I went in seeking a loan and was approved for $150,000, but I only actually need $50,000, so that’s the amount I’m aiming for. After some negotiation (mainly by not answering calls because I was busy), I managed to secure new loan options with improved terms.
It was they who gave me the loan. It said I could pay off the debt early, but there’s a catch: you have to pay it all off at once and they don’t accept further monthly payments. BHG removed my most recent Trust Pilot review. My loan agreement must be sent in for this complaint to be considered “verified”. Most people cannot afford to pay the entire amount back at once, in full, at an early date, so keep an eye out for this clause in your contract.
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How did it all work out for you? It’s the same with me.
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Don’t take it on!, BHG Class Action Lawsuit on Google.
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They are probably blowing you off because they get paid off originations. 16% seems excessively high, but perhaps my understanding of business lending is lacking.