Comet Loans

Comet Loans is a loan company operating online and offering loans for different purposes to the US residents, and applying with them may be something that you are thinking about.

Online Personal Loans up to $5,000

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In this case, we recommend you to check out this review in order to find out if this company is a scam or a legit business that you can trust.

About the Company

It is a Native American owned company run by Tonto Apache Tribe.

The website comes with a simple design and you will find it very easy to navigate.

If you need to contact their support team, you can do this by telephone or email.

There is also a live chat option that you can use.

Comet Loans

The services of the company are not available in all states, including the following:

  • Arkansas;
  • Georgia;
  • Minnesota;
  • Pennsylvania;
  • Utah;
  • Virginia and others.

The company claims to have the following advantages:

  • Quick pre-approval online;
  • You will get money right to your account;
  • It is a safe and secure service.

What They Offer

If you are looking for a payday loan, you should find another lender because this company offers installment loans, which means that you will have to repay your loan gradually within several months.

There is an option to pay back your debts easily without paying any extra charges.

As a newcomer, you can apply for a loan in the amount from $200 to $1,500.

If you are a returning customer who has had no problems with paying back the first loan, you can opt for a loan of up to $5,000 and at lower rates.

If you have bad credit, it is not a problem for them.

Currently, the APR ranges from 615% to 859%.

If you cannot make a payment on time, it is possible to contact their support team two days prior to your next payment, so that they could help you to manage this situation.

How to Apply

On the website of Comet Loans, you will find two different application forms as follows:

  • A form for new customers;
  • A form for returning customers.

If you are first time applicant, you will have to fill out an application form that includes the following sections:

  • Personal information;
  • Income information;
  • Bank information.

Submitting this application does not guarantee that you will be approved.

Customer Reviews and Ratings

The rating of Comet Loans at the BBB is A-, which is good.

However, based on 33 customer reviews that you can find on the same site, the company has a rating of only 1 out of 5.

The complaints are related to poor customer service, taking too much money from customers’ account, and their problems.

A score of the company, according to Scamadvisor is 78%.

Generally, there are not many other reviews that you can find on the Internet about this service.

Bottom line

The company has a high rating at the BBB, but it is not accredited by the organization.

There are many complaints from their customers, which is worrying.

All in all, the company cannot be strongly recommended to you, but if you decide to deal with them, you should contact their customer support first to check how quickly they respond.

David Johnson

David Johnson

David is the founder and personal loans (payday loans) expert at LvTapFest. Leveraging he vast knowledge of the financial industry, David’s work can be found on a variety of website. He has been featured in USA Today, International Business Times, and Fox.
David Johnson

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Consumer Reviews



5 Reviews

  1. Alex says:

    How do I know if a loan company is legitimate?

  2. Kieyanna says:

    ITS A SCAM! Got 300 from them paid bck 551 and they still want 400.

  3. RMaywet says:

    SCAM I was approved for a loan did the 3-way bank call verified everything that was asked of me and 3 hours later they came back asking me to another type of verification due to the original loan officers incorrectly putting in some information. So my thing is not to trust them because I surely DO NOT.

  4. Shaquesta Kelly says:

    THIS COMPANY IS A TOTAL SCAM. Just got approved for a $650 loan and the APR rate was 780.08! I would be paying ove $4,000 just to BORROW $650. CLOSE THESE CROOKS DOWN. I am so baffled right now.

  5. Juan says:

    They have took 300 every check for 7 months. I called to try paying off because even though I used them to get out of debt they put me in more then I could handle. I still owe 300 more then the pay off after that many months. People are a joke and nobody should get a loan from these thrives.

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