Purposely misleading. Very rude customer service. I used their online Chat thing and got the rudest person ever. I wanted to know if the Signature loan they offer required my car to be used as collateral or if I needed the title because I wasn't going to do that. I couldn't get a straight answer from talking to a rep over the phone and the chat thing was no better. This is a copy of the chat convo I had with "Brittany P" from Instaloan.
Please wait for a site operator to respond.
You are now chatting with 'Brittany P'
Brittany P: Hello. Thank you for choosing our services. How may I help you today?
LAUREN: Yes i'm interested in the signature loan. Why do i keep getting asked if i'm making car payments if this loan does not involve needing a title or anything about my car?
Brittany P: Because our signature loan requires a vehicle that you are still paying on
LAUREN: I was told by 2 people that this loan did not involve my vehicle
Brittany P: Okay, you may contact your local store for further information.
LAUREN: I would just like an honest answer please. Does a signature loan require me to use my car as collateral in any way
Brittany P: Lauren I have provided you with the information that I have. Please contact your local store for further information
Brittany P: Have a great day!
Chat session has been terminated by the site operator.
I tried the chat thing one more time, hoping to get another representative. Got the SAME person and as soon as the chat opened again with Brittany P, she obviously saw it was the same person again and immediately closed the conversation without saying anything.
To make a long story short, I finally got a straight answer from someone and the answer is YES, even for a signature loan you have to use your car as collateral. They won't tell you that until you're sitting in front of them and they run your credit report.
Also, I know someone else who used Instaloan and they were late on their first payment because their wallet was stolen. A person from instaloan came to their freaking house and left a note on their door. Didn't ring the doorbell or knock. Just taped a note on the door (for anyone to read I might add, as this was an apt. complex). How freaking creepy is that?! In my opinion that steps over the line. I can understand mailing a letter, or putting one in the mailbox...but leaving a hand written note on someone's front door is straight up unprofessional. read more