Inbox Loan, hosted at inboxloan.com, is an online installment loan provider that helps everyday consumers receive installment loans for up to $5,000.
These installment loans can be used for a variety of financial issues such as medical emergencies, home repairs, car repairs, late fees, bounced checks and rent payments.
Functioning similar to an online payday loan service provider, Inbox Loan works with consumers who possess a less than satisfactory credit history while reflecting exceptionally high interests rates with approved and rendered loans.
To learn more regarding Inbox Loan and whether this loan servicer is optimal for you, we encourage you to continue reading our unbiased Inbox Loan review.
What does Inbox Loan Do?
Inbox Loan is an online loan servicing portal that enables U.S. consumers the ability to apply for an online installment loan.
Claiming to work with consumers with poor to excellent credit, Inbox Loan is marketed as a platform that is tailored towards everyone despite their financial history.
Those who are in need of a loan must be 21 years of age to apply, and if approved, can receive a loan amounting to as much as $5,000 as quickly as the next business day.
Who is Behind Inbox Loan?
Inbox Loan is a Native American owned business operated by Kashia Band of Pomo Indians of the Stewarts Point Rancheria, a sovereign nation located in the United States.
While the domain, inboxloan.com, appears to be first created on June 16th, 2014, the Inbox Loan loan servicing company appears to have caught the attention of the Better Business Bureau in March of 2017.
No other information regarding founders or active managers are referenced anywhere upon the site or at BBB.org.
How does Inbox Loan Work?
Inbox Loan provides an online application for consumers who are looking to apply for an installment loan.
First time lenders are able to receive a loan for up to $1,500 while returning borrowers in good standing are able to receive up to $5,000.
The application process is relatively straightforward with Inbox Loan and doesn’t take more than a few minutes to complete.
Each applicants’ credit information is verified with Clarity, DataX, Factor Trust, and Microbilt.
While consumers of all credit backgrounds are encouraged to apply, it should be noted that the better your credit score the more likely you’ll be approved.
- Must be 21 years of age
- Must be a US citizen or permanent resident
- Provide proof of active income atleast $1,000/month
- Must be able to provide working telephone and email address
- Share personal checking account information (for loan delivery method)
Those who are approved for a loan will advance to the next portion of the application process which will disclose the terms of the loan.
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|Loans up to $1,000|
|Loans up to $5,000|
|Loans up to $10,000|
If accepted, applicants must complete the loan process by electronically signing the Inbox Loan loan agreement where they will then receive their approved loan funds as soon as the next business day.
The community feedback circulating Inbox Loan is not positive nor encouraging.
According to their Better Business Bureau profile, their loan servicing platform has received a 100% negative customer review rating while amassing nearly 50 customer complaints over the past few years.
In addition, YScam and Yellowpages also report negative customer reviews.
“I have never had so much bad customer service in my life. I would not ever do business with this company. I would not refer anyone to do business with this company.”
“I took out a $500 dollar loan to pay it back in installments it cost me over $3,000 this can’t be legal”
“Took out a loan almost a year to the date. Received a phone call from True Accrod stating my loan had been refereed to them. They are a collection agency. I never received a formal notice from Inbox Loan stating they were transferring my loan to them. I never authorized for payments to stop. All of my payments were made on time. STAY AWAY FROM THIS COMPANY!”
Is Inbox Loan a Scam? – YouTube
Connecting with Inbox Loan
Inbox Loan does not provide many contact methods compared to competing platforms who are use to utilizing social media as a daily part of their life.
If you need to reach out to Inbox Loan you can call 1 (800) 930-9066, email email@example.com or send a letter to the following address:
P.O. Box 881
Santa Rosa, CA 95402
Inbox Loan Review Conclusion
Inbox Loan seems to be a totally operational and legit loan service company though we have a tendency to should impress upon you the importance of solely utilizing their service as a final resort. As community feedback can counsel, Inbox Loan charges an exponential rate of interest on approved loans upwards towards a mean of 780%. Which means that if you're approved and settle for a $500 loan, you'll find yourself paying over $3,000 and your principal if you decide on to utilize their service. While it's a matter of ethics of whether or not this kind of business model ought to be legal, sadly most day loan service suppliers like Inbox Loans resort to such measures. As we have a tendency to recommended, solely utilize Inbox Loan as a final resort and if attainable, not at all.Inbox Loans should NOT to be trusted. Click To Tweet
There are more legitimate online loan service providers, such as BadCreditLoans, you could consider.
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We invite you to leave a comment sharing your insight, opinions or experience with Inbox Loan.