LoanEx Review

LoanEx Review
LoanEx is one of those big time lenders that makes you wonder if they even need the money anymore. They have all their ducks in a row and provide a you with a bunch of information that can help you when you are feeling stressed or burdened by financial problems.

They have many different types of loans for you including payday loans and auto title loans. The type of loan you take out is very important, and will vary by the current need you have. If you need more money and have a car to put up as collateral, a title loan may make the most sense. If you just need a little cash to get you through a rough patch, then you most likely want a payday loan. Keep in mind that the loan you take out will vary in terms of the terms and conditions on it, so make sure you understand exactly what you loan will entail.

You definitely don’t want to take out a title loan and then fall behind on it, especially if you need to use your care every day. You also don’t want to take out a payday loan if you won’t be able to pay it off by your next payday. The trick is that they will loan you more than you’re able to pay off, then expect you to take out another loan to pay for things like rent and food. Once they have you in this trap you’re stuck until you come upon a big amount of money like an income tax return. But the way life works it usually isn’t long after you pay it back that something else will pop up that forces you into it again. It’s best to establish some deferred gratification so that you can build up some cash and have a savings account so that you aren’t forced to take out these crazy loans. It’s not just LoanEx that does this, but any payday lender. So don’t think that we’re bashing them, it’s the industry as a whole that preys on those that most need the help.

LoanEx Review – Las Vegas Based

The locations for LoanEx are all based in Las Vegas. If you’re not familiar with Las Vegas lending laws you should study up on payday loan laws for Nevada. They are a bit different than in other states, and it always pays to know what the regulations are for where you’re taking out a loan. After speaking with customer service it appears that they do not offer nationwide loans, even though you may have found them in the search engines when looking for a payday lender.

Strengths and Weaknesses
LoanEx appears to be providing a good and ethical business to the people of Las Vegas, and they have a user friendly website as well as friendly customer service waiting to help you. When you take out a loan in person you’re able to establish a relationship which can come in handy later if you ever run into problems.

Expired Security Certificate
At one point they must have had a secure site with an https and lit up green. Now they’ve let their security certificate expire, so there’s no way of knowing if the site is secure even though it has https in the URL. This is something that they should have noticed by now, as it expired on February 23rd, 2014 they’ve had ample time to notice this and fix it for visitors. It shows that they know enough to provide users with a secure application, but it also shows an oversight that makes you question whether they are totally committed to providing the best user experience.

Our Recommendation
LoanEx is based out of Las Vegas and if you’re living there you may want to go in directly and fill out an application rather than going online and doing it. They have a customer service line that is answered by a real person, and they appear to have everything in place to help you out in your time of need. Just be sure that you actually need a payday loan and that there aren’t any better options for you to consider.

Add Your Own Experience to Our LoanEx Review Below

GD Star Rating
a WordPress rating system
GD Star Rating
a WordPress rating system
You May Also Like:

Leave a Comment