Willow Lake LendingReviews of willowlakelending.com

So pissed at ourselves for being so stupid. I wonder if all of the people of these positive reviews actually knew what their interest rate was... We got what we thought was a quick "pay day loan". Under duress and sheer panic, I turned to this financial institution. My husband had suddenly lost his job and we were trying to keep our mortgage payment from bouncing causing a horrible chain effect in our bank account. I remember discussing with the service rep about making equal bi-weekly payments over 3 months to payback the loan!!! I then kept noticing that the bi-weekly payment kept being decucted. After finally tracking down the loan agreement, I discovered an interest rate of 566.82% interest and they have this loan laid out for 32 payments at 430.02 x 2= $860.04 per month. We made the cardinal sin of not reading the paperwork. Shame on us! But shame on this company for taking such monumental advantage of people and exploiting them in their times of need to make a profit. Let's be real, nobody in their right mind, with good credit or not being in a pretty desperate situation would ever come to this type of institution and be willing to pay this ungodly amount of interest. I never dreamed that this amount of interest rate was even a thing! Don't be a fool like we were....ask questions and read the paperwork. These companies and institutions are banking on many people NOT reading the paperwork or "fine print"on documents. Willow Lake Lending has already been paid their full loan principal plus interest but we are just screwed on the rest!! THIS IS PROFITEERING AT ITS FINEST!!! $13,763.15 Total...$11,763.15 profit on a $2,000 loan that's a heluva pay day!

Predatory lending at its finest.

The only good thing was that I was approved right away. But that's when the scamming part comes in because they didn't send me anything saying that my interest rate would be 558% until after the funds and then want a payment a week after receiving the funds!!!!! Crazy right yeah real big scam!!!! I do not recommend!

during the approval verification process the CSR was noting certain details of my personal banking account. and as i was talking it occured to me I did not furnish any banking details. so the CSR said he was looking on the screen from an agency called "Decision Logic" it may be a third party company but regardless doing so without authorization is definitely an invasion of my privacy. be aware using underground lenders!!

I do not even want to put a star on this rating. I had applied for another company online , and this one called me and asked me to go through the enrollment process over again. I had a hard time keeping up with everything that they were saying. I was desperate and ended up with a $400 dollar loan Which I now owe over $3000 dollars for. They're interest rates are extremely high and as a person ans fellow native americam (which they claim to be) who is struggling financially, this really hurts my family. Do not use this company!

Horrible people have me 494.62% annual percentage rate on a $2250 loan. Total of pay back $14,303.72. This definitely has to be illegal. Canceled before they could get me. Beware and be careful

THEY ARE PREDATORY LOAN SHARK MOBSTERS!!!! DO NOT DO IT!! APR is completely unreasonable and is NOT DISCLOSED before acceptance / disbursement of loan. when i called customer service about the ARP thinking it was a mistake they said it wasn't. but i could pay it back immediately upon receiving the funds but due to the insane APR% id owe over 3k on a 2700 loan and with a payment plan of 36 months id be paying back over 17k on a 2,700 loan. I cant believe you people can sleep at night taking advantage of people with these mobster, loan shark predatory rates. whatever so called sovereignty you have that supposedly exempts you from state regulations should not save you from federal regulations. i am disgusted beyond words with this lending company and any other like it. you should be ashamed of yourselves. your terms are unlawful predatory and misleading. SHAME ON YOU !!! I STRONGLY ADVISE ANYONE AND EVERYONE FROM USING THIS COMPANY OR ANY OTHER LIKE IT. You might as well ask for my first F-ing born child you evil pieces of $h1t!!

Horrendously awful experience. I was rerouted to this company for a personal loan while looking somewhere else connected to my Credit Karma. It approved me almost instantly, without telling me the interest or a payment plan. Once it was approved and processing the payment that went to my bank already, I received documents for the loan. It was over 600% interest. Yes that’s right, SIX HUNDRED PERCENT. I do not have great credit and I know most of my loans have a little higher interest but never once have I experienced this insanity. A $1200 loan turned into over $6,000. Sickening and a complete scam. Do not EVER get a loan here. Truly should be illegal and be a crime.