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Lending Tower
- Finance
- Newport Beach, CA
About this business
Location details
5000 Birch St, Suite 3000, Newport Beach, CA, 92660, United States
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I received a letter from Lending Tower in 2024 stating that I was prequalified for a $23,000 loan over five years with monthly payments around $400. The offer appeared legitimate, and the letter implied that my eligibility had already been assessed.After calling and completing their intake process online, I was informed that I did not qualify for the advertised loan. Instead, I was offered a debt consolidation program that had nothing to do with the original loan terms and only applied to a few of my creditors (*********** a... read more
Business response:
Dear Mr. ********** you for your feedback. We understand your concerns and appreciate the opportunity to provide clarification.The mailer you received was a pre-qualification offer based on initial creditworthiness criteria. As disclosed in the mailer, final loan eligibility and terms are determined after a full review of your application, credit profile, and other underwriting factors. While we strive to match applicants with a suitable lending solution, in your case, the information provided during the consultation did not... read more
Before going to this website, as most of us have received a letter in the mail. Please do your research. Also, make sure to ask for them to remove your name from automatically being sent to other companies unless you want that option. They will run your credit through lending tower and then run it through other third-party vendors to see if they can approve you for a loan. I did luckily ask them just to make sure, which the person removed my name from that option. The letter in the mail is not legit. It is a gimmick (false a... read more
Business response:
Thank you for your feedback. Lending Tower is committed to responsible marketing practices and values every opportunity to review and improve the customer experience. Both our mailer and our website clearly state that some loans may be brokered through the trusted lending partners we work with. We provide applicants with access to many reputable lenders through a single soft credit pull, helping them save time and compare options without having to apply to each lender individually. If you would like to discuss this further, ... read more
Dont even waste your time.I received a letter stating that I was pre-approved for a loan. Now, granted, Im well aware that a pre-approval isnt an automatic guarantee. The application is still conditional and up for deliberation. I applied and I received a call from a gentleman by the name of ******. I spent 30mins on the phone with ******, explaining my situation, and the reason for the loan. Instead of ****** just telling me up front that my application was denied and giving a brief synopsis on why, ****** proceeds to engag... read more
Business response:
Thank you for your feedback. We understand how important it is to receive clear and respectful communication. While pre-approval offers are based on initial criteria, final decisions depend on a full application review. When applicants are not approved, we may present alternative solutions that could still be helpful. We apologize if our representative came across as overly persistent, and we will address this internally. Your experience is valuable and helps us improve. If you would like to discuss this further, please dont... read more
The prequalified offer they send you is not legitimate. I went through the process, and was told I had no loan offers and they wanted me to go through a debt relief program, consisting of stopping payments to my current lenders, which can cause significant credit issues despite their claims to the contrary. They do not care about you, they just want your money in whatever fashion they can get it.This is a very disingenuous business practice and I do not feel they ever intended to make good on the offer they mailed me. I will... read more
Business response:
Dear *******,Thank you for sharing your feedback.We submitted your loan application to our lending partners, but unfortunately, we were unable to secure an approval for you. As explained by our representative, because we could not match you with a loan offer, you were recommended a third-party service as an alternative option to reduce your monthly payments.If you have any questions or would like to discuss this further, please feel free to contact us at *********************************** We are here to assist ******** rega... read more
Lies !!!! They send you a fake check and document saying you qualify for personal $****** loan at $*** month payment and then lies to get you to call and then bam ******** about debt consolidation ****!!!! All lies !!! Straight up lies and gimmicks to run your credit and sell ya other **** !!!!! Don't fall for this ****!!! Toss their nail in the trash and don't believe them!!!! Just run far away from their lies
I?m just anxious to get these paid off. Credits are blowing up my phone and having trouble getting insurance due to late payments and amount of debt in credit report.
Business response:
Thank you for your review! We appreciate your feedback.
ABSOLUTE 0 STARS!!! I inquired about financing electronically, shortly after was contacted by a representative. I live in rural **** and service is desirable to say the least, during the call I was transferring my handicap daughter to a vehicle to transport her to her place of employment and the call was dropped. Reestablishing contact was difficult, in result the response from the representative via text message from what I would assume is a "Company" number was as quoted..."Hello, J#$@%!@. Thank you for hanging up on me; i... read more
No. This company gets your ssn and Bd and info. Letter says PRE-QUALIFIED. No and No.
Business response:
Hi ******,We understand that you may be feeling frustrated, and we want to assure you that we value your concerns. It's important to consider that when applying for a loan, providing your Social Security Number is a standard requirement across the industry. We acknowledge that you made the decision to apply, and we want to emphasize that we did provide a disclaimer for you to review beforehand.Thank you for bringing your feedback to our attention, and please let us know if there's anything else we can assist you with.Regards... read more
I received a call and a quote, but my representative seemed super sketchy and asked for my routing number right away. Also, many of these reviews seem to be sent one after the other, so I dont trust whats being said (especially ones with spelling mistakes).
Frequently asked questions about Lending Tower
How is Lending Tower rated?
Lending Tower has a 4.7 star rating with 557 reviews.
When is Lending Tower open?
Lending Tower is open now. It is open 24/7.