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 $3,000 plus your principal if you choose to utilize their service.
While it is a question of ethics of whether this sort of business model should be legal, unfortunately most payday loan service providers like Inbox Loans resort to such measures.
As we suggested, only utilize Inbox Loan as a last resort and if possible, not at all.
There are more legitimate online loan service providers, such as BadCreditLoans, you could consider.
Borrowing 500$ for 3900$ back not in this life time. This can’t be legal. DO NOT USE INBOX LOANS!!!
I agree took out a loan for$ 450.00 charging me 780% interest costing me over $3000.00.
Everyone should call the Attorney General. Me I’m closing my acct and I’m. Not paying these fucks a penny more
I got a loan from them. It’s the way how you understand their payment options, maybe you guys can catch up a little bit how the payment works, Naaa. Anyways, thank you Inbox Loan for helping me in time im out of nowhere
Inbox Loan Stink. Sounds more like a SCAM
Help i borrowed $825 and in the end after what is said and done it says i owe them $5000. They are taking $130 every payday. What do i do ?
I contacted my Lawyer, there under investigation?
I was approved for $375.00 and would have ended up paying almost $3,000.00! how dare they charge 779 % interest!? They called my bank to verify my account and the person who was allegedly with my bank wanted my debit card #. Why would they need they when all they had to do was look up my name? I told the CSR at Inbox I was not comfortable with that and he tried to argue with me. Needless to say, I’m not taking out a loan with them.
You did right this company is a scam I did not take out a loan with them period. Cash net USA is good out of Chicago Illinois
I was trying to borrow 900 but I have to pay them 6,00 to 7,000 $$$ the lady didn’t know how to explain for nothing and I told the there a big scam when I told the lady she started laughing. There a big rip off.. paying them back is so high. This a scam!!! Don’t use this company!!!
Inbox loans are a bunch of crooks I borrowed 500 dollars cause I didn’t have enough cash to replace my phone .I made my first two payments total of 210 dollars. I decided to call cause I got an email that I still owed 500 dollars.like everyone here I got screwed over even after requesting to pay full amount I still got charged a huge fee I paid 676 dollars plus 210 on past payments almost a 1000 dollars on a 500 dollar loan. And I only borrowed it for a month. My first time getting a loan so part of it is my fault for not paying attention what I was getting myself into. Anyone outhere listening stay away from this people damm crooks with license to rob. If you are in a tough financial situation avoid this people if you are in a financial hole this people will completely finish the job and burry you in more debt. Definitely learned to pay more attention to detail hope they enjoy my hard earned money they got a special place for you in hell
The absolute worst! Was on the phone with “John” for nearly three hours just processing the application. Kept getting put on hold, told him my name repeatedly, and kept contacting my bank. After all that, calls me this morning for another “silent call”.
BLOCKED
Do not use this company. If in a hard place, consider only those that will accept your money back 2 weeks later and not rope you into a loan that if you don’t call 3 days prior to them taking the 1st payment, you’re then in a trap! They wanted to charge me 2k for a 350 loan….crazy.
Don’t use them!!! They are a RIP off and take advantage of those in need. Trust me there are other much better ways. This company should go out of business.