We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Manage Cookies
Resources for Businesses My BBB
Share
Business Profile

Loan Servicing

Amicus Lending

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Loan Servicing.

Reviews

Customer Review Ratings

1

Average of 1 Customer Review

Want to share your experience?

Leave a Review

Review Details

  • Charles s

    Date: 02/22/2024

    Charles s

    Date: 02/22/2024

    Amicus lending is a huge rip off they are charging me 699% interest and I believe that is not legal I got to pay 134 dollars a week for 26 weeks I thought it would be half of that when I signed the paperwork and accepted the loan

    Amicus Lending

    Date: 02/29/2024

    BBB Northeast **********
    Thursday, February 29,2024
    Business Response To Customer Review ID: ******
    It is unfortunate that a Borrower feels compelled to express their frustration after applying and accepting the terms of their loan.
    For this very reason, the Amicus Lending website provides an overview of the Loan Program. This overview informs potential borrowers that this type of loan is an expensive form of borrowing and is not intended to be a long-term financial solution, but rather designed to assist potential borrowers in meeting their short-term financial needs.
    Interested individuals may complete an on-line loan application that is passed through the underwriting process and applicable risk-based credit filters. Interest rates are determined based on the requested loan amount and individual credit-worthiness.
    If approved, potential borrowers are asked to sign the Loan Agreement that includes the Truth-In-Lending Act ****** Disclosure. The ****** Disclosure is the first page of Amicus Lendings Loan Agreement. The **** outlines the required repayment categories that must be presented to a potential borrower before a Lender extends credit. The purpose of the **** is to protect potential borrowers so they are not surprised by financial charges, payments, and fees. Categories displayed are as follows:Annual Percentage Rate; Finance Charge; Amount Financed; Total Of Payments;Number Of Payments; Amount Of Payments; When Are Payments Due; and Repayment Fees.
    Then, once the terms of the Loan Agreement have been read, and if agreed, the potential borrower is asked to sign the Loan Agreement.
    In addition, we strongly encourage our Borrowers to consider repaying their loan as soon as possible to reduce the amount of finance charges they may incur throughout the repayment term without any pre-payment penalties.
    Thank you,
    Customer Care
    **********************

Amicus Lending is NOT a BBB Accredited Business.

To become accredited, a business must agree to BBB Standards for Trust and pass BBB's vetting process.

Why choose a BBB Accredited Business?

BBB Business Profiles may not be reproduced for sales or promotional purposes.

BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.

BBB Business Profiles generally cover a three-year reporting period, except for customer reviews. Customer reviews posted prior to July 5, 2024, will no longer be published when they reach three years from their submission date. Customer reviews posted on/after July 5, 2024, will be published indefinitely unless otherwise voluntarily retracted by the user who submitted the content, or BBB no longer believes the review is authentic. BBB Business Profiles are subject to change at any time. If you choose to do business with this company, please let them know that you checked their record with BBB.

As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.