Michael Najeria

Review of Sprout Financial

I wish there was a 0 star. Please don't work with ...

I wish there was a 0 star. Please don't work with these people. After filled out their application I received an email saying that I got preapproved for $50000. Well I was very excited and decided to move forward with the application, and after couple of days I received another email saying that they got me approved for only $2000, which is 4% of the pre approved amount. What struck me most is not the amount that they approved me for, but the hard inquiries that they pulled on my credit. And guess how many? There was 7 hard inquires, just to get $2000. What they did was that they applied for credit cards, with each bank pulling a hard inquires. I've received 2 credit cards for the amount of $1000 each. Basically, they applied for 7 credit cards on behalf of me and 5 of them were rejected, and 2 were approved for the amount of $2000 total. This is ridiculous. In addition to that, their website says that there is a 0% interest for 12 months. Believe me it is all lies. After they approved me for $2000 of credit lines, they charged me 15% of that, which would be $300 for their service. Please don't work with these people, they are not a financial institution, but a third party that focuses on ruining people's lives. I've experienced this, and I don't wish even on my worst enemy to experience the same. This is terrible.