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PROS:
CONS:
LoanStart has taken the role of broker seriously. Their competitors sullied the reputation of loan brokers throughout the industry with their corner cutting ways. Luckily, there’s a company like LoanStart that excels in areas where their counterparts fall short or completely steer clear of. This company is perfect for anyone who’s just barely entering into the world of loans and wants to learn the ropes. Working with LoanStart removes everything that’s intimidating about these proceedings and forges paths potential lendees can follow to get the best deal possible. Chances are high that people who use this service will want to come back when they seek a loan in the future.
Just for the slick look of its website alone LoanStart wins some major brownie points. Their website looks nothing like what we have found elsewhere in the payday loan industry. The websites associated with payday lending services are often unremarkable. It’s good to see an entity that has gone out of their way to create a good first impression. This effort should instill confidence in their service in anyone who happens to come across their polished website.
Personal Loans
LoanStart goes out of their way to point out that they’re not a lender. They’re a service who connects potential lendees with the lenders who will help them. Knowing that makes figuring out what they’re all about that much easier. Any person who fills out the forms on this website can indicate how large of a loan they want from $1,000 to $35,000. Nowhere on their site will you find a suggestion that a majority of their visitors will come away with a loan that’s far from what they wanted. On the contrary, they create the impression that anything is possible.
How it Works
The process you have to go through to use the service on LoanStart is simple. First, you need to put down how big of a loan you want. Next, you have to provide them with all the personal information they request. Once these steps are completed, the information you provided to them will be matched with all the lenders they have in their system. Sometimes no results are returned, which is a sign there’s something amiss in the background of the person who’s applying. Not everyone has the financial stability to be able to get a loan, so it’s important to stay realistic.
Calculating Rates and Fees
In order to get the most accurate rates and fees, you have to be 100% honest when you fill out the forms on LoanStart. Since they’re lacking in capabilities to look up your information and double check what you indicate, you need to do that work for them. This would require you to sort through your background to see where you stand financially. Prior to seeking out a loan, you need to have a decent working knowledge of what you need to do after you have been approved.
Responsible Lending and Marketing
When it comes to marketing and lending, LoanStart has to go out of their way to be responsible. They recognize that if they were to fall short in this regard, the confidence they've established with the public will dwindle. Companies that make it a point to dedicate themselves to preserving their integrity are admirable. You should feel confident in entrusting this company with anything that you send their way. The last thing they would want to have happen is for you to leave and use one of their competitors instead. They will do everything in their power to keep you loyal to their product.
About LoanStart
Reading the “About Us” section on the LoanStart website is more irritating than anything else. They do not give any information that would give you a better sense of the business’ back story. Instead, they formulate a generic tale that seems it’s no different from text you will find on their homepage. Trust is not something that you should give to every company just because they say you should. Something has to happen to warrant you respecting the company in question. We would like to learn more about what makes LoanStart tick. A much longer back story would go a long way toward enhancing what’s already an impeccable presentation.
Interpreting Financial Implications
Towards the bottom of LoanStart’s homepage there’s a section titled “Financial Implications.” We decided that we would highlight this section in this review because LoanStart felt like it was worthy to mention it. We had to read this section a few times over. The information contained within lead to more questions than answers. In this section, they give an example, stating “If you were to borrow a $10,000 loan with a 24-month loan term, you would have a monthly payment of up to $590.42. Your total repayment amount would be up to $14,170.08.”
Privacy Policy
Out of all the privacy policies we have come across while reviewing payday lenders, we enjoyed LoanStart’s the most. Rather than bog their customers down with mountains of legal jargon, LoanStart decided to go the easier route. They came up with a series of headings that were pertinent to the topic of privacy. Beneath these headings there are complex, yet understandable explanations of the lengths they will go to in keeping your information safe and secure. Opting out of information sharing activities is just as easy as sending an email following the registration process.
Terms and Conditions
Headings have a way of breaking up the mountains of text that are present in most documents. To clean up the look of their Terms and Conditions page, LoanStart made it a point to use headings wherever possible. Some of these headings are displayed while others are minimized. The option to expand and minimize headings in this section will allow you to focus better on the information they’re trying to convey. Terms and conditions is an underrated page that few people visit. Reading it has a way of helping visitors learn things about the business they’re observing they might not have otherwise learned.
Phone: 877-202-5174
Our editorial staff evaluates products and services independently, but Best Review Guide may earn money when you click on links. Read our advertising disclosure.
By: Tamara | Last updated May 22, 2017 
