Coffee break loans is such a platform from where one can apply for loan from 1000$ to 5000$? Its APR ranges from 5.99% to 35.99%.
Apart from this, it gives minimum 91 days and maximum 72 months time for repayment. Now the question is whether it really gives loan? Are Coffee break loans real or fake?
About Coffee break loans
Coffee break loans is not a lender, it does not give loans on its own, it is just a medium of giving loans. It collects your information, after which the lender takes your information and gives you a loan.
Coffee break loans have no interference in the loan granting process. Coffee break loans is neither a lender nor a broker, nor collects payments, nor funds nor makes payments.
When you give your information to take a loan, this information is taken only to give you the loan. Coffee break loans is not an agent of you or any lender or any financial service providers.
How to get loan in coffee break loans?
When you submit your information to Coffee Break Loans, a network of Approved Lenders reviews your information. If your information is correct then you become eligible for the loan and you get the loan.
The lender may also request more information from you. Coffee break loans sends you the lender’s information, then you can see as per your choice from which lender you want to take the loan.
Who are coffee break loans right for?
Coffee break loans are suitable for those whose credit score is very low. If your credit score is very low then you can take a loan from Coffee break loans.
Should one take loan from Coffee Break Loans or not?
Taking a loan from coffee break loan can be quite risky and the lender can also misuse your information. This platform is not taking any responsibility in any way.
If your credit score is good then you should take loan from a trusted source only. You may suffer loss by taking loan from this platform.
Coffee break loans real or fake
Coffee break loans is a real website but this website is not completely secure. This website provides services like loan, insurance, credit card, car insurance.
This site has scored 50 out of 100 on Scamadvisor. This site has also hidden its identity. Apart from this, many scammers and spammers have registered on this website.