Simple Fast Loans Reviews

We all try our best to keep track of our finances, but there will always be times when we need more money.

Be it an unforeseen disaster, or an unexpected bill, being short on cash is something everybody goes through, but that doesn’t stop it being stressful. 

In these circumstances, there can sometimes be no choice but to take out a loan, which can be difficult in itself without a solid credit rating.

Simple Fast Loans, is a US company that offers exactly what their name suggests, hassle-free loans that are transferred to your account in less than a day.

On the surface, this may sound way too good to be true, which is probably why you now find yourself reading this article.

Today we will be taking a look at Simple Fast Loans and giving you the low down on the services they provide as well as whether they are a scam or a legitimate business. 


Simple Fast Loans

Who Are Simple Fast Loans?

Simple Fast Loans, is one of the trading names of the company Loans 2 Go LTD. This business was established over 20 years ago and offers a range of money lending services.

The main goal of Simple Fast Loans is to offer loans with flexible terms that don’t leave customers caught out by hidden fees.

They aim to achieve 100% customer satisfaction, and as such pride themselves on working closely with their customers to offer agreements that work for everybody.

Simple Fast Loans is a direct lender and not a broker, which means that you won’t be charged any hidden fees when applying for a loan.

Are They A Legitimate Business?

This company has not been accredited by the Better Business Bureau, and currently has an F- rating. While this doesn’t mean they are definitely a scam, it does indicate certain issues with their service that have gone unaddressed by the company.

Scamadvisor has stated that Simple Fast Loans is a legitimate business, although their customer reviews are mixed at best.

Overall this company seems to hold true to their promise of proving manageable and accessible loans, however there are several dubious aspects to their services which we will cover later on in this review.

Where Do They Operate?

Simple Fast Loans offer their services to a select number of no more than 10 states. As such, the number of people who can borrow from them is quite limited.

If you don’t live in one of these areas, then you will have no choice but to choose another company for taking out your loan. Below is a list of states that Simple Fast Loans operates in:

  • Delaware
  • Idaho
  • Mississippi
  • Missouri
  • Nevada
  • New Mexico
  • South Carolina
  • Texas
  • Utah
  • Wisconsin

How Easy Is It To Get A Loan?

Simple Fast Loans, offer loans from anywhere between $200 to $3,000. Before you can get any money, you will need to fill out the application form on their website.

The questions on this form will ask for your personal, employment and bank details, and you will need to provide all of this information before you know how much money you can borrow.

The company prides themselves on offering fast decisions on every application, and in most cases you will get an answer in under a few minutes.

The amount you are offered by the company may be different to the amount you originally asked for, depending on the details of your application.

Those with poor credit rating are free to apply and take out loans, however they may not be able to borrow as much as somebody with a higher rating.

Simple Fast Loan will aim to offer you an amount that will help with your financial situation, but won’t leave you in a position where you are unable to pay it back.

Their customer service team is always available to talk you through your options and offer help where necessary. 

Once you have chosen and agreed to an offer, you can expect the money to be in your account within a single working day.

Do Simple Fast Loans Charge Interest?

Simple Fast Loans charge interest rates on all the money they lend, and unfortunately you won’t know the exact rate and APR for your loan until you have submitted an application.

This means there is no way of finding out how much you will have to pay back for borrowing a certain amount until you have provided your personal details.

This is certainly less than ideal, and some reviews have indicated that Simple Fast Loans charge reasonably high interest rates on all of their loans.

It should also be noted that the interest you have to pay on your loan will also be decided by any relevant laws in the state where you live.

While this may seem disheartening, many other loan companies will also charge high interest, and most of them won’t lend money to those with poor credit rating.

Simple Fast Loans will accept applications from those with poor credit, so the issue is not that they charge interest, but more that they aren't upfront about their rates.

Once you have received an offer for a loan from this company, always pay close attention to the monthly rate and APR before accepting to make sure you don’t borrow more than you can pay back.

How Easy Is It To Pay Back Your Loan?

Now that we have covered the companies interest rates, let go into more detail about the process of repaying your loan.

Simple Fast Loans are happy to set up calls with customers to discuss repayment options. They will often agree for you to pay back your loan in monthly installments at a fixed annual interest rate.

This offers some degree of flexibility and should help to make paying back the money you owe much more manageable.

However, if you want to pay back part of your loan, or even the whole thing, early, then you will be allowed to do so without incurring any fees.

Special Offers

You may have first heard of Simple Fast Loans from their mail advertisements. The company typically sends out free discount codes in the post and if you have received one then you can use it to get a better deal.

To use your code, you will need to enter it in the relevant section of the application process. Not only can this give you a better deal, but it can also make applying for a loan even faster than it already is.

Customer Reviews

Many of the recent customer reviews for Simple Fast Loans are very positive. There are many satisfied customers who received their loans quickly and without hassle.

Some negative comments are simply from those who did not receive their money, and the company always seems very quick to reply to these issues when they arise.

As we have mentioned before, Simple Fast Loans have high interest rates, which have led to a few poor reviews from disgruntled customers.

All in all, though, the reviews for this company highlight not only its legitimacy, but also their commitment to offering sterling customer service.

Pros

  • You only need to fill out one form to apply for a loan.
  • No fees for applying.
  • Loans will be considered even for those with a low credit score.
  • Good customer service.
  • Fast decision process means you can receive an offer for a loan minutes after submitting an application.
  • You can pay back your loan in one installment or over multiple months, depending on your financial situation.

Cons

  • Hidden interest rates.
  • Not Accredited by the BBB. 

Simple Fast Loans - FAQ's

What Is APR

As well as monthly interest rates, most money lending companies ill also charge a set amount of APR on all their loans. APR stands for Annual Percentage Rate and represent how much money you pay per year for borrowing money.

This figure is expresses as a percentage and includes the interest rate along with any fees the company charges for taking out a loan. 

Simple Fast Loans Reviews

Conclusion

Overall, Simple Fast Loans is a company that can be expected to deliver on the promise their name makes.

The application process can be completed in under an hour, and you can expect an answer back from the company in a matter of minutes. Even if you have poor credit rating, you are likely to approved for a loan, however it may not be as much as you originally asked for.

The lack of transparency about their interest rates will be a problem for some people, so if you have good credit and don't need your money as quickly as possible, it may be worth looking elsewhere.

The best part about Simple Fast Loans is definitely their customer service. If you call them up, a representative of the company will be more than happy to discuss your options, so you can choose a loan that is helpful and possible for you to pay back.

With flexible repayment plans, you can pay back your loan in monthly installments or in a single payment without incurring any additional fees.

At the end of the day, this company is as trustworthy as many other money lending businesses and a good choice if you are struggling to get a loan else where due to poor credit history.

Brad Johnson