Is Coffee Break Loans Legit? Find Out

Coffee Break Loan is not a loan lender but a service that connects borrowers with lenders. Coffee Break Loans has a network of direct lenders who offer loans from as low as $500 up to $5,000 to borrowers with all kinds of credit backgrounds ranging from excellent to poor scores.

With Coffee Break Loans you can secure different types of loans including home equity loans, personal loans, and student loans. You can receive the loan within minutes without any tedious paperwork, guarantor, or collateral and it will be sent directly to your provided bank details. 

Coffee Break Loans helps you to save the time and effort of searching and applying to loan lenders individually. What the service does is gather the information of as many loan lenders as possible so borrowers can stay informed of their respective requirements before applying for a loan.  

How to Apply for Coffee Break Loans 

You can easily complete and apply for a loan on the Coffee Bank Loans website within just five minutes. However, here are a few details that will be required of you during the application process.

Please take note as they are very important for your application. 

  • Name and email address 
  • Phone number 
  • Bank or credit union routing and account numbers 
  • Driver license number and state  
  • Employment and income 
  • Social Security Number (SSN) 
  • Next payday and frequency 

Coffee Break Loans will assess your loan application by confirming certain essential details. Furthermore, in order to be eligible for a loan,  the majority of lenders affiliated with Coffee Break

Loans will be required to provide the following: 

  • You must be employed at your present for at least 90 days. 
  • Applicants must be U.S. citizens or permanent residents over the age of 18. 
  • Applicants must have a minimum income of around $1,000 every month after tax deductions. 
  • Applicants must have a checking account in their name.  
  • Applicants must provide a working telephone number for their home and work. 
  • Applicants must supply documents verifying their employment, income, and other items.  

After final approval, the lender will directly deposit the loan proceeds into your bank account, usually by the next business day. However, note that if your loan payment is 30 days and above delinquent, the loan lender will probably report you to Credit Bureaus and this can cause you to have a poor credit score and will be on your credit report for up to seven years.  

Advantages of Coffee Break Loans 

Borrowers in need of urgent money can avoid following a demanding process by simply applying for a loan or contacting their desired loan lender on the aforementioned website.  

Its affiliated lenders only issue loans after carefully examining the borrower’s information and of course, credit history.  

On the aforementioned website, customers can get a summary of all the pertinent details when applying for a loan.  

Coffee Break Loans provides borrowers the opportunity to speak with the loan lender directly and get all their queries resolved.  

First-time borrowers with good credit scores can be sure of receiving loans starting from $500 to as high as $5,000. 

No paperwork is required when applying for a loan.  You can get the amount you filed for at a go once your application is accepted.   

Coffee Break Loans offers strict security protocols on its website so there is no cause to worry about your personal information or data. You can rest assured that it is a legit website. 

Borrowers can get the exact amount they applied for disbursed directly to the bank details provided.  

The website has an auto payment feature that allows borrowers who want to pay their loans on time to do so.  

Disadvantages of Coffee Break Loans 

People might need extra encouragement to trust websites like Coffee Break Loans that provide a guarantee.  

Unlike banks, it may be quite difficult for borrowers to trust lenders they have not met or who are not recognized by the State authority. 

Since each loan lender has its own requirements, this can be a huge deal breaker for first-time borrowers as the requirements on the website may be different from what the lender says.  

Some lenders may use this medium to take advantage of unsuspecting and desperate borrowers by offering loans with extremely higher than normal interest rates.  

It could be hard to know the success rate or see reviews of the website since there is no customer service and social media pages available.   

Is Coffee Break Loans Legit? 

Now that you already know the advantages and disadvantages of the website it is important that you know whether it is the right source to find loan lenders that can provide you with the money that you want.  So, is Coffee Break Loans legit? Without mincing words, Yes, Coffee Break Loans are legit. We can confirm this through the following evidence. They are as follows; 

  • The website has been actively existing for more than one year. 
  • The company has an A+ rating from the Better Business Bureau (BBB). 
  • The website is secure and well-designed.  It uses an extended SSL certificate and 2048 bit to protect and secure users’ data.  
  • The website has a “Contact Us” and “About Us” page.  

However, the major drawback is that Coffee Break Loans does not have a presence on social media sites such as Facebook, LinkedIn, Twitter, or Instagram so it can be difficult for users to learn more about the company resulting in a lack of trust in its financial services. 

Frequently Asked Questions (FAQs) 

What Interest Rates and Terms Can I Expect? 

Coffee Break Loans states that the maximum APR on the loans it arranges is 35.99%. Direct lenders on the loan network decide the amount to offer and the loan term based on your income and credit history. Loan amounts range from $500 to $5,000. 

It is also important to note that while its financial services are free, direct lenders may charge an origination fee (usually between 1% and 10%) in addition to monthly interest.

Can I Get a Loan from Coffee Break Loans If I Have Poor Credit? 

Yes, of course, you can still get a loan from Coffee Break Loans even if you have poor credit. Fortunately, Coffee Break Loans deal with credit scores ranging from excellent to poor.  But one thing is certain, if you have a poor credit score you should expect higher interest rates on your loan credit which can be discouraging to many borrowers.  

Hence the best thing is to build your credit score.  You can do this by developing habits that will help you increase your credit score, some of which are paying your debts on time,  keeping your credit utilization ratio below 30% or even lower,  and removing derogatory mistakes on your credit reports.  

If you can’t do any of these, you can hire an expert credit repairer or company to do the work for you. That’s all there is to it. 

Are there other better alternatives to Coffee Break Loans? 

Yes, there are. The following lender networks provide more or less similar financial services as Coffee Break Loans. Some may offer payday loans instead of or in addition to personal loans. Check them out including their features: 

24/7 Lending Group 

  • Personal loans from $500 to $35,000
  • All credit types are considered and welcome
  • Simple, no credit impact form
  • Helping consumers since 2001
  • 4.7 out of 5 Trustpilot rating with 2,000+ reviews 
  • See the official site, terms, and details 
Loan Amount  $500 to $35,000
Interest Rate  5.99% – 35.99% 
Loan Term  60 days to 72 months 
Loan Example  $4,000 loan at 15.0% APR = $193.95/month for 24 months ($4,654.72 total) 

  • Loans from $500 to $10,000
  • All credit types accepted
  • Loan requests can be approved in minutes
  • Get funds directly to your bank account
  • Use the loan for any purpose 
  • See the official site, terms, and details 
Loan Amount  $500 to $10,000
Interest Rate  5.99% – 35.99% 
Loan Term  3 to 72 months 
Loan Example $5,000 at 18.9% APR = $179.35/month for 36 months ($6,456.68 total) 

  • Loans from $500 to $10,000
  • Helping those with bad credit since 1998
  • Get connected with a lender
  • Simple form & quick funding
  • Get your money as soon as the next day
  • See the official site, terms, and details 
Loan Amount  $500 to $10,000
Interest Rate  5.99% – 35.99% 
Loan Term  3 to 60 months 
Loan Example  $2,000 loan at 19.9% APR = $183.63/month for 12 months ($2,203.56 total)



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