Mixed Reviews on Majestic Lake Financial: Quick Service but Concerns About Transparency and Interest Rates
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Mixed Reviews on Majestic Lake Financial: Quick Service but Concerns About Transparency and Interest Rates

Majestic Lake Financial receives mixed reviews, with customers appreciating the quick and easy loan process, friendly customer service, and swift fund disbursement. However, concerns are raised regarding the high interest rates and potential lack of transparency in loan terms. Some customers express satisfaction with building credit through timely repayments, while others criticize the misleading information provided by agents. Overall, there is a recurring theme of fast service, helpful representatives, and ease of refinancing with Majestic Lake Financial.

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Custom Date - May 23, 2024
Featured Content
  • Lied to, and robbed of my financial security.

    I applied for a short term loan, twice over a period of two years during very sudden moves into two new apartments due to life emergencies. Without realizing they had not been forthright about the incredibly high interest rate of over 800% annual, I was coerced into signing on a loan that unbeknownst to me, ended up costing me twice the amount I had even taken up the loan for. This was in direct contravention of the information i was provided, and when called I was relegated to speaking with an outsourced call center who couldn't provide any verification of my loan details, and essentially said if i had made even larger payments than were agreed upon, they wouldn't have charged me so much. The fact that this happened twice, based on what was intentionally misleading information from the loan agent is unconscionable. The fact that it is "legal" for a company like this do to business shows me that it is utterly devoid of moral compass. I have been lied to, and robbed of what little financial security I have fought for, and this company is responsible. Do NOT put your trust in this utterly predatory company, and do NOT provide them any access to your finances whatsoever.Follow up: the response from the company does not lead to any follow-up, as their contact email is either fake, or not set up to allow incoming emails. There is no current way to directly contact Majestic Lake Financial by either phone or Email.

    Sentiment
    • Negative
    Content
    • Interest Rates and Fees
    Jan 30, 2021
  • I was able to do my loan right from my…

    I was able to do my loan right from my smart phone. Very helpful and easy to use. I will use them again.

    Sentiment
    • Positive
    Content
    • Loan Application Process
    Nov 13, 2020
  • Majestic Lake Financial is a great…

    Majestic Lake Financial is a great company to turn to when you're in need of financial help. Their customer service team is knowledgeable and willing to work with you. The process is quick and easy.

    Sentiment
    • Positive
    Content
    • Loan Application Process
    Nov 02, 2020
  • Fast

    Fast, easy to apply, and friendly staff only downfall is the huge interest rate. If you can, try to get a loan through your bank but if this your only resort I understand but be prepared to pay off your loan for a good while.

    Sentiment
    • Positive
    Content
    • Interest Rates and Fees
    Jul 28, 2020
  • I like doing business with another tribe

    I love the company. I like to support a fellow tribe. My only concern is the fees are very very high. Even as a customer that has proved myself maybe a stair step down of feed as you successfully complete the payments on them

    Sentiment
    • Positive
    Content
    • Interest Rates and Fees
    Jul 28, 2020
  • Fast, easy, and fair!

    With all the scams and spam surrounding micro cash loans, Majestic Financial is INCREDIBLE!!!! The process is fast and easy. The best part is that you build your credit history with Majestic. I started out with a $300 loan limit, but after faithfully repaying in full, my limit has increased after each payoff. What a lifesaver during the global pandemic!

    Sentiment
    • Positive
    Content
    • Loan Experience and Satisfaction
    Jul 10, 2020
  • See All Reviews
Sentiment Analysis (of 30 reviews)
96 Net Promoter
Score
Languages (of 30 reviews)
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  • This page displays purchase options and a preview of the customer feedback analysis report for Majestic Lake Financial  based on online reviews collected from Trustpilot. The analysis helps Financial Analysts, Customer Experience Managers, Marketing Strategists, Business Development Executives, Loan Officers to discover insights into what people love, dislike, and need.

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