Hey guys, Can someone tell me about Golden Eagle Lending? I got a letter saying I could get a loan to put all my debts together. It says the interest rate is 3.89%, and I could borrow up to $70,000. Is this real, or is it too good to be true?
Golden Eagle Lending appears to be a legitimate lending company, but it’s essential to exercise caution and verify the offer before proceeding. Here are some steps you can take to determine if it’s real:
Check the Legitimacy: Look up Golden Eagle Lending online and see if they have a professional website, contact information, and customer reviews. Legitimate lending companies typically have an online presence that includes reviews from other borrowers.
I got a letter like yours. It said I could get a $32,500 loan to combine my debts. The monthly payment would be $121.27 at 3.89% interest.
But the company isn’t about loans, it’s about helping with debts. They want me to pay $317/month, close my credit cards, and charge no interest. They make money from the credit card companies later.
Closing the cards will hurt my credit score. It’s not a good idea unless you’re really stuck. I know because I work with bankruptcies.
I told the person I talked to that I didn’t like how they trick people into calling.