In today’s generation, getting a loan can be difficult, especially if you do not have an established credit history. Fortunately, there are alternative lending platforms available online that cater to people who are struggling with their finances, such as Credit Cube.
Credit Cube, a short-term loan provider, has been around since 2013. Its website states that it has served over 2.5 million customers and has issued over $1 billion in loans. But how reliable is this online lending platform? In this blog post, we will dive into Credit Cube reviews and uncover the truth about its services.
Firstly, Credit Cube provides loans ranging from $250 to $5,000, which are scheduled to be repaid within three to 36 months. The interest rates range from 34% to 199%, depending on the borrower’s credit score and credit history. Although the interest rates may seem high, it is common for short-term loans to have higher interest rates than traditional loans.
According to customers, Credit Cube’s application process is straightforward and can be completed within minutes. Borrowers are required to provide personal information, financial history, and employment details. Credit Cube will then verify the information and provide a loan decision within a few hours.
Furthermore, Credit Cube claims to provide next-day funding. After approval, the loan amount will be transferred to the borrower’s bank account, usually the next business day. However, some customers reported that it took more than a day to receive the funds, which may be due to the bank’s processing time.
In terms of customer service, Credit Cube has mixed reviews. Some customers reported having a positive experience with customer representatives, who were helpful and responsive. However, some customers claimed that they did not receive any response when they contacted customer service. It is important to note that in the lending industry, customer service is crucial, especially when borrowers encounter financial difficulties.
Lastly, Credit Cube has a mobile app that makes it easier for customers to manage their loans. Borrowers can check their balance, make payments, and view their payment history through the app. The app is available for both iOS and Android users and can be downloaded for free.
Conclusion:
Credit Cube has its pros and cons, like any other lending platform. Based on Credit Cube reviews, the platform seems to be legitimate and reliable. Its straightforward application process and fast funding can be advantageous for borrowers who are in need of quick cash. However, the high interest rates and mixed customer service reviews may pose a risk to some borrowers.
Ultimately, borrowers should always do their research and carefully consider their financial situation before applying for any loan. High-interest loans should only be taken as a last resort. It is recommended to compare lenders and review their terms and conditions before applying.
