James K.
Saw MyPandaLoans on Facebook
Saw MyPandaLoans on Facebook, and they indicated a $500 to $700 loan could be paid off in about 1 year, with total payoff amount less than $150 over the borrowed amount (ie $650 to $850 total payoff). After inputting a lot of data, they started "crunching" numbers and sent me to CreditNinja. CreditNinja put together a package for a $1000 loan (I asked for $700) and showed a payoff period of 39 months. The total payoff amount, including interest, was $3050. That would be $2050 in interest for a $1000 loan. The interest rate was listed at 195%. Not what I was looking for. A bunch of scam artists taking advantage of people down on their luck.
Response from mypandaloans.comOct 16, 2026
We’re sorry to hear about your experience, and we understand your frustration. MyPandaLoans is not a direct lender. We work with a network of lending partners who determine loan amounts, APRs, fees, and repayment terms based on each applicant’s individual profile. We understand that the offer you received was significantly different from what you expected, and we’re sorry for the disappointment. You’re never obligated to accept any loan or financial product that doesn’t meet your needs. We always encourage users to carefully review all terms and conditions before making a decision. If you have any questions or need further assistance, please feel free to contact us at [email protected]. We appreciate your feedback and thank you for sharing your experience.