ZippyLoan Review: Fast Loans Under $15k for Poor Credit Borrowers
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- Max. Loan Amount
- $15,000
- APR
- Varies by lender
- Min. credit score
- Not stated
Our verdict
A loan matching service with fast approvals, flexible amounts and no minimum credit score.
ZippyLoan’s loan matching service makes it possible for borrowers with bad credit to find lenders willing to work with them. It only takes a few minutes to complete the loan request and receive potential matches. Interest rates may be high depending on your credit history, so evaluate offers carefully to be sure you can make the repayments.
Best for: ZippyLoan is best for people with poor credit who want fast, small- to mid-sized loans.
Pros
-
All credit types accepted
-
Funding as quick as one business day
-
Low minimum loan amount of $100
Cons
-
Interest rates may be high
-
Loans top out at $15,000
-
A lender match is not guaranteed
Is ZippyLoan legit?
ZippyLoan is a legitimate loan-matching service, but its online reputation is less than stellar. There are multiple complaints of scammers using the ZippyLoan name to defraud customers. If you choose to use ZippyLoan, make sure you only use the company’s official website.
If you have trouble navigating the application process, help may be hard to come by. There is no phone number or email address provided for ZippyLoan customer service. Once you’ve received your matches and been approved for a loan, you’ll need to talk to your lender directly if you have any issues instead of contacting ZippyLoan.
What makes ZippyLoan shine?
ZippyLoan is a loan-matching service that connects borrowers with offers from a network of more than 100 lenders. After providing your name, address and income information, you can receive matches in minutes. The site is free, easy to use and available 24 hours a day, making it a convenient option for potential borrowers.
ZippyLoan stands out because many of its lending partners will work with you even if you have poor credit. They offer a wide variety of loan types to meet different financial needs, allowing you to borrow anywhere from $100 to $15,000. You can take out short-term or long-term loans, with repayment periods ranging from six to 60 months.
ZippyLoan also lives up to its name, working with lenders who provide loans fast. Once your application is complete and approved on the lender site, you can receive funds in as little as one business day.
Where ZippyLoan falls short
The biggest drawback to ZippyLoan is the potential for high APRs. The best loan terms are typically offered to applicants with a solid credit history. While you may get a loan match despite a low credit score, you’ll likely pay more in interest.
Plus, ZippyLoan doesn’t offer the best customer service. The website doesn’t list a telephone number or email address for customer support, making it difficult to get help when you need it. Also, ZippyLoan isn’t licensed to operate in New York, Oregon or West Virginia.
ZippyLoan loan details
| Minimum credit score/credit range | No advertised minimum credit score |
| APR | Varies by lender |
| Loan amounts | $100 to $15,000 |
| Terms | Up to 60 months |
| Approval turnaround | Receive matches within minutes; loans disbursed as soon as one business day |
| Availability | Not available in: New York, Oregon, West Virginia |
| Fees | No fee to use the ZippyLoan site; other fees vary by lender |
| Other fees | Varies by lender |
How to qualify for ZippyLoan
There’s no minimum credit score required for ZippyLoan’s service since each lender has different requirements, but you need to meet the following criteria:
- Be 18 years of age or older
- Provide proof of your identity
- Earn a regular income that can be verified
- Have an active bank account in your name
- Reside within the United States (but not in New York, Oregon or West Virginia)
How to apply
Once you’re on the ZippyLoan website, applying is easy. Simply select the Get Started button to access the application then:
- Enter basic information. Enter your name, date of birth, credit type (poor, fair, good or excellent), amount requested and the purpose of the loan in the Introduction section.
- Provide financial information. Provide income information, including the source of your income, your monthly earnings, how you receive income (paper check/direct deposit, checking/savings), how often you get paid and the date of your next payday. You’ll also need to enter the name of your employer and position, how long you’ve worked there and a work phone number.
- Add contact and personal information. Complete the contact and deposit details section by providing your address, time at residence, whether you rent or own, phone number, social security number, driver’s license number, bank account name, routing number and account number.
- Get matched. Receive matches for potential lenders within minutes. Then, ZipplyLoan directs you to the lender’s website, where you’ll complete the full application. Once the lender has approved your application, you may receive your loan in as little as one business day.
How ZippyLoan compares to other lenders
ZippyLoan reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | A |
| BBB customer reviews | 1 out of 5 stars, based on 2 customer reviews |
| Trustpilot Score | 3.2 out of 5 stars, based on 1 customer reviews. |
| Customer reviews verified as of | 26 August 2024 |
There aren’t many ratings or reviews of ZippyLoan available, which makes it hard to assess the company’s reliability. Of the reviews that customers made, the primary complaint is receiving unwanted emails with no way to unsubscribe. In response to these complaints, ZippyLoan states that the company doesn’t send any communications directly to users about loan approvals.
Some customers also complain about predatory practices, such as money being withdrawn without consent. ZippyLoan contests the allegations on the Better Business Bureau site, stating that these customers were likely defrauded by someone falsely using the ZippyLoan name.
Frequently asked questions
Can ZippyLoan connect me to a lender if I have bad credit?
Yes, ZippyLoan is known for its large network of 100+ lenders, including some that work with borrowers with bad credit.
Is it safe to use the ZippyLoan site?
Yes, the ZippyLoan website is safe to use. ZippyLoan relies on industry-standard security measures and enhanced 256-bit encryption technology to ensure your data is secure.
Can I use the ZippyLoan site outside of regular business hours?
Yes, you can find lenders through ZippyLoan 24 hours a day, seven days a week.
How will I know that ZippyLoan has connected me to a lender?
After you complete your loan request, ZippyLoan immediately notifies you of any matches directly on the website. Then, it directs you to the lender’s website, where you’ll finalize your loan.
Is it possible to get an extension on loans through ZippyLoan?
Because it’s a loan matching service, ZippyLoan isn’t responsible for offering loan extensions. You’ll need to contact your lender directly to learn about specific extension options.
Your reviews
Christi Finder
Contributor
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