BOLO SCAM ALERT: Quick Credit Connect aka Heights Finance offers online personal loans at an extraordinary interest rates of 200%

BOLO SCAM ALERT: Quick Credit aka Heights Finance 4710 University Dr NW STE 17B Huntsville, AL 35816, they have 94 customer complaints with the BBB in the last 3 years. Did you receive a mailer from Quick Credit Connect or see an ad on social media or another platform? To all potential borrowers, exercise caution when considering loan offers from Quick Credit Connect aka Heights Finance. Quick Credit aka Heights Finance are/is a subsidiary of NCP Finance Ohio, LLC 205 Sugar Camp Cir, Dayton, OH 45409 and have numerous customer complaints with the BBB. Thoroughly research the company, Quick Credit aka Heights Finance, dive into customer reviews, and scrutinize all terms and conditions before accepting any offers.

Quick Credit connect offers online personal loans at an extraordinary interest rate of 200%. If you would take a loan of $2,600.00 you would end up with 26 payments at $329.00 and pay back Quick Credit $8,554.00. As part of the loan process Quick Credit Connect aka Heights Finance obtains access to your checking account and is able to draw money from your account. Quick Credit claims to be a subsidiary of Southern Management Corporation (SMC) which is a small loan consumer finance company and is among the largest companies offering such services in the U.S.

CFPB Sues Installment Lending Conglomerate for Illegally Churning Loans to Harvest Hundreds of Millions in Loan Costs and Fees. On August 22, 2023, the Consumer Financial Protection Bureau filed a lawsuit against Heights Finance Holding Co. f/k/a Southern Management Corporation as well as its wholly owned, state-licensed subsidiaries: Covington Credit of Alabama, Inc.; Southern Finance of Tennessee, Inc.; Covington Credit of Georgia, Inc.; Southern Finance of South Carolina, Inc.; Covington Credit of Texas, Inc.; Covington Credit, Inc.; and Quick Credit Corporation (collectively Southern). Southern is a high-cost installment lender that operates over 250 brick-and-mortar storefronts located in the states of Texas, Oklahoma, Alabama, Georgia, Tennessee, and South Carolina under a variety of trade names, including Covington Credit, Southern Finance, Quick Credit, and Heights Finance. The Bureau alleges that Southern employs numerous harmful underwriting, sales, and servicing practices for their refinanced loans that are designed to churn delinquent borrowers into continuous fee-laden debt; these fee-laden refinances erode the borrowers’ available credit and increase their total cost of borrowing with each successive refinance. 

BELOW ONLINE REVIEWS OF QUICK CREDIT: Reviews 53  •  Poor.

jakoburopesu
June 26, 2023 • @jakoburopesu. Don't get into business with them, just take your chances with your bank or even a loan shark. Is not worth it. Listen please. I would give them No Stars if it was an option, will find other places to put more reviews so people are aware of this major scam company. No wonder they located in California, bunch of thieves.

Barlos90745
April 8, 2023 • @Barlos90745. The send you a pre approved letter then when you sign up, They aks for your bank information before they approve, DO NOT SIGN UP. SCAM!

Darren Cole
January 20, 2023 • @DeCole Scam. They charge over 200% APR. They take biweekly payments out of your banking account. That’s almost $500 a month on a $2,000.00 loan. Companies like this is what makes America embarrassing.

jessica_finn1
October 21, 2022 • @jessica_finn1. Just NO. Anyone saying the customer service representatives are helpful must have been given some kind of incentive to write a good review. If something comes up one week that prevents you from being able to afford one of the ridiculous payment amounts, the max amount of time they’ll extend your payment out is ONE WEEK. How is that helping someone who gets paid every TWO WEEKS? They definitely take full advantage of people who were in desperate need of assistance to begin with. If only they could see how it affects the lives of those they claim to be helping.

vaderva722
August 30, 2022 • @vaderva722. This kind of LOANS are nothing more then LOAN SHARKS…THIS company wants to CHARGE YOU 3 or 4 TIMES what you BORROWED.. ONLY IDIOTS will do that..

 

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