Is Viva Payday Loan a Safe and Reliable Option

If you're considering Viva Payday Loan as an option, it's natural to wonder if it's a safe and reliable choice. Viva Payday Loan is a licensed lender in the UK, as stated in their licensing information.

Their website is SSL-encrypted, which means your personal and financial information is protected from unauthorized access. This is a crucial aspect of online lending, and it's reassuring to know that Viva Payday Loan takes security seriously.

However, it's essential to be aware of the high interest rates associated with payday loans, including those offered by Viva Payday Loan. They charge interest rates ranging from 800% to 1200% APR, which can lead to a cycle of debt if not managed carefully.

Viva Payday Loan is a short-term loan service that offers cash advances to individuals in need of immediate financial assistance.

They provide loans up to $2,000, which can be repaid over several months.

The application process is online and typically takes only a few minutes to complete.

Viva Payday Loan is not a lender, but rather a loan brokerage service that connects borrowers with a network of lenders.

This means that borrowers may have access to multiple loan options and can choose the one that best suits their needs.

The interest rates and fees associated with Viva Payday Loan vary depending on the lender and the borrower's creditworthiness.

Borrowers can expect to pay interest rates ranging from 200% to 600% APR, making it essential to carefully review the loan terms before accepting.

Repayment terms can range from 2 to 6 months, giving borrowers some flexibility in terms of repayment schedules.

To qualify for a Viva Finance loan, you'll need to meet some specific requirements. You must work for an employer supported by Viva Finance, have a work email, and be employed for at least one year.

You'll also need to have government-issued identification and be at least 18 years old. These requirements are straightforward and easy to meet.

Here's a breakdown of the loan details:

The loan is available in 28 states, including Alabama, Arizona, and California.

To qualify for Viva Finance, you'll need to meet some straightforward requirements. You must work for an employer supported by Viva Finance, which is a key aspect of their lending process.

Having a work email is also a necessity, as it's a way for Viva Finance to verify your employment. Be employed for at least one year, as this demonstrates stability and a steady income.

Government-issued identification is also required, which is a standard practice for financial institutions. You must be at least 18 years old to qualify for Viva Finance, as they only lend to adults.

Here are the specific requirements to qualify for Viva Finance in a concise format:

Viva Finance loan amounts range from $1,000 to $10,000.

The APR for Viva Finance loans can be as high as 35.99%, but it's also as low as 11.99%.

Loan terms with Viva Finance can last anywhere from 5 to 24 months.

You can get approved for a Viva Finance loan as soon as the same day.

Viva Finance is available in 26 states, including Alabama, Arizona, and California.

Here's a breakdown of the loan details:

Viva Finance has a mixed record when it comes to customer reviews, with a 1.32 out of 5-star rating on the Better Business Bureau and no reviews on Trustpilot.

Many customers have complained about poor customer service, with some saying that almost no one answers the provided phone number and emails go unanswered for days.

The company does respond to almost all complaints, but some issues persist, such as borrowers being denied loans despite repaying previous loans or having loan payments deducted after they've paid off their loans.

However, Viva Finance has a 4.9 out of 5-star rating on Google Reviews, with many satisfied customers saying they're happy with the loan service.

Here's a summary of the reviews:

As for safety, applying for a loan via Vivaloan may result in unwanted telephone calls due to the platform passing on your phone number to lenders.

Reviews and Complaints are a crucial aspect of any company's reputation. Viva Finance, a personal loan service, has a mixed bag of reviews and complaints.

The Better Business Bureau (BBB) has accredited Viva Finance, giving it an A- rating. However, the company's customer reviews on the BBB website are only 1.32 out of 5 stars, based on 19 customer reviews. This is a concerning sign.

Viva Finance's Trustpilot score is zero because it has no reviews on the platform. This lack of reviews from a trusted source raises more red flags.

Many customers have complained about poor customer service, with almost no one answering the provided phone number and emails going unanswered for days. Some have even reported being denied loans despite repaying previous loans or having loan payments deducted after paying off their loans.

Interestingly, Viva Finance responds to almost all complaints, which is a positive sign. However, their responses often blame borrowers for not disabling automatic payment methods.

On the other hand, Viva Finance has a 4.9 out of 5-star rating on Google Reviews, with many satisfied customers praising their loan service.

Here's a summary of Viva Finance's ratings and complaints:

Ultimately, it's essential to approach Viva Finance with caution, considering the mixed reviews and complaints.

Applying for a loan via the Vivaloan website could result in unwanted telephone calls due to the website's application process that requires providing a telephone number, which is then passed on to all the lenders in the platform.

Viva Finance reports to all three major credit bureaus, so making on-time payments can help you build credit or increase your credit score.

If you miss a payment, it will likely be reported to the three credit agencies, damaging your credit. On top of that, the lender might charge you a fee.

Reading through the loan agreement before finalizing your application is a good idea, as it will be upfront about what they charge. Federal financing regulations require lenders to disclose their fees.

Each state has its own laws surrounding financing charges for late payments, so it's worth checking these as well.

The Vivaloan platform is operational 24/7, but the funding process won't be completed until the lender manually processes it. If you apply during the weekend, you likely won't have the funds released until Monday at the earliest.

Viva Payday Loan is a service that offers short-term payday loans in New York, with a focus on instant financial solutions for unexpected situations. They have a simple online application process and can provide immediate welcome and winnings.

Their loan details are as follows: minimum credit score is not required, APR ranges from 11.99% to 35.99%, loan amounts range from $1,000 to $10,000, and terms range from 5 to 24 months.

Approval turnaround is as soon as the same day, and Viva Finance is available in 23 states, including New York.