Symple Lending, Santa Ana CA

Waste of time. Bait and switch. They are called SYMPLE lending because they’re looking for simple people. Advertised as a loan offer, but it’s really a backend debt consolidation company. They don’t disclose clearly that they negotiate your debt down while it also tanks your credit for approximately 6 months or more. Racking up late payments and creditors calling. They also ask for your bank account info over the phone BEFORE even sending out loan documents. Do not ever give out that information, especially over the phone. The person helping me went from hot to cold real quick. If you are completely maxed out and willing to take the risk for lower payments because you are drowning in debt, this may be an option and decent program (but your credit will get exponentially worse before it gets better 1-2yrs to regain credit worthiness). If you’re just someone looking for a LOAN (what they advertised) or a better interest rate to save money and maintain your current credit worthiness-this is a scam. They don’t care which group you fall into or what your goals are, and that’s what makes this disingenuous. They ask you that “goals” question in the beginning so they can frame their mark, not actually work for YOUR best interest. Those people know you have better options, but will try and convince you that you don’t. Bankruptcy is a better option for most who fell on a temporary hardship.

Great way out of a bad debt situation. I waited a few months to review, so to see if it really was as good as it initially sounded. The result-great. I have 2 accounts done and I am feeling confident that we made the right decision. Thank you!

I’ve been waiting for my school loans for months now and I’m drowning financially. I thought it had finally come and it’s your fake looking check to get customers. Do better.

Called looking to get a loan to combine all my credit card debt into one payment. Credit score is normally in the mid 700’s but has been in the 690s due to credit balances being near the limit.

I was working with Giuliano and the conversation started off well. I provided the necessary information they needed, he sent it to underwriting and ultimately came back with a couple options.

He showed me 4 loans, all of which where 25%-35% apr, then told me my credit score was in the low 600s. He then went on a pitch about this debt consolidation company that they are obviously being commissioned heavily from. In case you don’t know, consolidation programs close all of your accounts and negotiates better terms. It essentially acts as miniature bankruptcy, leads to a hit in your credit and closes all of your accounts. I had to PRY that information out of him. He Was 100% trying to convince me that using that program was my best option.

Once I made it clear I was not getting that service, he became very short and obviously annoyed. He said I would receive an email with the details on the other loans, and essentially hung up on me.

Once I received those emails from the lenders directly, 3/4 loans where more than 10% APR cheaper. One of the offers came in at 14% compared to the 25% Symple was claiming. I ultimately accepted that loan, but went out of my way to apply for it directly from the lender so symple would not receive a referral.

I would highly recommend not doing business with this company. They are out to make themselves the most money while incorrectly advising on what you should be doing.

Total BAIT AND SWITCH SCAM.
They send you a preapproval letter for a loan but then NO ONE gets that, YOU ARE FORCED INTO DEBT CONSOLIDATION.
I so wish you call all have heard the person I spoke with, TOTAL BAFOON.

IF you choose these people just know it will DESTORY your credit until they are paid off and then a certain amount of time has passed.

This may work for some people but that is NOT WHAT IS ADVERTISED IN THE LETTER I GOT.

AGAIN If a COMPANY participates in Bait and switch tactics, DO NOT TRUST ANYTHING ANY FURTHER.

Victor was the consultant who worked with me. He was able to explain how the process works in such a coherent, kind, and empathetic manner. He was professional, knowledgeable and able to inspire confidence.

I was so glad that I called simple learning. Marty was fantastic. I thought I was going to be given to run around yet. He's giving me so much peace of mind. Thank God

This is a scam, they just gonna get all your personal details thats it! I end up locking my account!

Very deceiving company. They send flyers pretending to provide a personal loan and all they do is debt consolidation. Wasted my time filling up information when the primary purpose i wanted was a personal loan.

Everyone was so helpful. Our questions were answered so that we understood the whole process. We had a wonderful experience.

They reached out to us and we listened, they were easy to understand and it took very little time to see if we were eligible and they were never critical of our financial situation.

Although the person on the phone i spoke to was very nice, this company is a scam. First they ask you what your credit score is just to run a soft pull on your credit only to tell you you were not approved. Shame on me for knowing better and still having a glimmer of faith. Then the rep told me that they typically help people with a credit score of 650 or higher. Ma'am if my credit score was that high i would not need your services!

The man we spoke with was very nice patient with my husband and I he explained and answered our question

So far so good. Everthing has been smooth. Thats all I can say for now since my wife and I are only starting the program.

Total scam. The offer in the document they send is totally false. Just a service to find you a loan which you can do online by yourself.

You folks are just what the doctor ordered! Friendly, compassionate, and caring just to name a few of your assets

Chuck did my intake and he explained the program to me step by step and was patient. He was very helpful and easy to talk to

Very nice people to deal with. However, they are not a direct lender and try to get you into a debt consolidation plan where you stop paying all of your credit cards and then you make payments to Symple Lending and they negotiate and pay the now "closed" credit accounts. This is great for a person who is unable to pay their debt. They negotiate a smaller balance and slowly pay off your debt which can take years (plus they charge you a fee on each of your current balances). This does tank your credit score. If you are able to pay the minimums; a debt consilation "loan" is the better option.

This company is a totally SPAM. I called because I recieve a letter about a loan that would help me get out of debt. She told me I was not approved after she did a soft pull on my credit. She offered to put all my debt together in a debt consolidation. To me they are like sales representative. Do NOT WASTE YOUR TIME on these letters because are the HOOKS they are fishing fining people with lies.

They were very supportive and understanding. They are giving great support to help get me financially strong.