Santa Bonus, which can be found at SantaBonus.com, is a recently incepted loan matching network.
Launched into existence less than a few weeks ago, we have a bone to pick with Santa Bonus regarding the legitimacy of their loan matching platform.
To find out more regarding the Santa Bonus payday network and whether this entity can help you find great loan offers, we invite you to read our unbiased review.
About Santa Bonus
SantaBonus.com does not function as an online lender, lending agent nor do they make decisions on loans or credits.
Instead, Santa Bonus operates as a loan matching service provider that connects loan applicants with potential lenders.
Unlike most loan matching networks that work with personal loans, Santa Bonus supports a network of lenders that provides what are known as payday loans.
Where loan borrowers are requested to pay back their loan, plus interest, directly from their paystub or on payday.
Payday loan amounts range between $100 to $1,000 while no reference to APRs, rates or fees or repayment periods are disclosed.
This could be greatly contributed to the fact that Santa Bonus works with a network of online lenders, which means that each have varying loan rates, fees and repayment periods.
Unfortunately, Santa Bonus does not provide us with any information regarding their supported lenders while the application process is said to take less than 5 minutes to receive a loan approval verdict.
To add, Santa Bonus appears to be only be available for consumers who reside within the United States while no eligibility requirements were disclosed.
Usual eligibility requirements that typically must be met would be that loan applicants must be 18 years of age, have a checking account in their name (for loan delivery method), must earn at least $1,000 income post taxes and must be a US citizen or permanent resident.
Who is Behind Santa Bonus?
Santa Bonus fails to provide any information regarding their past owners and current operators.
While this is not necessarily an uncommon characteristic to encounter when dealing with loan matching networks, it certainly does help to know what entities you become affiliated with.
Further Detail
While Santa Bonus fails to include any identifying information, it is disclosed that their network of lenders may check national databases such as Equifax, TransUnion and Experian to determine the credit worthiness of applicants.
As such, these credit checks may affect your credit, which is why you should only apply for payday loans as a last resort, or to bridge any immediate financial gaps that you are confident you can pay back swiftly.
Domain Insight
SantaBonus.com was registered on December 4th, 2018 through the URL Solutions, Inc registrar.
According to the registrants contact information shared in the WHOIS report, SantaBonus.com was acquired with a privacy package so we are unable to find any information regarding their owners.
Furthermore, Santa Bonus did not reflect any web-rankings across market intelligence sites like SimilarWeb, which is likely because their site was created less than 3 weeks ago.
Community Feedback
During the time of writing this review, Santa Bonus did not reflect any consumer feedback.
The only feedback we found in relation to Santa Bonus would be how ScamAdvisor, an online portal to help dictate the legitimacy of platforms, declared that Santa Bonus reflected a poor trust rating.
Reflecting a 34% trust rating, information disclosed at ScamAdvisor indicates that the site is Panama based, although we are unable to confirm this.
Last but not least, the site fails to hold a valid SSL certificate, which means that information submitted at their site may be at risk of exposure.
Is SantaBonus.com Trustworthy?
We do not believe Santa Bonus to be a trustworthy loan matching network.
The site fails to disclose basic identifying information along with information regarding how their platform operates.
To add, the registrar used by Santa Bonus is known to be used by a high percentage of spammers and fraud sites, which should cause you great unease.
SantaBonus Review Conclusion
Santa Bonus is allegedly available for US consumers despite their credit worthiness.
Poor credit or bad credit alike, consumers who are seeking a payday loan are encouraged to apply for a payday loan through their site.
Given the blatant lack of transparency regarding their owners, eligibility requirements along with failing to disclose their list of supported lenders, we do not feel that Santa Bonus is a loan matching network with your best interests at heart.
Having been in existence for only 18 days, there are far too many unknowns for us to recommend the Santa Bonus loan matching network to our readers.
With this in mind, coupled with the information shared above, we believe that for the time being that Santa Bonus should be avoided until more feedback is gathered.
Outcome: Santa Bonus should be Avoided!
Site: SantaBonus.com
We invite you to share any insight, experiences or feedback you may have below!