It’s easy to find yourself strapped for cash, and when payday is too far away, many of us find ourselves looking for personal loans.
AmOne is like many of the other loan provider services out there in that it can give you a personal loan to help you out of a jam. Although you’ll always have to pay some money in interest on these sorts of loans, using a company like AmOne can make it a bit easier to get your bills paid on time.
In our AmOne review, we’ll tell you everything you need to know about whether this is the loan provider you should consider for getting fast personal loans with low monthly payments.
What is AmOne?
AmOne offers personal loans in amounts ranging from $100 to $10,000 – but this company doesn’t offer personal loans itself.
Instead, when you fill in the online form on AmOne, you’ll be run through a state-of-the-art search process to find the best loan offers and loan terms out there from a long list of matching specialists.
You’ll also be able to access customer reviews and help from a professional loan matching service so that you can make the best and most informed decision based on your financial history and goals.
In addition to offering a personal loan matching service, AmOne also has other features to help in your journey toward reaching your personal finance goals. For example, you can look for credit cards that you might qualify for.
Is AmOne a Direct Lender for Personal Loans?
AmOne is not a direct lender. It is more of an online marketplace that pulls together loan results from a wide variety of lenders. It doesn’t set an APR range, penalties, or origination fees – these are all set by the individual lenders and financial institutions themselves.
How Does AmOne Work for Personal Loans?
To get a loan with AmOne, you’ll need to first sign up for an account. For this, you will need to be at least 18 years of age or older and have a valid Social Security number. You should also be a US citizen and have a steady source of income.
As you might imagine, there are other basic requirements you must meet – you need to have a valid bank account, as well as a telephone number and email address.
After you’ve provided your information, you can click the button that says “Find My Loan” and complete your loan request.
You’ll have to provide information such as the purpose of applying for the personal loan, your desired amount, and your credit score.
After that, you’ll be presented with a variety of personal loans. Then, you choose one that works best and wait for the lender to contact you. In some cases, you could have the funds in your bank account in less than a day!
Does AmOne Run Your Credit?
AmOne runs a credit check, but only what is known as a “soft credit pull.” This helps the company provide the best personal loan options for your needs.
The soft credit pull is necessary because it gives AmOne an idea of your credit score to give you the best idea of which sorts of AmOne personal loans are right for your unique credit history.
You’ll be able to see the different interest rates and loan terms without having to actually go through the process of applying with the actual lender.
Does AmOne Affect Your Credit Score?
The best part about using AmOne is that doing so does not affect your credit score.
Since you aren’t technically applying for a personal loan through AmOne – just seeing available loan options – you don’t have to worry about your credit score taking a hit.
In fact, a “hard credit pull” won’t occur until you actually decide on a loan and complete the application process with the lender. This does affect your credit score, but only by a few points – and the good news is that it is only temporary.
Can You Use AmOne for Debt Consolidation?
Yes. AmOne provides personal loans for just about every financial need you can imagine, from seed money for small business owners to financing for major purchases, paying down medical bills, or even debt consolidation.
Whether you want to consolidate credit card debt or consolidate debt of other types, AmOne is the way to go.
Using AmOne to find a personal loan won’t cost you a dime. Since AmOne personal loans actually run through other lenders, you don’t have to worry about paying any extra fees.
Of course, you’ll be paying interest rates and fees to other lenders – but these are set by the lenders and not AmOne directly.
Instead of charging you for the transaction, AmOne makes money by tacking on a fee for the individual lenders. These companies pay a fee to have their results shown on the AmOne portal.
Is AmOne Safe?
AmOne is a legitimate company that does not store your personal information. You don’t have to worry about hackers, since everything is protected with bank-level security as you are going through the loan process.
Your details will only be shared with the lending partners – all of whom also have bank-level security – so you won’t find yourself plagued with surprise calls from obnoxious telemarketers as soon as you fill out an application.
Not only that, but the loan process is secure, safe, and totally confidential.
Customer Service at AmOne
If you have difficulty with any aspect of applying for AmOne personal loans, don’t worry – you’ll be supported every step of the way by quality customer service professionals.
The company employs helpful live loan experts who are standing by to help you with whatever you need. They can be contacted online or via the company’s loan hotline at 1-800-781-5187.
AmOne Pros and Cons
Below are some of the biggest advantages and disadvantages of using AmOne to find your next personal loan.
Pro: Fast Lending Process
Working with AmOne is quick and easy. Although the amount of time it takes to get a loan varies depending on a variety of factors, it usually takes just a day or two to get the funds you need right in your account.
Pro: Wide Variety of Loan Options
You can search for just about any kind of loan amount with AmOne, and it doesn’t necessarily matter what your minimum credit score is and what your credit report looks like. There’s truly something on this platform for everyone.
Pro: Great Customer Support
When it comes to online marketplaces that pull results from a variety of partnering lenders, it can sometimes be hard to find the help you need if you run into any hiccups during the process.
That’s not the case with AmOne. Countless AmOne review writers claim that their experience with this service was nothing but positive, with customer service being some of the best around. Although AmOne is not accredited by the Better Business Bureau, it has countless positive reviews online.
Pro: No Hard Credit Check
AmOne is an online marketplace that doesn’t perform a hard credit check on your credit report – meaning your score won’t drop after you apply. There’s no minimum credit score to use this service, and you can search to your heart’s content without worrying about the overall impact your queries might have.
Con: Can Be Difficult to Find APR for Personal Loans
One of the biggest challenges of using companies like AmOne to search from a variety of personal loan options is that it can be tough to find good information on each loan unless you speak directly to the lender, which can, of course, add time to the process of getting a loan.
APR is an important variable to consider when you’re going through the application process for a loan, since it has an impact on the overall loan amount, just like interest rates.
It can be tough to see the APR until you are a bit further along in the application process – something that can be frustrating, to say the least.
AmOne Competitors and Alternatives
AmOne isn’t the only website you can use to help you find a loan. Some other alternatives include LendingTree and Rocket Loans.
Rocket Loans has a different funding window, with personal loans displayed only for amounts ranging from $2000 to $45,000. Rocket Loans also partners with a wide variety of lenders and also offers services for other types of loans, such as mortgage loans – meaning it might be better for borrowers with other kinds of needs.
Another alternative is LendingTree. LendingTree, like AmOne, offers quality loans with better rates that can be used for everything from debt consolidation to bill pay. There is also same-day financing available. Some have said that the customer service at LendingTree isn’t quite as wonderful as what you’ll get at AmOne, but the plus side is that LendingTree has been around for quite some time – you have to trust reputation!
Ultimately, any of these three marketplaces should prove to be helpful in your search for a personal loan. Use all three, and you’ll likely find that the results you receive match up pretty well between the three.
Is AmOne a Reputable Company?
AmOne is a totally legitimate and free service that matches customers to real leaders and loan options near them. You’ll find lenders who are happy to work with borrowers just like you to help you find the terms and loans you want and need.
Of course, you will want to make sure you read all terms and conditions carefully to make sure you don’t overpay on interest for the money you need.
Give it a try – you’ve got nothing to lose!