Panther Lending Review
A couple of days ago, I received a paper mail from Panther Lending that stated that I was pre-approved for a personal loan up to $32,500 at 4,99% APR with a monthly payment of $121.27.
Quite an interesting offer. If you received a similar mail, then this article is for you.
Let me show you what’s available about this company on the Internet.
Who are Panther Lending?
Panther Lending is a lending company that claims it is based in Bloomfield Hills, Michigan. This company offers various loans, including title loans, personal loans, and debt consolidation.
However, the company has recently been scrutinized for its debt loans and potential fraud. Customers have raised concerns about high-interest rates, fees, and confusing terms and conditions.
Panther Lending has no Better Business Bureau rating and limited online presence, raising red flags about its legitimacy.
Customer reviews
There are Panther Lending reviews exist on major platforms such as Yelp, Trustpilot, and Google.
Questionable business practice
Panther Lending claims to provide personalized loan solutions designed to address unique needs and help individuals make progress toward a brighter future.
However, their business practices seem questionable and potentially predatory.
It is crucial to obtain quotes from multiple lenders, read and understand loan terms, and trust one’s instincts when making financial decisions.
Check our debt consolidation companies list to get started:
Regarding hidden costs and commissions, Panther Lending has been accused of charging exorbitant interest rates and fees.
Transparency is crucial in financial matters, and Panther Lending claims to have implemented an airtight and transparent pricing model.
LinkedIn profile
Panther Lending’s LinkedIn profile is almost empty and has no real employees associated with it:
Website history
Based on Internet Archive Wayback Machine, the initial version of the website popped up on April 2, 2023.
Department of Licensing and Regulatory Affairs
The Department of Licensing and Regulatory Affairs of State Michigan has no information about the Panther Lending business in its database:
Conclusion
Given the concerns raised by customers and the company’s poor online reputation, it is essential to exercise caution and thoroughly investigate before engaging with Panther Lending as a lender.
