VivaLoan (VivaLoan.com) is an identical service that
matches potential mortgage candidates with mortgage suppliers. This informs us
that VivaLoan is just not a direct lender and their major mission could be to
help potential candidates by serving to them join with
lenders which have accredited their mortgage request. Whereas some grasping assessment
websites are unwilling to reveal the reality behind VivaLoan, we really feel this
is borderline treason and subsequently will probably be leaving no stone unturned
whereas we reveal the malicious and misleading nature behind VivaLoan.
What Precisely is VivaLoan?
is an internet platform that permits mortgage candidates to request loans,
the place if accredited, will probably be matched with a wide range of lenders. In
addition to providing payday loans, VivaLoan additionally permits potential
debtors to request short-term installment loans. Mortgage requests can
fluctuate between $100 to $15,000 though hardly any candidates are
accredited for a request that equates to over $5,000.
necessary to understand that VivaLoan solely acts as an middleman,
whose major accountability is to amass your private, monetary and
delicate data and supply it to their community of lenders for
commissions as potential leads. Whereas VivaLoan is persistent with the
storyline that every one potential candidates ought to apply no matter
their credit score historical past, we’ve discovered stories of customers with poor credit score
being denied a number of occasions for loans for even $100.
Who’s Behind VivaLoan?
Many discrepancies, which we’ll additional disclose quickly, start to materialize when researching into the authoritative basis behind VivaLoan. No data concerning founders, operators or alleged company supervision are disclosed at VivaLoan.com. Whereas the alleged tackle of VivaLoan offered to the Higher Enterprise Bureau disclosed 801 W. Bay Dr. Ste 489, Largo, FL 33770-3269 because the alleged bodily tackle, it seems that data was falsified.
How does VivaLoan Perform?
The applying course of at VivaLoan operates nearly similar to different mortgage matching companies. Whereas the one set eligibility requirement could be that you’re 18 years of age or older, candidates are required to supply delicate private and monetary data comparable to full identify, bodily tackle, phone quantity, social safety quantity, and driver’s license quantity to identify just a few. After you submit that data, you can be directed towards the employment portion of the appliance the place you should disclose employment historical past and supply monetary banking data.
Query Marks and Discrepancies
is allegedly a member of the On-line Lender Alliance, but their
operation doesn’t function in accordance to the necessities set forth.
VivaLoan offered a fictitious tackle to the Higher Enterprise Bureau to
later admit they had been based mostly out of Canada and never Florida. VivaLoan does
not disclose lender or approximate APR data and fails to
enlighten candidates upon the dangers of payday and short-term installment
VivaLoan Spec Report
Created December 1st, 2006
Anonymously owned and operated
Helps shoppers of all credit score sorts
Not a Higher Enterprise Bureau accredited enterprise
Gives on-line loans ranging between $100 to $15,000
Possesses a F ranking and solely destructive suggestions at BBB
Not obtainable to residents of New York, West Virginia or the District of Columbia
Can VivaLoan be Trusted?
is just not a reliable mortgage matching service, for extra disturbing
proof in opposition to this operation, simply learn the complaints shared at
their Better Business Bureau profile.
Even a peek at their privateness coverage will let potential candidates know
that VivaLoan has the appropriate to share your disclosed data with
their “collaborators” and associates, not with trusted and verified
VivaLoan.com mirrored a
SimilarWeb world rank of 74,492 with a US rank of 13,610 as of January
17th, 2018. Rating 91st among the many credit score, loans and mortgage area of interest,
this web site has skilled a surge in site visitors the place over 97% of all
site visitors is derived from guests inside the US. Over 73% of
the websites site visitors originates from referral or e mail based mostly sources, which
undoubtably accounts for the rise in month-to-month guests.
VivaLoan.com Review Conclusion
one can know for sure the place your very important private and monetary
data might find yourself if you happen to request for a mortgage by means of VivaLoan.
Shopper complaints might be traced all through the net that report verbal
harassment, solicitations and extra illicit enterprise practices. When it
involves buying a mortgage on-line, shoppers ought to train warning and
solely expose delicate data with verified and authenticated