Rafael I.
Caution About Panther Lending Mail
After extensive searching online, I've managed to get in touch with Panther Lending's customer service, but my experience has raised several red flags. I inquired about their SCC (State Corporation Commission) number and their registration status with the Bureau of Lending Companies in the United States, but the representatives seemed uninformed and unable to provide these crucial details. They advertise an APR of 3.86%, which is exceptionally low — unrealistically so, especially when compared to the rates provided by the SBA even during the Covid-19 pandemic. It's baffling how they can confidently promote such rates through direct mail without providing concrete and verifiable information. The promotional material lacks a verifiable signature from their CEO, nor does it include a physical address, which is typically a baseline requirement for transparency and legitimacy in financial dealings. This absence of essential information is concerning. It leaves me wondering about the oversight and regulatory measures in place, questioning why such questionable practices seem to go unchecked by the US government. It's important for potential customers to remain vigilant and demand the necessary documentation and proof of legitimacy before engaging with any financial institution.