Inbox Loan, hosted at inboxloan.com, is an online installment loan provider that helps everyday consumers receive installment loans for up to $5,000.
These installment loans can be used for a variety of financial issues such as medical emergencies, home repairs, car repairs, late fees, bounced checks and rent payments.
Functioning similar to an online payday loan service provider, Inbox Loan works with consumers who possess a less than satisfactory credit history while reflecting exceptionally high interests rates with approved and rendered loans.
To learn more regarding Inbox Loan and whether this loan servicer is optimal for you, we encourage you to continue reading our unbiased Inbox Loan review.
What does Inbox Loan Do?
Inbox Loan is an online loan servicing portal that enables U.S. consumers the ability to apply for an online installment loan.
Claiming to work with consumers with poor to excellent credit, Inbox Loan is marketed as a platform that is tailored towards everyone despite their financial history.
Those who are in need of a loan must be 21 years of age to apply, and if approved, can receive a loan amounting to as much as $5,000 as quickly as the next business day.
Who is Behind Inbox Loan?
Inbox Loan is a Native American owned business operated by Kashia Band of Pomo Indians of the Stewarts Point Rancheria, a sovereign nation located in the United States.
While the domain, inboxloan.com, appears to be first created on June 16th, 2014, the Inbox Loan loan servicing company appears to have caught the attention of the Better Business Bureau in March of 2017.
No other information regarding founders or active managers are referenced anywhere upon the site or at BBB.org.
How does Inbox Loan Work?
Inbox Loan provides an online application for consumers who are looking to apply for an installment loan.
First time lenders are able to receive a loan for up to $1,500 while returning borrowers in good standing are able to receive up to $5,000.
The application process is relatively straightforward with Inbox Loan and doesn’t take more than a few minutes to complete.
Each applicants’ credit information is verified with Clarity, DataX, Factor Trust, and Microbilt.
While consumers of all credit backgrounds are encouraged to apply, it should be noted that the better your credit score the more likely you’ll be approved.
Eligibility Requirements
- Must be 21 years of age
- Must be a US citizen or permanent resident
- Provide proof of active income atleast $1,000/month
- Must be able to provide working telephone and email address
- Share personal checking account information (for loan delivery method)
Those who are approved for a loan will advance to the next portion of the application process which will disclose the terms of the loan.
If accepted, applicants must complete the loan process by electronically signing the Inbox Loan loan agreement where they will then receive their approved loan funds as soon as the next business day.
Community Feedback
The community feedback circulating Inbox Loan is not positive nor encouraging.
According to their Better Business Bureau profile, their loan servicing platform has received a 100% negative customer review rating while amassing nearly 50 customer complaints over the past few years.
In addition, YScam and Yellowpages also report negative customer reviews.
“I have never had so much bad customer service in my life. I would not ever do business with this company. I would not refer anyone to do business with this company.”
“I took out a $500 dollar loan to pay it back in installments it cost me over $3,000 this can’t be legal”
“Took out a loan almost a year to the date. Received a phone call from True Accrod stating my loan had been refereed to them. They are a collection agency. I never received a formal notice from Inbox Loan stating they were transferring my loan to them. I never authorized for payments to stop. All of my payments were made on time. STAY AWAY FROM THIS COMPANY!”
Connecting with Inbox Loan
Inbox Loan does not provide many contact methods compared to competing platforms who are use to utilizing social media as a daily part of their life.
If you need to reach out to Inbox Loan you can call 1 (800) 930-9066, email loan@inboxloan.com or send a letter to the following address:
Inbox Loan
P.O. Box 881
Santa Rosa, CA 95402
Inbox Loan Review Conclusion
Inbox Loan appears to be a fully operational and legitimate loan servicing company although we must impress upon you the importance of only utilizing their service as a last resort.
As community feedback will suggest, Inbox Loan charges an exponential interest rate on approved loans upwards towards an average of 780%.
Which means that if you are approved and accept a $500 loan, you could end up paying over $3,000 plus your principal if you choose to utilize their service.
