CoffeeBreakLoans Review: Is It Legit?
- Max. Loan Amount
- $50,000
- APR
- 5.99% to 35.99%
- Min. credit score
- Undisclosed, but works with all credit types
Our verdict
A loan marketplace offering quick access to lenders for all credit types, but its lack of reviews makes it hard to assess reliability.
CoffeeBreakLoans is a new loan-matching service that connects borrowers of all credit types with a network of lenders offering a wide range of loan options. But with no way to contact customer service and no customer feedback available online, it's hard to tell if it’s a trustworthy option.
Best for: Borrowers of all credit types who want a range of loan options but don’t need hands-on customer support.
Pros
-
Works with all credit types
-
Wide range of repayment terms
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Competitive interest rates
Cons
-
Fees vary by lender
-
No customer feedback available
-
No options to contact customer service
Is CoffeeBreakLoans legit?
CoffeeBreakLoans appears to be a legitimate loan marketplace. Its site uses industry-standard encryption and other security features to keep users’ data safe.
But like many other loan brokers, CoffeeBreakLoans shares your information with its lender network and other marketing partners unless you opt out. Plus, there are no customer reviews available online, which makes it hard to determine if CoffeeBreakLoans is truly reputable.
What makes CoffeeBreakLoans shine?
As a loan-finding service, CoffeeBreakLoans connects users to a broad network of lenders, each using its own approval criteria. This variety gives borrowers more choices for loan amounts, interest rates, repayment terms and eligibility requirements, making it easier to find a loan that matches your needs.
For example, you can borrow anywhere from $1,000 to $50,000 through CoffeeBreakLoans partner lenders. APRs range anywhere from 5.99% to 35.99%, so you might find a competitive rate, especially if you have good credit.
You can also choose from a wide range of repayment terms, anywhere from 91 days to six years, allowing you to set up a repayment schedule that fits your budget.
Where CoffeeBreakLoans falls short
The biggest downside to CoffeeBreakLoans is the lack of feedback available from actual customers. The company doesn’t have an official profile on the Better Business Bureau (BBB) or Trustpilot websites, so it’s hard to know what to expect.
CoffeeBreakLoans also doesn’t offer any options for customer support on its website — no phone number, chat or email address. It’s unclear what customers should do if they run into any issues during the matching process. If you need more customer support, you may feel more comfortable with other top personal loan lenders.
Because CoffeeBreakLoans works with multiple lenders, terms and fees can vary widely, making it easy for borrowers to miss details like origination fees, prepayment penalties or high late fees. Without checking each offer closely, you might pay more than expected.
CoffeeBreakLoans loan details
| Minimum credit score/credit range | Undisclosed, but works with all credit types |
| APR | 5.99% to 35.99% |
| Loan amount | $1,000 to $50,000 |
| Terms | 91 days to 72 months |
| Approval turnaround | As fast as one day |
| Fees | No application fee Lenders may charge loan origination fee of up to 10% NSF, late, prepayment, and other fees vary by lender |
CoffeeBreakLoans contact information
| Phone number | Undisclosed |
| Customer service hours | N/A |
| Undisclosed | |
| TikTok | @coffee_break_loans_ |
| YouTube | @coffeebreakloans_com |
| @CoffeeBreakLoans | |
| u/coffeebreakloans |
Calculate your monthly loan payments
Use our personal loan calculator to estimate your monthly payments. Just enter your loan amount, interest rate and loan term to get an idea of what to expect.
Monthly repayment calculator
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How to qualify for CoffeeBreakLoans
To qualify for a loan through Coffee Break Loans, you’ll need to meet some basic eligibility criteria, including:
- Age 18 or older
- US citizen or permanent resident
- Government-issued identification
- Valid email address
- Valid home and work phone numbers
- Checking account
- Employed 90 days minimum at current position (or other recurring income)
- Income of at least $1,000 per month after taxes
How to apply
Applying for a personal loan through Coffee Break Loans is a quick process that involves a few straightforward steps:
- Provide basic information to prequalify. Fill out a short form on the CoffeeBreakLoans website, providing basic information about loan amount, credit score, contact information, income, etc.
- Get matched with lenders. Based on the information provided, CoffeeBreakLoans presents you with loan offers that match your needs.
- Select a loan offer. Review the loan offers and compare the terms to find which loan works best for you.
- Complete the application. You’ll be directed to the lender’s website, where you’ll need to fill out the full application and provide supporting documentation.
How CoffeeBreakLoans compares to other lenders
CoffeeBreakLoans reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | N/A |
| BBB customer reviews | No reviews |
| Trustpilot Score | CoffeeBreakLoans does not have any Trustpilot reviews. |
| Customer reviews verified as of | 28 September 2024 |
It’s difficult to gauge customer sentiment because CoffeeBreakLoans doesn’t have any reviews on the Better Business Bureau or Trustpilot websites. In fact, the company doesn’t have a profile on the BBB website at all.
When you search for CoffeeBreakLoan through BBB, all you’ll currently come up with is a business that sells physical supplies for coffee breaks. On the Trustpilot website, there’s a profile for CoffeeBreakLoans available with zero reviews, and the company has not claimed the listing yet.
What are people saying on Reddit?
There’s not much chatter about CoffeeBreakLoans on Reddit. There are three posts related to the company, with two being reviews. One recommends its services while the other does not.
The third posting is someone seeking information about CoffeeBreakLoans, but no one has commented in response. CoffeeBreakLoans has a user account on Reddit but hasn’t created any posts or made any comments yet.
Frequently asked questions
Can I get a loan through CoffeeBreakLoans if have bad credit?
CoffeeBreakLoans doesn’t specify a minimum credit score requirement on its website, but it openly welcomes all credit types. Checking loan offers requires only a soft credit check, so you can see if you qualify without hurting your credit. If you don’t have any luck, other personal loan lenders accept borrowers with less-than-stellar credit scores.
How long does it take to find a lender through CoffeeBreakLoans?
The prequalification process is fast and straightforward. It only takes a few minutes to complete and receive loan offers.
Is it possible to extend the repayment period on my current CoffeeBreakLoans loan?
CoffeeBreakLoans is a loan-matching service, not a lender. To find out if your repayment term can be extended, you’ll need to contact your lender directly.
Your reviews
Christi Finder
Contributor
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