Tremont Lending Review

Tremont Lending is owned by Tremont Financial, LLC, a Native American, the Big Valley Band of Pomo Indians, owned business. They offer no credit check payday loans for individuals who meet the minimum requirement. Those requirements include three months of work history, active checking account with direct deposit, $1,200 verifiable monthly income, have a work and home phone, have less than seventy-five percent of monthly income in outstanding loans, access to a fax machine, and several others. Once customers have had their information verified and he or she has agreed to the terms of the loan, the lender will deposit the borrowed funds into the customer’s bank account.

Tremont Lending does not have many complaints about their business practices. In addition, they have posted several positive customer comments on their sight, such as the company being there for several clients during his or her financial troubles. Also, there are no rip off reports or forum complaints about this no credit check payday loan company.

 

Tremont Lending Company Information

The Better Business Bureau has given Tremont Financial, LLC / Tremont Lending a high score and there is only a small amount of complaints against this lender.

 

BBB Rating: A+

Total BBB Complaints: Seven

Dated Opened: 11/01/2004

Principal: James Jacobson

Business Address: 101 N Main Ave # 230, Sioux Falls, SD 57104-6452

Business Phone: (605) 444-8012

Business Email: [email protected]

Business Website: https://www.tremontlending.com/Default.aspx

Loan Maximum: $750.00

 

The seven complaints about Tremont Lending and their, no credit check loans have been closed. The most recent complaint was for problems with products or services offered by the company and was dated on January 2, 2012. However, the issue has been resolved.

Overall, this payday lender seems to be legitimate and well-liked by the majority of their customers. The cost of their no credit check payday loan for their customers is $30 dollars for each $100 dollars that is borrowed. These loans are short term for repayment.

In addition, Tremont Lending charges fees and twenty percent of the loan amount for each extension the customer requested. The total number of extensions or deferrals is four per customer per loan.  Also, if the customer does not give a minimum of two days’ notice, the deferral will be denied. However, these terms have no bearing on the customer satisfaction of this payday lender. Tremont Lending appears to be an acceptable lender for financial emergencies, such as unexpected bills or medical issues.

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