Bob C.
Horrible outcome
Horrible outcome. Went to Yarrow because I wanted a less expensive alternative to my current OnDeck line of credit. I explained to Ray that I liked the way it worked, just the interest was too high. I was needing a short term bridge loan until one of my flip houses sold/closed. Ray was very nice on the phone and said that he could set me up with a system the would get increasingly better, but even in the beginning would still be less expensive than the OnDeck LOC. (OnDeck had cost me $3000 for $60000 for 1 month) He then got me set up with a loan through Credibly. This new “better plan” ended up costing me $37,000 for $100k after 1month. And then communication ended with Ray and I couldn’t get calls/texts/emailed returned. After going back through the creatively worded contract, Credibly does not charge interest monthly/daily, like any other loan I’ve ever had. They charge it all up front. If this was intended to be short term from the start, how does a loan with no prepayment clause make ANY sense? And I already had excellent credit to start with. I’m sick to my stomach every day on how much money I got screwed out of on this deal.



