ArgonReviews of argoncredit.com

this is a good place to do all your loan business in

After having some financial difficulties, Argon was kind enough to put me in a program that didn't damage my credit score and put me back on track with making my payments on time. I'm very grateful.

The loan process was easy and I received my funds quickly

My Loan was Funded on 12/30/2015, I received a contract with the amounts and due dates which I E-signed and sent back to the Company, on the contract they were sure to include an "out" if you read the fine print, they have not committed to make the loan until funds are deposited, it also states on the second page of this "CONTRACT" Unavoidable delays as a result of inadvertent processing errors and/or acts of god may extend the time for the deposit. We will begin to earn the finance charge on the effective date(IS THAT LEGAL) PLEASE READ YOUR CONTRACT BEFORE YOU SIGN IT!!!!!!!! How can a Finance Company Fund a loan and tell you they don't know when it will be deposited????? And they are not BBB accredited(RED FLAG)

I was approved and sent a funded email on December 14 2015. The very next day recieve another email saying that due to increase loan volume all funds were put on hold til further notice and I would recieve an update by January 2016. On January 3 I recieve a phone call saying funds were available and had to update my info. The next day they call me and say that instead of 3-5 it would be 5-7 to recieve funds. Here it is halfway through January and still no funds. Now they tell me they can't give me a date as to when the funds will be sent to my bank, hopefully by the end of the month the lady on the phone says. This company is unreal. I mean either you have the funds or you don't.

I appreciate Argon Credit working with me during a financial hardship in my life at this time. I got approved quickly and there was not a problem with submitting my documentation. Once my documentation was received and verified my money was in the bank within 24 hours. The customer service representative was very polite and helpful.

I will say there are much better lenders and options out there if you would like to recieve an approval and funding within a week. Do not apply to Argon Credit. Do not believe the positive reviews read on this or other websites regarding Argon Credit. I applied late December, recieved an approval, and gave them all the documentation the same day. I was approved at an 22% APR which isn't bad but not good either.Then they say they have to go through the process of "verification" (sit on your application for 10 to 15 business days).They use Microbilt IBV(Instant Bank Verification) to look into peoples bank account activity for the past 90 days. I'm not comfortable with companies looking into all my account details, so I gave them a copy of my bank statement,blank check, and other documents for "verification". If you have been reading other negative reviews, they are ALL TRUE. They will offer you an approval,do a hard pull, make you wait 2-3 weeks for a denial or substatially less offer with a higher interest rate. This hasn't happened to me (still pending approval in verification process) but I see the pattern of what other reviewers have brought to my attention. During this time,they will state:"Verification will take 24-48 hours". They will log your calls and avoid them as they know that many people have been waiting will call as this process is worst than getting a mortgage. And as you wait in anticipation and limbo for this loan,you MAY recieve descent customer service and the same script from their employees who are apathetic to your cause. Please remember, I applied in Late December. It's almost mid-January and I'm still in limbo. They use Microbilt as a Credit Consumer DataBase to find information regarding your credit,background info, and more. So if you see MICROBILT on your TU and EXP. Credit Report. That's them. So yes,they pull 2 hard inquires on your report for your notice. You are better off going to join a Credit Union,using a P2P lender, or another online lending corporation. At least they offer you a line of credit or loan once you join/apply and the process is immediate of an approval or denial. UPDATE:1/12/2016: I suspect a bit of racial discrimination as well. A collegue that is a different ethnicity applied about the same time I did (actually earlier two days earlier) and had his loan approved days later with a deposit 72 hours after approval. While almost 3 weeks later, I'm still pending "verification". He gave them the same paperwork & did not do IBV but gave them his 30 day bank statement. Almost same credit score and makes slightly less. Although he asked for a lesser amount(a few thousand less),nonetheless, this is very disconcerning if you are a minority. Argon Credit borderlines predatory lending with it's APR's & Interest Rates (15% to some I've seen on reviews 69%). They also practice "redlining". And if those aren't familiar with "Redlining",redlining is the practice of denying services, either directly or through selectively raising prices, to residents of certain areas based on the racial or ethnic makeups of those areas. Just beware. Argon is a VERY Underhanded and Unethical lending instituition,if you want to call it that....

I waited for my loan for 3 weeks and continued calling! Finally I got a call from a representative saying my loan was approved but I would be getting less than I thought which was fine with me. I signed the e-signature form and the next day saw my loan was denied!