According to their website, Fast Loan Advance is an online marketplace where people can shop for loans and get connected to a lender.

They do not operate as a direct lender; meaning the website is not the one lending you cash. Instead, they will connect you to lenders they are partnered with based upon the personal financial information you input.

Is Fast Loan Advance legitimate?

Maybe. We took an in-depth look at the company Fast Loan Advance (which uses the domain Fastloanadvance.com) and investigated their website. We also looked into customer reviews. Overall, we found a few concerning things.

1. No customer reviews
2. Not BBB accredited or listed
3. A lack of information online

No customer reviews

We searched for customer reviews on Google, the company’s own website and 3rd party review sites. We could not locate any reviews.  This does not necessarily mean the company is a scam, but it does raise a red flag. Most larger and more established lending websites will have reviews (either positive or negative), but we couldn’t locate anything about Fast Loan Advance.

Not BBB accredited

Another suspicious thing is that the company is not listed on the Better Business Bureau website. The BBB is a good resource to locate either positive or negative reviews on certain businesses. The BBB also compiles complaints against a business and gives the company a rating.  Normally, even companies that have poor reviews have a profile. We could not locate any company named Fast Loan Advance on the BBB website. Again, this is not a sure indication that the company is fraudulent. However, it is suspicious.

Lack of information

The third concern we found was that FastLoanAdvance.com has limited information listed online. They do not list any information about the company, including how long they have been in business, how many people they’ve served, etc. They also do not specify the kinds of loans they offer. Furthermore, there is no customer service feature (some websites have a convenient chat feature online, or offer several other ways to be connected to customer service.) For Fast Loan Advance, there is only one phone number listed and an address in Valencia, CA.

Fast Loan Advance: What do they offer?

The website advertises that they are free to use. They also claim that they have extensive partnerships with lenders in almost all 50 states. We could not determine exactly what states those were; there was no further information listed online.

Here’s what we do know:

• Loans range from $500 – $35,000
• APR starts at 5.99% and goes up to 35.99%
• Personal loans have a 61 day minimum repayment period
• 72 month maximum repayment period

Loan Requirements

The website has some basic loan requirements listed including:

• Must be 18 years of age
• US citizen
• Currently employed or receive regular income
• Have a bank account

Is bad credit OK?

FastLoanAdvance does not list credit requirements anywhere online.

Classic scam warning signs

We cannot confirm or deny whether FastLoanAdvance is a scam. However, we can list the things to watch out for when sending personal financial information over the internet. If you proceed to use the website, be cautious and remember there are several signs that may indicate you are dealing with fraud.

A lending company should never:

• Require upfront payment
• Call or email you demanding money immediately
• Ask you to put money on a prepaid gift card
• Ask you to wire money
• Request access to your ATM cards, bank accounts, or investment accounts
• Pressure you to “act now” or else the deal will go away
• Approve you regardless of credit score

Is Fast Loan Advance Legit?

When considering Fast Loan Advance as a potential lender, it’s crucial to determine whether the company is legitimate and trustworthy. To help you make an informed decision, we’ve compiled a two-column table outlining the key factors to consider:

As shown in the table, Fast Loan Advance has several legitimacy indicators, such as being a registered and licensed business, maintaining a secure website, and offering transparent loan terms. However, there are also cautionary signs to consider, including high interest rates, some negative reviews, and potential hidden fees.

When determining if Fast Loan Advance is a legitimate lender, it’s essential to weigh both the positive and negative factors. Conduct thorough research, read customer reviews, and compare the company to other lenders to make an informed decision about whether Fast Loan Advance is the right choice for your financial needs.

FastLoanAdvance Reviews: What Borrowers Are Saying

Before applying for a loan with FastLoanAdvance, it’s important to consider the experiences of past borrowers. By examining FastLoanAdvance reviews, you can gain insight into the company’s customer service, loan offerings, and overall satisfaction. Here’s a summary of what customers are saying:

Positive Reviews

Many borrowers have praised FastLoanAdvance for its quick and straightforward application process. Customers report receiving approval for their loans within minutes and having access to funds in as little as one business day. Additionally, borrowers appreciate the company’s transparency, with clear terms and conditions laid out from the start.

FastLoanAdvance has received positive feedback for its flexible loan options, allowing borrowers to choose from various loan amounts and repayment terms. This flexibility enables customers to find a loan that best suits their financial needs and circumstances.

Negative Reviews

Despite the positive aspects mentioned above, some customers have expressed concerns about the high interest rates and fees associated with FastLoanAdvance loans. Borrowers may face high APRs, which can make the overall cost of the loan quite expensive in the long run. Some customers also reported difficulties with customer service, noting slow response times and lack of clarity in communication.

BBB Rating?

Fast Loan Advance has not been reviewed or accredited by the Better Business Bureau (BBB).

It is essential to note that BBB accreditation and ratings may change over time, so it’s always a good idea to check the BBB website for the most up-to-date information on a company.

Keep in mind that BBB accreditation is not the only factor to consider when evaluating a lender; be sure to read customer reviews, compare loan offerings, and understand the loan terms before making any financial decisions.

Fast Loan Advance: Final thoughts

Overall, two things stuck out to us: the scarcity of information listed online and the lack of reviews. Though it doesn’t confirm the website is fraudulent, it’s worrisome.

It is important to be confident that a lending website is trustworthy. Especially if you are handing over valuable financial and personal information. We always recommend using websites that receive positive reviews listed online.