United Club Lending Review: Loans up to $200k
- Max. Loan Amount
- $200,000
- APR
- 5.99% to 34.99%
- Min. credit score
- Not stated
Our verdict
This financial company may connect you with lenders or debt settlement services.
United Club Lending isn’t actually a lender — it’s the marketing division of United Financial Network, which is a marketplace for debt consolidation loans and debt settlement services. It says it offers loans up to $200,000, with rates starting as low as 5.99%, which is an excellent rate for unsecured personal loans.
But neither of its websites has a lot of concise information, so you’ll need to speak to a customer representative to get the loan details. On the upside, the reps always seem to answer the phone and will give you their direct line, so you don’t have to explain your situation to multiple people.
Best for: People with a large amount of unsecured debt who want to explore multiple debt resolution options.
Pros
-
Loans up to $200,000
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Rates starting at 5.99%
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Attentive customer service
Cons
-
High minimum loan amounts
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Conflicting information
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Not a lot of information on its website
Is United Club Lending legit?
United Club Lending — aka, United Financial Network — appears to be a legitimate lending marketplace. It features a network of partners, including well-known lenders such as Best Egg, Prosper and SoFi, according to a rep we spoke with.
It also offers debt settlement — or “debt restructuring” — for those who don’t qualify for a consolidation loan. United Financial Network has only been in business for a few years and doesn’t have a lot of customer reviews, but it’s accredited by the Better Business Bureau (BBB) and has an A+ rating.
United Financial Network protects your information from unauthorized access or use by following security measures that comply with federal law, including physical, procedural and technical safeguards.
What makes United Financial Network shine?
United Financial stands out with its dedication to providing excellent customer service. Unlike some personal loan lenders, it has a phone number, which is prominently placed at the top of its website. Even better — a person answers the phone right away, so you don’t have to go through a menu of options before speaking to someone.
When you talk to someone, they’re prepared to answer your questions, explain your options and get you prequalified with only a soft credit inquiry. They’ll even give you their direct number so you can always deal with the same person if you prefer.
The interest rates for United Financial are also very competitive, with rates starting as low as 5.99% — although you’ll likely need very good credit to qualify for the best rates.
Its customer service reps stress that the approval process isn’t all about your credit score — they’re also interested in your debt-to-income (DTI) ratio and overall credit history. So, even borrowers with lower scores could get loan approval with sufficient income in relation to their debts.
Where United Financial Network falls short
United Financial could be a little more transparent and consistent with its loan information. For example, the United Club Lending website says it loans up to $150,000 in one place and $200,000 in another. It also says loans start at $25,000, but a customer service rep says it offers loans as low as $10,000.
It’s also tough to get a handle on its interest rate range. The website says rates start at 5.99%, and representatives agree this is about as low as it goes. However, three different people said rates could top out at 12%, 18% or, potentially, 34.99%.
The website also doesn’t give a range of loan terms, a staple on almost any personal loan lender’s site. Customer reps weren’t forthcoming with this information. One said loan terms are usually three to five years “on average,” but you’d need to get preapproved to find out the term you actually qualify for.
United Financial Network loan details
| Minimum credit score/credit range | Not stated |
| APR | 5.99% to 34.99% |
| Loan amount | $10,000 to $200,000 (but can vary by state) |
| Terms | 3 to 5 years (on average) |
| Approval turnaround | Not stated, but preapproval within minutes |
| Availability | Available in all states |
| Fees | Varies by lender |
United Club Lending contact info
| Phone number | 855-816-6240 or 800-304-9978 |
| Customer service hours | Not stated |
| info@unitedfn.com | |
| @UnitedFN | |
| N/A |
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How to qualify for United Financial
United Financial only reveals the most basic requirements to qualify, which are similar to most other lenders:
- Be 18 years or older
- Be a US citizen or permanent resident
- Have a valid Social Security number
- Have a steady source of income
How to apply
It’s not entirely clear how the whole application process works, but here’s how to get started.
- Fill out the online application or call customer service to apply with a company representative.
- Receive preapproval within minutes using only a soft credit pull.
- Review your options with a loan specialist.
- Formally apply with a hard credit check, if you decide to proceed.
- Wait to hear if you’re approved.
How United Club Lending compares to other lenders
United Club Lending reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 5 out of 5 stars, based on 4 customer reviews |
| Trustpilot Score | 4.4 out of 5 stars, based on 10 customer reviews. |
| Customer reviews verified as of | 26 August 2024 |
There are no reviews or complaints for United Club Lending on the BBB or Trustpilot. But the reviews for United Financial Network on both the BBB and Trustpilot are 100% positive. Customers unanimously report an easy process and excellent customer service.
There were no negative reviews for United Financial, which is a little odd for a lender, but it should be noted there were only 14 customer reviews in total.
There was a YouTube video that said United Club Lending was probably just a lead generator that may pass your name on to actual lenders. But it also pointed out some red flags, such as the website saying it only works with customers who have at least $25,000 in credit card debt.
Another independent reviewer suggested that this might not even be a loan offer; it could just be a way to lure potential borrowers into a debt settlement program instead.
What are people on Reddit saying?
Several Redditors say they received a letter from United Club Lending offering them a debt consolidation loan at a low rate. Everyone who posted on this thread perceived the offer as a scam. For example, they say the amount of debt they were in was wildly overestimated in the letter and the fine print says minimum interest rates are much higher than the rate stated in the “offer.”
No one on the thread followed through to try and get this loan, because it didn’t seem legit to them. We didn’t find anyone on Reddit discussing United Financial Network, either.
Frequently asked questions
Can I get a loan with United Financial Network with bad credit?
It can be more difficult to get a loan with bad credit, but United Financial says it also considers your DTI ratio. So, if your score isn’t great, but you make enough to cover your existing debts and then some, you may qualify for a loan.
What kind of debts can I consolidate with United Financial Network?
United Financial offers consolidation loans for almost any kind of debt, including debts from credit cards, medical expenses and even student loans. It can also help small businesses consolidate their business-related debts.
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