LenCred Reviews 464

Lots of promises, no results. A little background here, our company has two business owners with 800+ credit scores, going on our fifth year in business and a revenue of close to 200k a year. We reached out to LenCred for assistance with a line of credit. We were made the promises, but have seen no results. All they have been able to accomplish is get us 3, 0% interest credit cards, which would have taken us about 10 minutes to apply for online. We were however, easily able to obtain lines of credit once we stopped waiting on LenCred and just called a few banks. They have no connections that I am aware of and we have received no benefit.

Jordan is amazing! Got me over $100k in business credit in just a few months while improving my personal credit to over 800 FICO score. He's quick to answer my questions and punctual in our monthly meetings. Very easy to work with and a great communicator. I highly recommend working with him and would do it again in a heartbeat. Thank you!

Lencred is a subsidiary to Monterey Financial Services Inc. (Loan Sharks - LOOK THEM UP) .

I used Flex Capital's, and Michael Higgin's "services" which consisted of smooth talking and passing me off to Lencred. He mentioned all the trustpilot reviews of Lencred. There were hundreds of glowing reviews which built my confidence in them. However, I would guess that these are fake reviews. Then when I engaged with Lencred, they filled out many credit card applications on my behalf. I was assured by Michael and Lencred that this will affect my credit score minimally "with an average of an 8 point drop." I experienced a significant drop - at the start my score was around 760, and last month a lender told me it was 614 citing all the new accounts and recent inquiries. To make matters worse, when a LenCred representative applied for a Discover card on my behalf, it triggered a fraud investigation that wound up with Discover shutting down my longest lasting credit card.

After realizing that this was hurting me more than helping me, I asked Lencred Compliance to cancel my participation in the program and for a refund. Lencred insisted they did nothing wrong citing their 7-page, rock solid agreement which absolved them of any responsibility. The fine print of this agreement also gave you a 72-hour window for a refund. Why such a short time period for such a "successful" and "well-liked" program? Because it's a $4k money grab with "services" that should be illegal.

My advice: engage a local bank/credit union for a personal/business loan, or if times are dire, a private lender who won't report to the credit bureaus.

This company is nothing but a royal pain. They make appointments and then have a third party call to change the appointment down the road 3 weeks. When you have a financial hardship they threaten to sue you instead of working with you. When you try to reach out to them they don{t take your call. Typical attitude when they get their money and forget who you are type attitude.

Was promised funding of $110k and did not receive 1/10th of that i want to get out of my contract do to breach of contract or get an settlement amount. Keenan 313-685-1565

My experience with Lencred has been an overall good one thus far. Jordan Thomas has been great to work with. He is very knowledgeable about the process and did a really great job onboarding me to the program. I ran into a small communication hiccup since starting. I contacted Jordan and he delivered once again with ownership and corrective action. He introduced Kattie Garrett and she did not disappoint. Kattie's customer support, prompt responsiveness and engagement has been stellar. I really appreciated her for stepping in to the new relationship, gathering facts, feedback and implementing corrective action immediately. Jordan and Kattie have worked together as a team to support me in Round 1 of the funding process and I must say they have more than exceeded my expectations. I will tell anyone....it works, if you work it. Keep up the great work team. We Rock Together!!

Jordan Thomas has been instrumental in helping me receive funding and made each step of the process simple.

Jordan is a gem!! He works hard to get the job done and is always available to his clients (me) and has helped with all of my questions.

I have a great experience working with Jordan.

Jordan Thomas and the Lencred Team have provided excellent service and coaching to establish and strengthen both my personal and business credit. I would recommend their service.

I've been in the LenCred program for almost two months and have been impressed with the service/advice that Jordan has provided and the results of the program. He's very thorough and creative meeting the needs of my new business, and helping navigate the unfamiliar business credit landscape.

Very satisfied

Jordan help me get the funding I deserve to start my business. He is very informative and answer every question I had.

