What credit score do you need for LendKey?
660
Minimum credit score: 660. Minimum income: $24,000 per year; $12,000 per year with a co-signer. Typical credit score of approved borrowers or co-signers: 751.
What type of loan is LendKey?
private student loans
LendKey offers private student loans through a network of banks and credit unions. Students must generally meet age, credit, and citizenship requirements before loan approval. Student applicants who do not have a credit history or a steady source of income will oftentimes need to apply with a qualified cosigner.
Is earnest com legit?
Earnest is accredited and has an A rating with the Better Business Bureau. It also has an excellent rating of 4.7 out of 5 stars with Trustpilot, based on more than 4,600 reviews. In 2020, the Consumer Financial Protection Bureau received 13 student loan complaints about Earnest.
Does LendKey have an app?
It is available for Android and iOS operating systems.
Is LendKey legit Reddit?
Overall, Lendly is a legit lender that offers legitimate loans that are backed by a legitimate bank. A huge concern when getting a loan is whether your lender can be trusted and if your information is safe with your lender.
Does LendKey have fees?
No fees: LendKey does not charge any application fees, origination fees or prepayment penalties.
Is Earnest part of Sallie Mae?
Nope! Here’s some context: Earnest was acquired by Navient in 2017 as an independent subsidiary. Navient had an agreement with Sallie Mae Bank that prohibited Earnest from refinancing Sallie Mae loans. Currently, as long as both you and your Sallie Mae loans meet all of our eligibility criteria, we can refinance them.
Where is Lendkey located?
New York City
LendKey
| Type | Private |
|---|---|
| Founded | October 2007 (as Fynanz Inc.) |
| Founders | Vince Passione Michael Stallmeyer Anoop Thyagarajan |
| Headquarters | New York City, New York, U.S. Branch in Cincinnati, U.S. |
| Area served | United States |
What happens if you don’t pay Lendly back?
Lendly mentions that since there are no early repayment penalties, you can pay off some of your loans to lower your loan amount. However, you may still have to pay some interest. Overall, your loan amount options are very limited with Lendly.
What is Lendly interest rate?
The annual percentage rate, or APR, on Lendly loans ranges from 99% to 199%. While this may be lower than what many payday loans cost, it’s high compared to other lending apps in the cash advance space.
What kind of lender is Navient?
federal student loan servicers
Navient is one of the largest federal student loan servicers. It also services private student loans from various lenders. It will no longer service federal student loans after December 2021. All loans will be transferred to Maximus, which is the servicer for defaulted federal student loans.
Who is LendKey and what do they do?
LendKey, founded in 2009, is a digital lending marketplace that allows borrowers to compare multiple student loan offers at once. It matches anyone interested in refinancing student loans or paying for school with a private student loan with credit union and community bank lenders throughout the nation.
What kind of loans can you get with LendKey?
LendKey aims to partner only with lenders that offer very competitive rates and solid customer service. LendKey’s student loan options include private student loans and student loan refinancing.
How to contact LendKey for new student loans?
For new student loans, contact [email protected] or call 888-549-9050. For current student loans, contact [email protected] or call 888-966-9268. The customer service department is available Monday through Friday from 9 a.m. to 8 p.m. EST.
Do you get a referral bonus with LendKey?
Loan servicer: LendKey. In-house customer service team: Yes. Borrowers get assigned a dedicated banker, advisor or representative: No. Average time from approval to payoff: Does not disclose. Referral bonus: Earn $200 for every person you successfully refer to LendKey who refinances a student loan. The person you refer will receive $200 as well.