Is B Spot Legit? B Spot is a peer-to-peer lending platform that allows borrowers to get loans from investors. The company claims to offer fast, easy, and affordable loans, but is it really legit? In this article, we’ll take a closer look at B Spot to see if it’s a safe and reliable option for borrowers. We’ll explore the company’s lending terms, fees, and customer reviews to help you decide if B Spot is right for you. B Spot Lending Terms B Spot offers loans in amounts ranging from $1,000 to $50,000. The interest rates on these loans start at 6.99% APR and go up to 35.99% APR. The repayment terms range from 6 months to 60 months. B Spot also charges a loan origination fee of 1% to 5% of the loan amount. There is also a late payment fee of 5% of the monthly payment. B Spot Fees In addition to the loan origination fee and late payment fee, B Spot also charges a monthly service fee of 1% of the outstanding loan balance. B Spot Customer Reviews B Spot has an average rating of 3.5 stars on Trustpilot, based on over 1,000 reviews. Customers have praised the company for its fast and easy application process, as well as its competitive interest rates. However, some customers have complained about the high fees and the difficulty of getting in touch with customer service. Is B Spot Legit? Overall, B Spot seems to be a legitimate peer-to-peer lending platform. The company offers competitive interest rates and a variety of loan terms. However, the fees are high and customer service can be difficult to reach. If you’re considering borrowing from B Spot, be sure to read the fine print carefully and make sure you understand all of the fees and terms before you sign up. Bottom Line B Spot is a peer-to-peer lending platform that offers loans in amounts ranging from $1,000 to $50,000. The interest rates on these loans start at 6.99% APR and go up to 35.99% APR. The repayment terms range from 6 months to 60 months. B Spot also charges a loan origination fee of 1% to 5% of the loan amount, a monthly service fee of 1% of the outstanding loan balance, and a late payment fee of 5% of the monthly payment. B Spot has an average rating of 3.5 stars on Trustpilot, based on over 1,000 reviews. Customers have praised the company for its fast and easy application process, as well as its competitive interest rates. However, some customers have complained about the high fees and the difficulty of getting in touch with customer service. Overall, B Spot seems to be a legitimate peer-to-peer lending platform. However, the fees are high and customer service can be difficult to reach. Be sure to read the fine print carefully and make sure you understand all of the fees and terms before you sign up.
Thank you for your visit!
