When it comes to securing a loan, finding the right lender can be a challenging task. With numerous options available in the market, it’s crucial to choose a lender that best suits your specific needs. Simple Fast Loans, an Atlanta-based lender, offers quick and easy installment loans in 10 states across the USA. As a direct lender, the company aims to provide fast, easy financing to its customers. However, before making a decision, it’s essential to evaluate whether Simple Fast Loans is a legitimate and trustworthy option. In this review, we’ll take a closer look at their services, terms, and customer feedback to help you make an informed choice.

A Closer Look at Simple Fast Loans
Simple Fast Loans offers short-term loans that cater to borrowers with bad credit who require quick funding without a lengthy application process. Founded in 2018 and headquartered in Atlanta, GA, the company operates through its website at simplefastloans.com. They provide short-term installment loans, lines of credit, and title loans to customers in select states.
Key Points to Consider
After examining Simple Fast Loans’ website and terms and conditions, certain key points stood out:
- Variable APR personal loan: Simple Fast Loans online offer a variable APR personal loan product. However, they do not disclose the interest rates upfront, which can make it challenging to estimate the overall cost of the loan.
- Prepayment fee: The lender charges a prepayment fee, which is less common for personal loans. This means that if you choose to pay off your Simple Fast Loans installment loan ahead of schedule, you may incur additional charges.
- Loan amounts and terms: Unsecured loans start at $200 and go up to $3,000. The fast payday loan terms can range from 3 months to 1 year, providing borrowers with some flexibility in repayment options.
- Loans provided by CC Connect: Simple Fast Loans collaborates with CC Connect, a division of Capital Community Bank, to provide its loan services.
Qualifying for Simple Fast Loans

At Simple Fast Loans, there is no set minimum or maximum credit score requirement. Whether you have excellent credit or are working to improve it, you can apply for installment loans. However, the lender does consider borrowers who are employed and have a regular income to ensure timely repayment.
To apply, you will need to provide basic documentation, including proof of identity and an active checking account. Once approved, you can receive your funds quickly and begin repaying the loan according to the agreed-upon terms.
Customer Feedback and Reviews
When considering any financial service, it’s important to assess customer feedback and reviews to gauge the quality and reliability of the lender. In the case of Simple Fast Loans, the picture is not entirely positive. The business is not accredited by the Better Business Bureau (BBB) and holds an F rating. With an average of 31 customer reviews and 46 complaints closed in the last three years, Simple Fast Loans receives a dismal 1-star rating out of 5. Most of the online reviews are negative, raising concerns about the company’s service and practices.
Transparency and Disclosure
One of the primary areas of concern with Simple Fast Loans is the lack of transparency and disclosure regarding interest rates. Potential borrowers are unable to access this crucial information until after submitting their personal details for pre-approval. While this process does not impact credit scores, it restricts borrowers’ ability to estimate the overall costs of online installment loans before proceeding.
Additionally, the prepayment fee charged by Online Simple Fast Loans is a notable factor to consider. Many lenders do not impose such fees for personal loans, so it’s important to evaluate whether this additional cost aligns with your financial goals.

FAQs
Q: What makes Simple Fast Loans different from other lenders?
A: Simple Fast Loan stands out for its quick and easy application process, catering to borrowers with bad credit. They offer short-term installment loans, lines of credit, and title loans, providing flexible options to meet individual financial needs.
Q: Can I apply for a loan with Simple Fast Loans if I have a low credit score?
A: Yes, Simple Fast considers applicants with varying credit scores. They do not have a set minimum credit score requirement, making their services accessible to those with less-than-perfect credit histories.
Q: How long does it take to receive funds from Simple Fast Loans once approved?
A: Once approved, Simple Fast Loan aims to disburse funds quickly. In many cases, borrowers can receive the funds in their bank accounts as soon as the next business day.
Q: Is collateral required to secure a loan with Simple Fast Loans?
A: It offers both secured and unsecured loans. While some loans may require collateral, such as a title loan, unsecured installment loans are also available for borrowers who prefer not to provide collateral.
Q: Can I repay my Simple Fast Loans installment loan ahead of schedule without any penalties?
A: Simple Fast Payday Loans charges a prepayment fee for paying off an installment loan ahead of schedule. It’s important to review the terms and conditions to understand the specific prepayment fee structure associated with your loan.
Q: What are the typical loan amounts offered by Simple Fast Loans?
A: Simple Fast Loans offers loan amounts ranging from $200 to $3,000. The specific loan amount available to you will depend on factors such as your income, creditworthiness, and state of residence.
Q: Do I need a bank account to qualify for a loan with Simple Fast Loans?
A: Yes, having an active checking account is generally a requirement when applying for a loan with Simple Fast Loans. This allows for quick and secure disbursement of funds, as well as convenient loan repayment options.
Q: How do Simple Fast Loans determine loan eligibility?
A: Simple Fast Loans considers factors such as employment status, income stability, and age (minimum 18 years old or state minimum) to determine loan eligibility. While credit history is not the sole determining factor, it is taken into account during the application process.
Q: Does applying for a loan with Simple Fast Loans impact my credit score?
A: Initially, Simple Fast Loans performs a soft credit check during the preapproval stage, which does not affect your credit score. However, once you decide to proceed with the loan application, a hard credit inquiry will be conducted, which may have a temporary impact on your credit score.
Q: Are Simple Fast Loans accredited by the Better Business Bureau (BBB)?
A: Simple Fast Loans is not accredited by the BBB and holds an F rating. While BBB ratings provide insights into a company’s reputation, it’s essential to consider other factors such as customer reviews and the lender’s overall transparency before making a borrowing decision.
Making an Informed Decision
In determining whether Simple Fast Loans is a legitimate and trustworthy lender, it is crucial to consider the available information and customer feedback. The F rating from the Better Business Bureau and numerous customer complaints raise concerns about the company’s practices and customer satisfaction.

Furthermore, the lack of upfront interest rate disclosure and the imposition of prepayment fees may make potential borrowers apprehensive about choosing Simple Fast Loans for their financing needs.
When seeking a loan, it’s advisable to compare offers from multiple lenders and read customer reviews to make an informed decision. Simple Fast Loans’ negative customer feedback and lack of transparency should encourage borrowers to explore alternative options that offer clearer terms, competitive rates, and a solid reputation.
Remember, financial decisions have long-term implications, and it’s important to choose a lender that aligns with your financial goals and provides a positive borrowing experience.
Conclusion
In conclusion, Simple Fast Loans offers short-term installment loans to borrowers in select states across the USA. While their services aim to provide quick and easy financing, several factors raise concerns about the legitimacy and reliability of this lender.
The lack of transparency regarding interest rates and the imposition of prepayment fees are notable drawbacks. Additionally, the F rating from the Better Business Bureau and numerous customer complaints indicate potential issues with the company’s service and customer satisfaction.
When considering Simple Fast Loans or any other lender, it’s crucial to thoroughly research and compare options. Reading customer reviews, understanding the terms and conditions, and evaluating the lender’s reputation can help you make an informed decision that aligns with your financial needs and goals. Remember, responsible borrowing requires careful consideration and a clear understanding of the terms and associated costs.
Simple Fast Loans
Simple Fast Loans Review
In conclusion, Simple Fast Loans offers short-term installment loans to borrowers in select states across the USA. While their services aim to provide quick and easy financing, several factors raise concerns about the legitimacy and reliability of this lender.
The lack of transparency regarding interest rates and the imposition of prepayment fees are notable drawbacks. Additionally, the F rating from the Better Business Bureau and numerous customer complaints indicate potential issues with the company’s service and customer satisfaction.