STAY AWAY FROM THIS COMPANY WILL AFFECT YOUR CREDIT SCORE
Had I known that wanting to save money would end up lowering my credit score drastically I would’ve never fooled with this company. I wanted to save a couple of dollars, but once it was time for me to withdraw the monies that I saved they automatically closed my account. Once it closed my credit score drop drastically. I tried to call the company and of course the people that answer the phone have no clue on how to help me. This app is supposed to be a credit builder and all it did was up my credit score by little points an when I withdraw my savings, it dropped drastically 63 points to be exact. How are you supposed to withdraw YOUR money without having your credit score F’d with?
If anybody reading this, do not do business with this company. It should be banned!
If anybody reading this, do not do business with this company. It should be banned!
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STAY AWAY FROM THIS COMPANY WILL AFFECT YOUR CREDIT SCORE
Stay entirely away from this company. This company claims that it’s a credit builder when actually when you take your funds out because you hit your target savings they will close the account and a closed account will drop your credit score drastically. Do not download and do no business with this company. I contact them, and they brushed me off. They took so long to contact me and to make things worse they said please refer back to the communication that you received on May 8th for the account closure. So that means for me to contact them again so someone else can take care of it is what I got out of that email. A horrible, horrible company. Sickening!
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What happened though?!?
Loved this app when I could use it. After it ended I tried to do it again and the app no longer worked. Then I tried again and get a screen saying they no longer support the mobile app… so why is there even a mobile app? Then sent an email and got a response from Credit Karma because they are a part of Credit Karma (which I use) why is the service not offered or showing up on credit karma. What’s going on?
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Scammers.
Started a loan with them only for it to be transferred to SST. So I paid the service fee and loan interest to Seedfi and now I have to pay a service fee to SST everytime I make a payment. Costing way more than what the original loan was for. Thanks for the useless reply, I’m aware you are with in your legal rights to change who is servicing the loan. It doesn’t make it any less of a crappy decision for your clients. Especially when SST adds an extra service fee. My account is literally 3 months old, if I had been told there would be a possibility of a change I wouldn’t have opened an account with you.
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Response from developer
We understand your frustration that servicing of your loan has been transitioned to someone new. The terms of your loan are memorialized in the loan agreement and will remain the same. The specified loan servicer can be changed without borrower consent to support the continued repayment of loans.
Loan was sold - Trouble getting savings
This was initially an ok deal - a high interest loan, but regular payments, the ability to pay early and a clean app.
Well, the loan was sold to a company without the proper interface for handling this loan. There was no warning or ability to pay off the loan before the transfer, which I would have done. The email giving us our SST was late - we were told we’d get it on a Monday, mine came three days later.
I immediately paid off the loan and after two weeks, the 2K+ in my savings is still locked, with no communication on how or when it will be released to me.
It helped when I needed it and it’s been paid off, but I’m still waiting on funds and I would not repeat.
Well, the loan was sold to a company without the proper interface for handling this loan. There was no warning or ability to pay off the loan before the transfer, which I would have done. The email giving us our SST was late - we were told we’d get it on a Monday, mine came three days later.
I immediately paid off the loan and after two weeks, the 2K+ in my savings is still locked, with no communication on how or when it will be released to me.
It helped when I needed it and it’s been paid off, but I’m still waiting on funds and I would not repeat.
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