Vivo Credits review

Is Vivo Credits legitimate?

We can’t say Vivo Credits is legitimate for a few reasons. Our research into the provider turned up the following concerns:

• Not registered. We couldn’t find any results listed for Vivo Credits when we searched Canada’s Business Registries.
• No phone number. There are no phone contact details listed on the Vivo Credits website. If you want to get in touch with the provider, you’ll need to send an email.
• No Canadian address. There’s no Canadian office address listed on the Vivo Credits website. Instead, the contact page lists an address in Riga, Latvia.
• Multiple business names. The Vivo Credits website lists multiple different business names. For example, the website contact page mentions “Bioenergy Trade Ltd,” while the privacy policy mentions “MONI LIMITED” doing business as “Moni365.”
• Not Better Business Bureau accredited. We couldn’t find a Better Business Bureau listing for Vivo Credits.
• Underdeveloped website. There’s limited information on the Vivo Credits website. For example, there are no APR ranges listed and no details about the lenders Vivo Credits works with.

Legitimate alternatives to Vivo Credits

Searching for a loan from a legitimate lender? Check out alternatives to Vivo Credits in the table below.

Related: Fast, easy loans in Canada

What is the Vivo Credits application process like?

You can apply with Vivo Credits by completing the following steps:

1. Visit the Vivo Credits website.
2. Use the slider to select your desired loan amount.
3. Use the next slider to select your desired loan term.
4. Enter your email address and phone number before selecting Check Your Loan Options.

When we tried to do this, we got an error message saying the page wasn’t redirecting properly. We recommend being extremely cautious about providing your contact details on this platform.

Features of Vivo Credits

Vivo Credits claims to offer the following features to borrowers:

• Not a lender. Vivo Credits says it is a loan search platform, not a lender.
• Loans of up to $50,000. Vivo Credits says it offers a search engine for personal loans up to $50,000.
• Unsecured. Loans are unsecured, which means you don’t need to provide an asset as collateral.
• Terms of up to 5 years. Loan terms range from 6 to 60 months.
• Fast applications. You can fill out a Vivo Credits loan search form in 60 seconds.
• Bad credit is OK. Vivo Credits says it will review applications from borrowers with any credit history.

Related: Best bad credit loans in Canada

What to watch out for

Before searching for a loan with Vivo Credits, keep the following factors in mind:

• May not be legitimate. As we mentioned, there are several key factors that make us concerned about the legitimacy of this platform. Searching for loans on Vivo Credits requires you to supply your phone number and email address, while applying for loans in general requires you to provide plenty of personal and financial information. Make sure you’re dealing with a legitimate provider before handing over any of your details. Learn more about personal loan scams in our guide.
• No Canadian phone number or address. If you have a problem with the service offered by Vivo Credits, you won’t be able to get in touch via phone or by visiting a Canadian office in person.
• Limited information. There’s minimal information on the Vivo Credits website about the lender, its partners and the loans it offers.
• No customer reviews. We couldn’t find any customer reviews for Vivo Credits online, so we can’t point to any users who have had a positive experience with the platform.
• Read the loan contract carefully. Before signing a loan contract with any lender, read your loan contract thoroughly to make sure you understand exactly what you’re getting into.

Bottom line

If you’re thinking of searching for a personal loan with Vivo Credits, we recommend considering other options. Compare unsecured personal loans from a range of lenders to find a loan that suits your needs and budget.