Savers Resource Loans Reviews – Everything You Need To Know

Savers Resource Loans is a company that provides personal loans to consumers. As with any lender, it’s important to do your research before applying for a loan. Here is a comprehensive overview of Savers Resource Loans based on reviews and information online.

Overview of Savers Resource Loans

Savers Resource Loans offers personal loans ranging from $500 to $10,000. They market themselves as a company that provides access to emergency funding for things like medical bills, car repairs, and other expenses.

The company has a website at savvysaversource.com. However, there is very little information about the company available online. The website itself contains no information about loan terms, requirements or application process.

Savers Resource Loans Reviews from Customers

There are no customer reviews for Savers Resource Loans on their website or anywhere else online. This lack of reviews is concerning, as most established lenders have at least some customer feedback available.

While no direct customer reviews could be found, there are some reviews for the parent company of Savers Resource Loans, Personify Financial On Glassdoor, Personify Financial has a 2.1 out of 5 star overall rating based on 39 reviews

The reviews cite issues like poor management, high pressure sales tactics, and lack of training. One reviewer wrote: “Management was only concerned about numbers, not actual people. Felt more like used car sales.”

Loan Terms and Requirements

Since Savers Resource Loans provides no information on their website about loan terms, requirements, or fees, it’s impossible to know what to expect.

Most personal loans range from 3-5 years in length with APRs from around 5% to 36%. However, every lender is different. Without transparency from Savers Resource Loans on loan details, consumers are left in the dark.

Applying for a Loan with Savers Resource Loans

The website contains no information on how to apply for a loan. Typically, the application process for personal loans involves submitting information like:

• Basic personal information (name, address, SSN, DOB)
• Employment and income information
• Credit history and score
• Bank account details
• Requested loan amount

However, with no insight into Savers Resource Loans’ application, it’s unclear exactly what information is needed to apply or how the process works.

Can You Trust Savers Resource Loans?

The lack of reviews and company information makes it very hard to judge if Savers Resource Loans is reputable. There are a few red flags to note:

• No loan terms, requirements or details available
• No reviews from actual customers
• Parent company Personify Financial has very bad reviews
• Website contains little real information overall

When dealing with any lender, transparency is key. The lack of available information on Savers Resource Loans makes it impossible to determine if they can be trusted.

Alternatives to Consider

Given the lack of transparency and reviews for Savers Resource Loans, you may want to consider alternative lenders if you need a personal loan. Some options to explore include:

• Banks and credit unions – May offer personal loans and you have an existing relationship.
• Online lenders – Companies like LendingClub, Prosper, BestEgg. Check for reviews.
• Peer to peer lending – Connects borrowers with investors. Try companies like Upstart or SoFi.
• Payday alternative loans – Offered by some credit unions at lower rates.

Make sure to thoroughly research any lender and check reviews before applying. Avoid options with little verifiable information available.

The Bottom Line

Savers Resource Loans provides little concrete information about their personal loans or company. With no loan terms, requirements, or customer reviews available, it’s impossible to determine if they are reputable. Consumers should be very cautious and explore alternative lenders with more transparency. As with any loan, be sure to understand all terms and get information in writing before agreeing to borrow.