Fundo
reviews and complaints

This place is not transparent about their agreements. You don't get a ledger of what you have paid or a pay off date. I have called to move my payment date and been told that they are still going to process the payment as scheduled and charge me fees for not having the funds in to account despite my call. One day they stopped charging me and I thought that it was over. More than a month later they send me text messages and an email that I am going to be sued and have a lien against me for not paying them. Now, two months later, they seem to be charging me again. What a [censored] show! I have paid well over $5000 on a loan of $1500. And they just keep coming. Worst financial decision you could make.

I recently applied for a "No Credit Check Loan" through Fundo Loan, drawn by their website headlines and search results. As the product name suggests, I was under the impression that my credit wouldn't be checked. However, just a day after applying, I found that they performed a hard search on my credit file, causing my credit score to drop by 60 points instantly.

When I approached Fundo Loan about this, they mentioned that while they do advertise "No Credit Check loans", they retain the right to perform a credit check. This key detail, in my opinion, was not made explicitly clear, especially given the product's name.

From my research, I've noticed I'm not alone in this experience. Several others seem to have faced the same unexpected credit check after applying for this particular loan product.

While Fundo Loan has agreed to remove the inquiry from my credit report as a goodwill gesture, the whole situation was stressful and misleading. I urge potential customers to read all the terms carefully and perhaps even directly ask Fundo Loan about their practices before applying. The product name, in this case, may not represent the actual process.

If you order a specific product based on its name and description, you expect to receive that product and not something different. Similarly, if a financial product is marketed with a specific feature (like no credit checks), the company should stand by that promise or be exceptionally clear about any exceptions. Performing a credit check meaning you are selling a complete different finance product to me, if this no credit check product can be sometimes turned into a different product, I strongly suggest you restructure your product properly before selling to consumers, multiple misleading actioned can snowballing serious trouble which might deeply damage your reputation and possibly can get your financial license suspended.

Dont let this kind of tricky and heartless business get away, they sent me an email saying i learned a lesson by not reading the contract properly, they need to have some sort of consequences.

So the smallest amount and shortest tern offered to me was a $600 advance with 10 weeks to pay it back. My WEEKLY payment would have been $107. Again, to borrow $600 my repayment would have been 10 payments of $107 totaling $1070. But it gets better! there is also a $100 processing fee taken out of the disbursement so the actual amojnount that would go into my account would only be $500. But wait, it gets better, there is also a $5 per week fee they said was to make sure I didn't switch checking accounts or something g like that adding $50 to the cost of the loan. So in total, I would have had to pay back $1120 on a $500 loan...My credit isn't the greatest. Not many places will loan me money however I do have good income, just bad credit. I made $82k last year with a W2 job. I have the same job and they pull their payment out ACH straight out of my checking account so their not taking much risk. But the cost to borrow $500 was $620 with a total payback amount of $1120 on a $500 advance. Obviously I passed and did not take the loan. I guess if I ever have a bad bad emergency or get addicted to crack cocaine I may consider this loan or what they call " advance ". But if your just a little short until payday or something that isn't a last option emergency stear clear from these people

Upon "lending" a small amount of "debt disbursements" stating in their contract no repayment schedule, not a loan, and a 100.00 charge for accessing funds in 24hours, placing a lien on my name, and Fundo representatives inflating their employment dispositions, I have begun an investigation via Attorney General, secretary of state and other government liaisons to assist me in their illegal financial tactics. While I remain self representing if Fundo refuses to resolute I will have no choice but to litigate. Steer clear of this company. They are a dangerous option as a financial vehicle.

Great customer service, very friendly staff, and overall great company. Very quick decision on the loan and explained everything in detail about the loan and repayment options. Highly recommend!

Super easy and very nice service! Ashala was awesome during the process. I always feel awkward talking on the phone but she was super nice and extremely easy to talk to! Again, very easy process!

the staff that assisted me were very helpful and explained the entire process. they helped my business when in a severe need. I'm thankful for them and I looked forward to a positive experience with my future needs.

is very rude and judge mental she do not care about customer she need customers service help ! Just because I had infraction you gonna denied me and yes I work I'm sorry i cannot give her a good review thank you

The young lady I spoke with was very professional answer any questions that I had she went over and explain the contract in great detail and if I have anymore questions to call back and someone will answer it for me thank you for taking the time to look at my application

This is the worst place to get money from they will rip you off and won't show you the paper work they lie and steal and if you can't pay on time they will put lien on you from all sources of income what a [censored] company your better of Borrowing money anywhere else but here

The service was amazing, the lady who spoke to was very nice and professional! Process was painless and took no more than two hours to become approved! Once my loan is paid off I'll definitely work with the in the future! They are legit FYI please use the device if you need to!

It was a pleasure dealing with Christina P. at Fundo. She was very efficient, very knowledgeable and very reasonable. She was able to find ways to resolve all of the curve balls I threw her way. Her flexibility and willingness to go the extra mile enabled me to get this loan on terms I was comfortable with.

Fundo and ***, employee of Fundo is rude and very quick to write you off instead of seeing how she can help with a situation she's just there to send ugly emails and push people to the next part of their business, legal team. Do NOT use these people. They don't operate the same as other creditors. Find another loan from anyone else but Fundo.

They are a company that *** an easily approve you an then charge your account weekly an the put ucc1 liens on your account where u can survive an live cause u have money in account but can use an the wont take it off the account they just hold it but the money u claim I owe triples dont make any since at all if you owed the money why not take off the account an free my account it crazy stupid

They automatically boost your balance the day you take the loan. They are right it is in your terms but I didn't realize just how bad it is until I took out the loan. I figure it is a given that these companies will charge high interest but it is truly insane under this one that you take out a 1k loan and then two weeks later you owe 3k even if you offer to pay it off early. I should have been more careful. Loanee beware.

You guys add a ton of fees and other charges that make these loans impossible to pay off and then you immediately threaten legal actions. You are also misleading in the pay off terms your rep said if I paid it off sooner it would be reduced but now it's that it can't be reduced at all. You guys advanced me $1200 but out of that I only got $947 and now you want me to pay you back $4000 which is nearly impossible. I only got this advance because I had Covid.

I have had a very difficult time on paying my mca loan. I'm in a extreme hardship at the moment but this company is doing anything and everything to bring me down. I was on the phone with *** today and she was yelling and very threatening to me. I offered to make a 200 dollar payment today and she continued to yell and denied my payment. Very unprofessional! This company should be investigated and shut down immediately! I am calling all of my attorney friends and news outlets down south to bring this company in the spotlight.

I have mixed feelings about Fundo. I had applied for a small loan and they seem to not really take a good look at my financial background. I make well worth more than what I originally applied for. When speaking to *** in underwriting she asked all preliminary questions but then placed me on hold for almost 30 minutes as she was going to "Discuss the further application status" I ended up hanging up and calling back finding out my application was denied due to "Negative Background" No further information or disclosure just up and left me hanging. No thanks, I'll use my own money than borrowing from this place. Lesson learned.

This business advertise that it helps independent contractors get funds in little as one day. This business advertise you can get $500-$10,000 advance. It's all lies. I applied for a loan with them and in one day they sent and email stating "Our underwriters have taken a look at your account and bank statements and unfortunately, we do not have sufficient evidence showing that you can make the weekly payments. We suggest 90 more days of high consistent revenue and balances for us to be able to work with you. Until then, we will withdraw your application to ensure that you stop receiving emails and texts. We wish you the best of luck and hope to hear from you soon." Most that was stated in that email is false, I own a single member LLC which by government you're considered as a sole proprietor. I make well over $6k a month, but I normally transfer my payroll over to my personal account every week. It's my business checking is with the same bank as my personal. I'm a delivery driver with a bigger company and I'm paid every week with openforce. Every time you're paid it's is called a settlement. If you never worked in independent contracting you probably won't know, but anyway. This business didn't even offer me $500 to help with my needs, they flat out denied me and withdrew my application. If this is the first impression you give to people then what you're advertising is extremely misleading. They even advertise that you don't need a direct deposit, but they used plaid to analyze my account, but can't seem to figure out where the money is coming from. Wow just wow.

I have used Fundo several times with no issues. This time was different. I have always used the 10 week option never the 22 week as I feel the option takes to long to pay off. I was sent 5 different contracts on the day I was trying to sign my last agreement. As the representative I worked with kept messing up the terms the amount in which I asked for. Of course if I am getting this installment I have a emergency going on that impacts my business. So at some point I missed that the agreement was changed to 22 weeks. At this point I have paid every payment on time for 10 weeks and none of the balance is paid off. I still owe them the full borrowed. I will be seeking legal advice of how to deal with fundo further. I also had a collection agent call me back when my account is not even in collections. She was trying to intimidate me and telling me she would garnish me. Like I said I'm not even behind yet. Do not deal with this company they will not take ownership. Also I am the customer if I get upset and curse its okay I'm the customer I'm frustrated that your company tricked me. It really shows the lack of effort in staffing on your companies behalf that you allow your representatives to get sensitive when a customer is irate. De escalation classes would really help with your customer service. In no way should a customer service representative get a attitude back with a customer. You are there to calm down escalated customer and assist. The service I received was very unprofessional. Honestly I hate to use the terminology but it was ghetto. I would never expect such tone and demeanor from a business establishment. Stay far away!

Me and Fundo had a deal to pay off my balance, and I only had two payments left for a total of $936. Unfortunately, I hit a rough patch and asked for a five-day extension. However, they couldn't help me any further and put a lien on my employer, doubling the amount due to $***. It was a tough situation, but I understand their policies.