While it is a question of ethics of whether this sort of business model should be legal, unfortunately most payday loan service providers like Inbox Loans resort to such measures.
As we suggested, only utilize Inbox Loan as a last resort and if possible, not at all.
There are more legitimate online loan service providers, such as BadCreditLoans, you could consider.
Very poor service charging their customers 3000 on a 500 dollar loan totally ridiculous this is a scam all the way that’s why I did not accept the loan at all
I just paid my loan off and will never deal with them again. VERY POOR! Service and will tell you one number of oayment and will change it on you. So for all you people that need a loan go somewhere else they’re no good at all. Run as far as you can. They need to go out of business!
Absolutely not do not do not use this company I have been paying on a $500 loan for it seems like 2 years at $150 every two weeks so if that is $300 a month and I’m yet to pay that off and H time that I tried to call them they don’t ever respond they never call you back they don’t do anything about it they don’t worry about your concerns do not I advise anyone I’m going to a lawyer about this because this is not the way it’s supposed to be I will be contacting my lawyer about this cuz this is crazy anyone go to a advance loans in your town or something do not go online with these people the ripoffs do not go on and get any kind of loans with these people they are rip-offs there a scam
Please don’t use this company it is truly a rip off. I borrow 275 and they have been taking payments out every two of 82dollars, told me at first I would end up paying a 1, 000 back. Even though I thought it was to much I need the money right then for a family emergency. So since I was told by December 2018 I would be done with paying the loan off, I took it. Now since July I have been making payments regularly, thinking I’ll be done soon. I call to see how many more payments I had left they told me over 3,000 dollars until next year. If I could pay that type of money why would I take out a loan. Don’t Do It Please!!!
Horrible horrible horrible! Don’t not use them! Please trust me. My husband was hung up on 4 times when asking about the status of his loan.
Haha. A 500 loan would cost me 3496 after payoff. Not happening lady called immediately and I told her lose my info. This is a shame they take advantage of people with poor credit and I thought this was all banned from happening. I contacted the FTC and better business bureau. There has to be a way to stop these scams against hard working people who need a little help.
I asked for a Loan of 200. I ended up with over a 900 loan. Then they told me I told i would be paying back in total is over 7000. They also told me they would call me to tell me i was approved and to make sure i still wanted the loan before putting in my account. Never called me. And now. I have to pay over 7000 in a year. They are full of shit. I will never never use them again. Never use this company. PS. I never applied to them. They called me out of no where. That’s where it all started. I am sure what they are doing it not legal. I have never heard of some company doing that much for Loan. Something isn’t right about this company. I even tryed to return the money. They wouldn’t take it.
I applied for a small loan and was told I’d get $325. I was asked a bunch of questions and put on 3 way with my bank.They had me e-sign because I was approved. After hanging up, I felt like something wasn’t right. After a few hours I decided to back out and not take the loan. The reviews from other customers gave me the impression that InboxLoan is shady asf, so when I called I made sure to record the call and ask for a confirmation email that said I no longer wanted the loan. (I imagined they would try to process and deposit the loan, and have me trapped paying or something) When I called the 1st time, that weird water drop sound let me know that I had been connected but then I was hung up on. The 2nd time, it went through and I let the repersentive know that I wanted to cancel. I applied today, so I didn’t think it would be a problem to just throw my application and info away. Nope. I was put on hold 3 times and never sent a confirmation email. The repersentive kept trying to swear me down that they sent one but I was refreshing my inbox and checking my spam/junk inbox, while on the phone with this mf. He just kept saying they aren’t it. Nah, I got every single e-sign email seconds after but for some odd reason I can’t get a cancelation confirmation email? That’s funny. He told me to call back in an hour if I still don’t get an email. I sent an email that said I also don’t want to do business with them. I feel bothered and unsafe because of all the shadiness from InboxLoan and all the bad reviews that others have left and the fact that they have all my info.
Don’t EVER use these company I got a 700$ loan and end up paying over 2,000 it would have been more but I paid my way out early they are graflers and pray on the poor
Absolutely a major run around for the pathetic amount of money they loaned.
Never again will I do business with this Company.