Lending TowerReviews of lendingtower.com

I signed up but decided it was not for me. I called and left a message to cancel the contract after no response. I called again the next day I was told that my message was received and the contact will be canceled. I was also told someone will call me back. About 30 minutes later I received a call and he was trying to get me to change my mine. I asked him to sent me proof that the contract was canceled he said, that it could take up to 7 weeks to receive an email. Today after one and a half weeks, they tried to pull $606.00 out of my checking account. I called again today and left a message no one called me back. Please send me confirmation that the contract has been cancelled. If not I will send a message everyday requesting confirmation of the canceled contract.

I originally signed up but then after thinking about it I changed my mind. I read the contract and said I could cancel anytime. I have called and left multiple voicemails and have also left emails and have not heard back from anyone.

The person who called me was rude and condescending. Eventually I asked to end the call as I didn’t wish to continue and they abruptly hung up on me. Then Lending Tower continues to send me messages and phone calls weeks later…including this survey. Did they really want my business? Or are they just looking to be a bully?

Your rep tried for a while to convince me to sign up for a program where I stop paying my bills for 3-6 months while you negotiate a low pay off on my bills, ruining my good credit and also canceling my credit accounts. Immoral, unethical and immensely STUPID. I asked for a bill consolidation loan, not some underhanded scheme to rip off my creditors and hope my ruined credit will bounce back in a couple of years. What’s wrong with you? Oh, and tell her to stop boasting about being at the Jon for 6 years. She could be working at McDonalds for that long and still be giving very bad advice.

Stop calling for a review. I don't do reviews

Bait and switch. I have been shopping around for a loan and received a letter in the mail from these folks. Figured why not contact them to find out the rates. Thinking I am a good candidate, high 6-figure b income, credit in the 700’s, with a 12% usage rate on all my credit cards. Upon review of my credit they said I was using 67% of my available balance which was not true! They denied a loan and tried to get me to sign up for a debt consultation service where I pay $300 a month to them while they negotiate my debt. The kicker is, while paying this money to them monthly, they will NOT pay any of my debt until they are able to get to a “fair” APR. So pretty much this will tank my credit according to them “for a few years”…WHAT? No thanks.

I received a mailed solicitation from Lending Tower indicating I was prequalified for a $23,000 personal loan over five years with monthly payments of approximately $400. The letter presented this offer as pre-approved and implied qualification had already been assessed. Based on this representation, I initiated contact with Lending Tower and completed the required intake process. After providing my personal and financial information, I was informed that I did not qualify for the advertised loan product. Instead, the representative attempted to enroll me in a debt settlement or consolidation program, which only applied to select creditors (Capital One and USAA) and bore no resemblance to the original loan terms presented in the letter. This conduct constitutes a classic bait-and-switch tactic — a deceptive marketing practice prohibited under the Federal Trade Commission Act and subject to scrutiny under Truth in Lending Act (TILA) guidelines. The prequalification claim was materially misleading and appears to be used solely as a lead generation tactic to funnel consumers into unrelated services. Consumers should be cautious when dealing with this company. I am reporting this incident to the Consumer Financial Protection Bureau (CFPB) and the Michigan Attorney General's office, and I encourage others who received similar misleading solicitations to do the same.

Don’t even waste your time. I received a letter stating that I was pre-approved for a loan. Now, granted, I’m well aware that a pre-approval isn’t 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 Rodger. I spent 30mins on the phone with Rodger, explaining my situation, and the reason for the loan. Instead of Rodger just telling me up front that my application was denied and giving a brief synopsis on why, Rodger proceeds to engage in pre-tense, just to inform me that he sent me a link via email towards the end. While still on the phone with Rodger, I clicked on the Link just to be told that my application was denied. Again, no hard feelings. I thanked Rodger and attempted to end the call. Rodger proceeded to try and convince me too set up an appointment with a Debt Relief Program (CONVENIENTLY, there was a link to said program on the email that Rodger sent me stating my denial for my loan). Multiple times, during the call, I expressed my wariness with those companies and thanked Rodger for his time but, seeing as how my loan application was denied, I saw no use for further communication. I had to end the call due to Rodger’s badgering. Rodger and Lending Towers, times are hard, and the last thing anybody wants to put up with is double speak and pretense. Please try to work on being more transparent with current and would be customers. It will make a Lot of difference.