5kfunds.com is a lending platform connecting borrowers with possible lenders for personal loans. They say it’s easy to apply, and you can get your money quickly for bills or other expenses.
In the article, we will do a detailed review of 5kfunds.com finding some red flags and helping you decide whether it’s legit or a scam.
| Feature | Details |
|---|---|
| Loan type | Personal loans |
| Loan amount | $500 – $35,000 |
| Loan term | Up to 72 months |
| APR | Starting from 5.99% |
| Minimum credit score | None |
| Monthly fees | None |
| Payout time | Within one business day |
| Weekend payout | Not available |
| Requirements | |
| – Age | At least 18 years old |
| – Citizenship | U.S. citizenship |
| – Bank account | Active |
| – Income | Regular |
| – Contact | Valid phone number and email |
Is 5k Funds Safe?
We found some red flags based on our deep research and honest user reviews on Trustpilot and Reddit.
1. Request for Personal Information
Some users feel nervous about providing their personal information, such as bank details to 5kfunds.com. Some express discomfort after sharing their information, while others choose not to proceed without providing their bank details.
2. Lack of Transparency
Users have complained that it’s hard to understand how loans work on the website. 5kfunds.com didn’t tell the users what the interest rates were before they gave our personal details, who was suitable for the loan.
3. Spam Emails and Calls
Most users complained that they were receiving multiple spam e-mails and calls after providing their information to the site. Some even got bad effects on their credit reports after applying for a loan here.
4. Predatory Practices
People say this website is bad. They say it takes a lot of your personal info, even your bank details like account number and routing number. If you want a loan, they might just take whatever little money you’ve got in your account.
Our Opinion
In our opinion, since most reviews on Trustpilot & Reddit are negative, 5kfunds.com is not trustworthy and could be a scam. it asks for a lot of Personal Information, lacks transparency, and sends Spam Emails and Calls.
Read: TLC Trading review
5kfunds.Com Review
Our Review
In our opinion, since most reviews on Trustpilot & Reddit are negative, 5kfunds.com is not trustworthy and could be a scam. it asks for a lot of Personal Information, lacks transparency, and sends Spam Emails and Calls.
[…] Read: 5kfunds.Com Review […]
[…] Read More: 5kfunds.Com Review […]