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Review FastLoanDirect (with complaint details)

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Fast Loan Direct Review: with Consumer Complaints & BBB Concerns

This review on Fast Loan Direct (AKA: JA Enterprises Unlimited, LLC) aims to equip you with the facts you need to make an informed decision. We focus on providing unbiased information and details as they occurred, helping you determine whether Fast Loan Direct aligns with your borrowing needs. We’ll also compare Fast Loan Direct versus top-rated personal loans for 2024.

Let’s dive into the details and explore key factors like customer reviews, licensing information, Better Business Bureau rating, and potential fees.

Is FastLoanDirect Legit or a Scam?

First, it’s important to clarify that Fast Loan Direct is not a direct lender. Instead, it acts as a loan broker, connecting borrowers with potential lenders, similar to Credible or Upstart

While it functions as a loan broker similar to Credible or Upstart, a surprising lack of transparency raises concerns. Unlike reputable online loan marketplaces, Fast Loan Direct does not disclose its partnered lenders or loan terms on its website. This makes it difficult for borrowers to compare rates and terms, potentially leading them to accept unfavorable loan offers. This lack of transparency raises concerns and contributes to its low rating based on our evaluation criteria. Before using Fast Loan Direct, thoroughly research other loan options and carefully review any offered terms.

Additional Red Flags for Consideration:

  • concerning customer reviews
  • no lender license found at NMLS 
  • under five years in business
  • a poor Better Business Bureau (BBB) rating
  • potential hidden fees.

Reviews on FastLoanDirect: Legit or Scam?

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  • “F” rated by the Better Business Bureau

Is Fast Loan Direct safe? Let’s take a closer look at Fast Loan Direct reviews. Better Business Bureau (BBB) offers a good starting point.

FastLoanDirect BBB Rating and Complaints:

  • “F” rating from the BBB: This is the lowest possible rating, indicating significant unresolved complaints against the company.
  • 8 complaints reported to the BBB: While this may seem like a small number, consider the company’s relatively short operation time of under 8 years.

Consumer Complaints:

  • Customers report unexpected and excessive fees associated with the loans.
  • Difficulty canceling applications and obtaining refunds: Consumers struggle to withdraw their applications and recoup incurred fees.

Additional Concerns:

  • Limited transparency: The website lacks readily available information on interest rates, fees, and loan terms before application.
  • Potential predatory practices: Customer reviews raise concerns about hidden fees and aggressive collection tactics.
  • Negative Trustpilot reviews: Reviews on Trustpilot are overwhelmingly negative, echoing the concerns mentioned above.

Editorial Comments:

There are a small number of complaints listed against FastLoanDirect at the BBB. This is actually a positive sign.

However, the reason for having such a low number of complaints could be due to it simply being a newer company on the market. So, we’ll have to keep a closer eye on how its record of complaints turns out over time.

Compare Top-Rated Lenders and Personal Loans for Fair Credit:

Lender Fixed (APR) Loan Amounts
Minimum Credit Score
Upstart Personal Loan 6.40% to 35.99% $1,000 to $50,000 620
LightStream Personal Loan 7.49% to 25.49% $5,000 to $100,000 700
Discover Personal Loan 7.99% to 24.99% $2,500 to $40,000 660
PenFed Credit Union Loan 8.49% to 17.99% $600 to $50,000 700
Upgrade Personal Loan 8.49% to $35.99% $1,000 to $50,000 600
Sofi Personal Loan 8.99% to 25.81% $50,000 to $100,000
Does Not Disclose
Best Egg Personal Loan 8.99% to 35.99% $20,000 to $50,000 600
LendingClub Personal Loan 9.57% to 35.99% $1,000 to $40,000 660
Avant Personal Loan 9.95% to 35.99% $20,000 to $35,000 550
Universal Credit Personal Loan 11.69% to 35.99% $1,000 to $50,000 560
OneMain Financial Personal Loan 18% to 35.99% $1,500 to $20,000
Does Not Disclose
Zable Personal Loans 8% to 30% $1,000 to $25,000 600
Happy Money Debt Consolidation Loan 11.72% to 24.67% $3,000 to $40,000 640

FastLoanDirect Loan Reviews Reddit 

Turning to Reddit, FastLoanDirect reviews range from good to bad. Many customers mentioned they were satisfied with how fast they could apply for a loan and get the funds. Several clients mentioned how easy their website is to apply for a loan. Comments said it offered a “user-friendly” website.

However, customer reviews also highlighted poor customer service, high fees, and hidden costs that they didn’t see due to disclosures being buried in the agreement. Remember that both the good and bad Reddit reviews could be fake. We’re just sharing the details as they appear, helping you make an informed choice on whether or not to use FastLoanDirect.

Here’s a summary of Reddit reviews on FastLoanDirect.


  • A quick way to get a loan
  • Received funds quickly
  • Requires minimal paperwork
  • User-friendly website that’s easy to navigate


  • Hidden fees
  • Poor customer service
  • Expensive
  • Lack of flexibility in payment terms

Review FastLoanDirect’s Loan APR and Cost:

FastLoanDirect provides examples on its website to illustrate loan costs. Keep in mind, these are just representative examples and not guarantees of your specific rates and fees. Your actual costs could be significantly higher.

>Example 1:

  • Loan amount: $1,500
  • Loan term: 18 months
  • Origination fee: 3% ($45)
  • Monthly payment: $100.05
  • Total cost of loan: $1,800.93 (including origination fee)
  • Representative APR: 19.99%

Example 2:

  • Loan amount: $5,000
  • Loan term: 38 months
  • Origination fee: 6% ($300)
  • Monthly payment: $182.74
  • Total cost of loan: $6,944.12 (including origination fee)
  • Representative APR: 17.53%

Important Considerations:

  • High origination fees: The examples use 3% and 6% origination fees, which can significantly reduce the amount you receive and increase your repayment burden.
  • Not a direct lender: FastLoanDirect connects you with third-party lenders. This lack of direct control adds complexity and potential risk.

Before applying for a loan:

  • Compare rates and fees from multiple lenders.
  • Carefully review all loan terms and conditions.
  • Understand the total cost of the loan, including origination fees and interest.
  • Only borrow what you can afford to repay.

Frequently Asked Questions

Is FastLoanAdvance a legit company?

How long has Fast Loan Direct been in business?

Does Fast Loan Direct have a physical location and mailing address?

About Author

Dr. Ali
Dr. Ali

Paul J Paquin

Last Updated: February 26, 2024