Good for: Fast Cash, Easy Approval, Personal Loans, Debt Consolidation Loans, Building Credit
AmOne will connect with a lender that provides personal, small business, or debt consolidation loans based on your needs. Bear in mind, AmOne is not a direct lender. They are a loan matching service.
A personal loan is an unsecured loan that has fewer approval requirements when compared to traditional loans. It’s an unsecured loan so you don’t have to put up collateral and, most times, lenders don’t conduct a credit check. Another name for personal loan is signature loan. This is more representative of what you need to qualify, which is just your signature. However, reputable lenders will perform a soft credit check, which doesn’t ping your credit, to make sure you can afford taking out a loan.
Small Business Loan
This type of loan is typically used to get your small business off the ground or serve as your day to day operating funds. In order to qualify for one of AmOne’s small business loans, you have to have been operating for 2+ years and have good business credit established. This leverages their loans to be used for operating cash or taking your small business to the next level.
Debt Consolidation Loan
Debt consolidation loans, or debt relief loans, are loans that make getting out from under debt easier. Having multiple debts to pay off with different interest rates and loan terms can get real overwhelming, real fast. Debt consolidation loans allow you to pay off all of those loans in one go and then you just pay back that loan to a single lender with a single interest rate.
When you submit your application on AmOne’s site, they send your information off to their network of lenders to see if you qualify for their loans. This service is provided free of charge to you so there won’t be any hidden fees on the back end. You’ll get an approval decision by the next business day and be able to choose which lender you want to go with.
You can qualify even if you have bad credit. AmOne has lenders that specialize in bad credit loans.
- Government Issued ID
- Social Security Card
- Proof of Residence
- Loan Amount: $1,000 - $100,000
- Loan Duration: Not listed
- Collateral Needed: Not listed
- Interest Rates: Not listed
- Minimum Credit Score: Not Listed
- Approval Time: Not listed
- Loan Deposit Time: Not listed
- Late Fees: Not listed
- Insufficient Funds Fees: Not listed
HOW TO APPLY
There are two ways to submit your application to Amone’s lender network; 1) calling their toll-free number, 1-800-781-5187, and 2) submitting your application on their website that takes a few minutes to fill out.
On the surface, AmOne looks like they’re a decent loan matching service. They’re a bit rough around the edges and they lean heavily on the industry jargon and boilerplate, but that’s not a dealbreaker.
They have a fast response time, they’ve been featured in major publications, and they provided a wide range of lending services that range from $1,000 to $100,000. They have all the makings of a great service.
However, they have a serious transparency problem.
If you’ve read our other reviews, you know how much we dislike companies that don’t disclose information about their services and how that goes double for the financial industry when such sensitive information (and hard money) is on the line.
AmOne seems to go out of their way to not mention, hide, or otherwise obscure the information you need to make an informed decision about applying for their loan matching service. Understandably, interest rates vary from vendor to vendor and application to application, but to simply not include a “standard” band of interest rates is downright lazy and bad for business. We had to look on other sites to discover this information that should be disclosed on theirs.
Many applicants mentioned in their reviews that they did get a loan funded through AmOne’s lender network, but they had interest rates in the triple digits going as high as 750%.
AMONE BBB REVIEWS
AmOne's BBB listing has been open since 2001 and while they have an A+ BBB rating, they aren't accredited with the BBB. They also have 0 BBB compaints and 0 BBB reviews. They do, however, have 235 reviews on ConsumerAffairs with a 4.8 rating despite not being part of the ConsumerAffairs accreditation program.
IS AMONE GOOD FOR YOU?
No. The lack of transparency is one of our biggest pet peeves. They don’t disclose a possible range of interest rates you can expect, they’re not accredited with the BBB, and they don’t disclose the lenders they give your personal information to. We can’t recommend going with them even with their positive customer ratings. Hard pass until they disclose more information about their services.