I signed up with LenCred almost a year ago. I'm glad I did because not only did they get me all of the funding that they promised, they actually far exceeded the amount. That's probably because my credit score has increased by over 100 points since I started working with them. They also educated me in so many ways which actually helped ensure I didn't make the mistakes that many new entrepreneurs make. It is well worth the money and my return on investment was extraordinary. I highly recommend LenCred for any new or early stage company to get started on the right foot financially.

Though it was difficult for Jordan and I to get ahold of one another. One thing I appreciated was Jordan’s patience and willingness to do everything he could to make sure that I was right on track. I was able to learn and understand so much after our talk and I’m truly excited to see where my business will go. Thank you everyone at Len Cred. Thank you Jordan for being so awesome!

I have had a great experience working with the LenCred team. Jordan has been instrumental leading my funding plan and it has been a great addition to my new business. The entire team has been easy to work with and super informative, giving me a wealth of knowledge in the credit and funding space. I would recommend for any small business owner or real estate investor looking to build business credit or obtain additional funding.

Mandel Whitehead signed me up for program giving me all false information after signing up there is no one to actually give training and once the training starts you will hear complete different things then what was told to you before you sign up ? and when i am not happy and requested for refund they said no refund but before i signed up they said 30 days refund not they will take my $7800 by cheating me .

I am a Business Loan Broker who offers LenCred’s BOSS programs to my clients, among other funding solutions. I have also been through this program myself. Based on my client’s experiences and my own personal experience, I can confidently say that the only time this program does not help you is when you do NOT execute the strategies in this program. If you listen to what your Business Finance Strategist, Business Credit Advisor, and Personal Credit Advisor tell you, you will be successful! No doubt in my mind. No company does what LenCred does. Other companies do parts of what LenCred does, but none are doing what these guys are doing. They are an innovative brand that just keeps getting better each day. I know they are working on additional game changing projects. Can’t wait to see what they bring to market next. Highly recommended!

I'm an independent business loans broker and represent over 20 lenders. The most frequent inquiries are fast loans for startups, and I have 3 lenders in that space with origination fees of 10%-15% and interest rates of 9%-15% and up.
Here is my experience when I started offering LenCred as an option. Comparing all 4 options side-by-side, 90% of my clients choose LenCred, for the following reasons:

1. no origination fees
2. zero-interest for the first year
3. renewal rates can be driven down to 3%-4%
4. 75% of clients need credit repair - this is provided at a wholesale rate and done quickly by a third party
5. a genuine commitment to help clients secure the cheapest funding in the market (i.e., lay a secure financial foundation for their success)
6. relationship-driven, not transaction-driven

If your hair is on fire and you need a loan yesterday, this won't work for you.
If you want to invest in your future with a trustworthy partner, you can't do better than LenCred.

I have used this program and process for 3 different companies. They have created a system that has really worked on stuff to help my business that I never even thought of. I have literally tried to find other funding companies get me more money since getting access to money can make the difference of staying in business or not and let me tell anyone reading this. ANY other company I inquired with wanted to charge me 10% to 15% of the money they got me. The lowest I got from a lending company was 9.9% and they said if they got me under $40,000 I would pay 11.9% and if they got me no money I would have to pay $795 for taking there time! What kind of crap is that! This is a flat fee, and it’s the lowest price I have gotten to get me to the money. What I also thought made this whole process better is they will actually help you fix the stuff holding you back personally and business wise. No one else even mentioned it. So happy with this company is an understatement. When ever I call them, they answer and help me every time. I have some that helps me on my personal credit and making sure everything looks good there. I have someone on business credit and they showed me exactly what I need to do to build my paydex score and the intelliscore. Then the funding person takes over and gets me my money! I paid 5k for all of that!!! Im telling you right now, LenCred is the truth!!!!!!!!!!!

Not a trustworthy company. Taking a lot of people's money. Ripping a lot of people off.