A study by SrategyOne on behalf of Edelman in 2012 shows that the finance industry is the world’s least-trusted industry. Many years after, there is little change in the trust factor for finance institutions. There are reasons for this lack of trust, but every one of them boils down to a lack of transparency.
Reviews become essential when one considers the statistic above. Studies have shown that 88% of customers trust reviews as much as personal recommendations. 72% of customers believe that the presence of positive reviews improves business reliability. Therefore, consumer reviews about finance companies are essential as it helps classify them in order of security which guarantees more customers for the more reliable ones.
Why are reviews relevant?
Online reviews are believed to merge the requirements of a world-class financial institution, that is, good customer service, good management quality, and excellent product quality. Positive reviews will then transcend … Read More
Representative APR Range
LoanSolo.com is not a lender and does not provide short term or online personal loans but refers consumers to the lenders who may provide such loans. LoanSolo.com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged for a loan. APRs depend on multiple factors, including the lender’s requirements and offers, your credit worthiness, your state of residence, and the type and term of the loan you request. You will be given the details on the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement during the loan request process.
The APR on a short term loan can range from 200% to 2,290% depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors.