LM Credit
reviews and complaints

So, I had a little problem with Tanda Financial back in December . They said I owed them $420.32, but I told them my bank account was closed and I'd pay them by e-transfer. But they didn't get the money and now they're saying I owe them $1900 for NSF, which is totally bogus because I never gave them my bank account info. Luckily, I've got all the emails to prove it. So, yeah, be careful with these guys. Product or service: loan. Account number:

So, I accidentally sent some money to LM Credit (formerly known as *** Financial) on August 15th, 2022. There were two transactions made on that day - one for $64.60 and another for $600.00 - due to a banking error. When I called LM Credit to ask for my money back, they claimed they had never heard of *** Financial. But after doing some research on the government of Canada's business registry, I found out that they are, in fact, the same company that changed their name a few years ago. I just want my money back, please.

LM Credit gave me a loan and said I could see my account for easy payment and to know the interest rate. But when I tried to get an online account, they said they were "making one" over a year ago and I can't see my account. I also tried to get a lower interest rate (it's 50%) but no one is answering me. I'm losing money because of the high interest rate and no one is helping me.

I got a loan from LM Credit and they're supposed to take out $199.65 on the 15th and 30th of each month. But in April, they took out three payments - one on April 14, another on April 25, and another on April 28. Isaiah M. said it was a fee for a NSF payment, but I asked for proof and they didn't have any. He stopped taking my calls and passed me off to other people. They said they would reverse the April 25 payment, but they haven't yet. Now I'm worried they'll take out more payments on May 15 and May 30. They've cost me NSF fees with my bank and caused my account to be overdrawn. I want my money back and they should waive one month's payment for all the problems they've caused. They can't be trusted to take out payments on the right days.

I got a loan from LM Credit and had some problems with my payments lately. It wasn't because I couldn't pay, but because they didn't take off my insurance even though I asked them to. So, my payments bounced back into my account and I had to call them many times to fix it. I even asked for proof that I had enough money in my account and that it wasn't my fault. But, one employee was really rude to me and accused me of not wanting to pay. He even threatened to mess up my credit score. I asked to speak to a manager, but he wouldn't let me and kept calling me while I was at work. It was really frustrating and unprofessional.

I got a call from LM Credit on Oct 15, 2021 about my debt with *** Credit and Line of Credit. I had been dealing with *** on this matter. The person that called me from LM Credit was ***. She wanted me to make a large payment on my debt and increase my monthly payment. I said I can't pay much more than I currently am and the *** agreed to the current terms of payment. She started to get very angry, yelling and threatening me. She started telling me this had to be dealt with before it went to legal and leans were placed on my property. On Oct 19, 2021 I got forms to complete from LM Credit via email. I completed the forms except for the one that gave access to my bank account. I did submit my banking information for the past 23 months and up to and including Oct 20, 2021. I said in my email I would go and get a void cheque and be able to provide my banking info, *** assured me I didn't need to do that as I had provided my most recent pay stubs. I said ok. On Oct 21, 2021, *** myself and *** from *** agreed to me making a payment of $10,000 to *** and then to have monthly Payments of $350/monthly. I asked for an email confirmation from *** and with interest rates. She didn't provide it so I called back and asked if this was still the agreement and she told me yes. I said ok and I made the payment via an e-payment to ***. Imagine my surprise when on Oct 22, 2021, I get a phone call from a *** at LM Credit, telling me that I am making monthly payments of over $460 and I am paying biweekly. I said no that is not what was agreed to. He said yes the file says that I said too bad I am not agreeing and I did not agree to it. I said let me talk to *** and oddly enough she wasn't working on Oct 22, but strangely she called me later in the day to discuss my payments and the down payment. She told me to get to monthly payments I needed to pay another $2000, then it was $2500, then it was $2800. I said how come it went from $2000 to $2800 in 5 minutes when we agreed the day before it was $10,000 for $350/month, she said it didn't matter. I then said by Monday 23, it would be over $3000, she told me not to be angry. At this point it felt like a scam and *** was telling me I need to resolve this before it goes to legal and before a lean is placed on my property and before they withdraw all the funds from my account. LM Credit was/is trying to take advantage of a situation for to gain the upper hand. I said I wasn't paying anything else. Then on Oct 23, 2021, I get another call from someone else at LM Credit, not sure if it was a *** or *** either way they were also exceptionally angry and rude. I tried telling them I was away for work and not in the town where I live. He kept telling me to use my online banking on my phone, I don't use online banking on my phone. Then he kept saying to use my email, I said I don't use email on my phone. He told me to find a laptop and send in my banking info so they can process my information. I told this person I was not in my hometown and had no access to the info, he then told me to call someone to get. I said I wasn't calling anyone as I was not home and no one was home. I was told I needed to provide my banking info for automatic withdrawal. I said there was no need for this info as I didn't agree to anything and that the agreement I had made with *** was done as she changed it less than 24hrs after I held up my end of the agreement. This person also told me I needed to provide names of people and phone numbers for them to call to verify who I am. I said I wasn't doing that. This person kept going on being overly angry, extremely rude, and aggressive. I asked how come each time LM Credit calls or contacts me it is someone new. Everyone I have talked to at LM Credit has been nothing but a scammer, rude, aggressive, and trying to force people into a vulnerable position for LM Credit to beat you into falling for their high-pressure over-the-top scheme of extracting money. It is a shakedown on the vulnerable. No interest rates have ever been provided even though they have been asked for. LM also expects you to send them your banking info for them to withdraw funds without them providing any information. It is a scam. It is like dealing with the mafia. LM Credit will start calling at 6:30 am, which is pretty early to be calling anyone. I also get text messages from them the most recent was Nov 10th, from *** the text came from *** for me to call her/him at *** x *** the message said to call back and the payment would only be $353.26/monthly. I said that is more than what I initially agreed to with *** on Oct 21, 2021. I asked for the information to be emailed. As of Nov 13, 2021, I have yet to get the email with the information from LM Credit. They also said I needed to email my banking info again. They said they spoke to *** for a better rate but no information yet on this better rate. Update Nov 19*** Also *** was involved and they record all phone calls. Update Nov 29*** I have been asking LM to send me the terms of the loan since Oct 22, 2021, and asked them on Nov 10, 2021, to send me the information again and I have yet to get the information. It has been over a month. They keep asking for a void cheque from me so they can start processing payments without me seeing any information from them. This seems to be very strange. I asked for this info again on Monday Nov 15 and Monday Nov 22, I have asked *** to supply it also. They tell me that it cannot be provided until I agree to the terms. I can't agree until I see everything in writing.