LendYou short-term loans review

How does LendYou work?

LendYou is a loan connection service that works with a number of independent third-party providers. Once you apply, your application is sent to LendYou’s affiliate lenders. If a lender thinks your a suitable candidate for a loan, you may receive a loan offer.
Apply for a loan up to $5,000. The amount you’re approved for depends on the lender you’re connected with, the information you provide in your application and your state.

Features available from LendYou

• Generous loan amounts. LendYou has lenders in its network that offer loans up to $5,000.
• Minimal restrictions. Provided you use your loan funds for a legal purpose, there are very few restrictions on how you can use your loan.
• No collateral. Loans from LendYou’s network are unsecured so you won’t need to provide an asset when you apply.
• Bad credit is OK. The lenders LendYou connects you with accept applicants bad credit. As long as you have the ability to repay your loan, your score won’t play a large role in your approval.

How does LendYou compare with similar providers?

Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

Costs to consider

LendYou doesn’t charge a fee when you use its service. However, if you’re approved for a loan and choose to accept the terms, you’ll be charged interest and fees for your loan.
LendYou’s partner lenders could charge up to 1,386% APR for a short-term loan, which can often make even small loans difficult to repay. Be sure to take these costs into consideration before you agree to the loan.

How legit is Lendyou.com?

LendYou is a legit loan referral service that connects borrowers to potential lenders. While it doesn’t make any decisions regarding your loan acceptance, it still abides by the Online Lender Alliance (OLA) list of Best Practices. This keeps your needs as a borrower in mind when it comes to short-term lending practices.

How safe is LendYou to use?

LendYou is an accredited member of the Online Lenders Alliance (OLA). Members of the OLA abide by a Code of Conduct and Best Practices to help ensure customers are fully informed and treated fairly. To help secure your personal information, LendYou utilizes 128-bit Secure Socket Layer (SSL) encryption technology.
Remember that as a loan connection service, LendYou will share your personal information with providers in its network and possibly with marketing companies.

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LendYou reviews and complaints

LendYou doesn’t have a BBB or Trustpilot page. If you do choose to use its service, confirm that the lender you’re connected with is legit before you sign a loan agreement.

How do I apply for a loan?

The online application for the LendYou loan should take you a few minutes to complete.

Eligibility requirements

While each of LendYou’s providers have different requirements, these are the typical minimum eligibility criteria:

• Earn a minimum regular income of $1,000 per month
• Have a valid checking or savings account with direct deposit
• Meet or exceed the minimum age requirement for your state
• Be a US citizen or permanent resident

Steps to submit a loan application through LendYou

1. Go to LendYou’s website.
2. Select the type of loan you want: Cash advance loan, installment loan or personal loan.
3. Enter the last four of your Social Security number, your email address, zip code and year of birth.
4. Choose Terms & Conditions of Use to read the conditions and definitions you should know before signing up.
5. Hit Get Started.
6. Complete the full application to get a decision in minutes.

What information will I need to submit?

Have the following details handy to complete your application:

• Personal details, including your name, date of birth, and Social Security number.
• Your employment information.
• Details about your financial situation, including how much your are paid and when.
• Your personal contact information, including your residential address, phone number and email address.
• Your bank account information.

Bottom line

LendYou gives its users a chance to fill out one application and see which loans they qualify for. This helps you make an informed decision regarding your finances, however you still need to compare your options. Short-term loans have high costs associated with them, so it’s best to look for a lender that can offer your the best rate.

Are payday loans available in my state?

Frequently asked questions

No, LendYou is a loan connection service. When you apply your application will be presented to a panel of lenders and when you are eligible with one, they will offer you a loan that you can choose to accept.
How long does it take to apply?
The initial application process should only take five to 10 minutes to complete. From there, lenders that have an offer will reach out.
What information do I need — e.g., my Social Security number — to apply with LendYou?
The information you will need to provide depends on the lender that you proceed with. Some lenders will request your SSN to perform a credit check.
How do I get a $200 loan with no credit check?
You could apply for a $200 loan with LendYou. LendYou itself doesn’t run a credit check but the lender you’re paired with may check your credit history or look into other national databases when making a credit decision.