customer
I applied for a $31,100 loan and ended…
I applied for a $31,100 loan and ended up with a $31,600 loan. That $500 extra must have been somewhere in the fine print.... These people are shady. Would rate 0 stars if I could.
Reply from LendKeyJul 12, 2019
Thank you for your message. Your current loan continues accrual interest between when you apply for a loan through LendKey and when your current loan servicer processes the payment. Based on the loan statements you provide, we account for daily interest accrual needed for the loan to be paid-in-full with the current lender, and adjust your total loan amount to reflect the added accrued interest. Once the payoff is processed with your current servicer, they will return any overages to you, or to us, if sent to us, we will apply the refund as a principal-only payment and retroactively date the payment to the date of disbursement so that no interest is charged on the overage added. If you have any further question, please contact our loan specialists at 888-549-9050 Monday-Friday 9 AM - 8 PM Eastern or email [email protected]


