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Company details

  1. Financial Consultant

Information provided by various external sources

SpeedCents provides consumers with a free loan analysis to ensure refinancing is right for them before going through the application process. Upon approval, we connect them with the best lenders for their situation.


Contact info

4.4

Excellent

TrustScore 4.5 out of 5

16 reviews

5-star
4-star
3-star
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1-star

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Rated 5 out of 5 stars

Good experience

Good experience. I've had my truck for 2 years and had rushed the process when I got it. Wanted to see if I could do better for final couple years. They did want some basic information but nothing excessive so it was as quick as they claim. My results were good. I've read others say that it just gave validation of their current loan. Overall, they lived up to their word, and that's what I appreciate most in this type of thing.

28 May 2018
Unprompted review
SpeedCents logo

Reply from SpeedCents

Thanks Ray!

We try to give people the quickest answer possible. I'm glad you found our tools and resources helpful and took the time to leave a review.

Rated 5 out of 5 stars

Easy money!

I tried SpeedCents and could not believe how easy it was to find out I qualified to refinance my car. All of this and they don't do a credit inquiry on your credit report. Great experience that I have already recommended to other friends.

22 May 2018
Unprompted review
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Reply from SpeedCents

Rich, we are so glad you were able to get qualified quickly.

We are constantly trying to add the number of banks we work and tools we have to educate people and help the most people we can.

Rated 1 out of 5 stars

This company came to me and said "it…

This company came to me and said "it looks like you've had your vehicle over 2 years, and it's time to refinance and save money, according to our records we may save you $." They even had a pre-approval process when they take your information based on your income credit score and vehicle and they said based on the information you can be
approved. Knowing that my credit score was a 690 I agreed to go ahead and refinance but within 20 minutes they told me with a hundred and fifty lenders they work with not one of them would approve us for a refinance which boggles my mind, what was the point of you wasting my time and giving me a another inquiry on my credit which ironically is going to drop my credit score so then I'm going to still have issues refinancing with other companies I wish I would have never clicked on there email.

22 May 2018
Unprompted review
SpeedCents logo

Reply from SpeedCents

Hi Melinda.

I can understand your frustration, completely. As one of the founders, I started this company to help as many people as possible. Unfortunately that doesn't always happen.

We are doing our best to include as much lender criteria as possible in our application to tell people they won't be
approved BEFORE sending them to lenders. We don't want to give people a false hope of approval.

In addition, hard inquriers shouldn't impact your score more than 5 points, which wouldn't be enough to affect your chances with other lenders, read more here: https://www.credit.com/credit-reports/what-is-a-hard-inquiry/

If there was an inquiry on your credit and this was the first one for auto refinancing, there won't be a negative impact on your credit from future lenders. It speaks more about this on Experian's website: https://www.experian.com/blogs/ask-experian/how-long-do-inquiries-impact-my-scores-2/

I'm sorry we weren't able to help this time. I truly hope you are able to find a bank that can help you.

Rated 5 out of 5 stars

SpeedCents was super easy to use and I…

SpeedCents was super easy to use and I like that my credit wasn't affected by simply checking to see if I could get a better loan rate. In other words, nothing to lose and potential savings to gain--in seconds. Definitely recommend!

21 May 2018
Unprompted review
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Reply from SpeedCents

Thanks Rebecca!

If we can't help someone improve their loan, we want to tell them quickly!

There is peace-of-mind knowing your current loan is right for your current situation. Glad we could help.

Rated 5 out of 5 stars

I think about how much money I could…

I think about how much money I could have saved over the last 30 years with a product like SpeedCents! Phenomenal experience and so easy to use. I saved nearly $50 on my last car purchase thanks to SpeedCents. If you haven't tried it, you're wasting money.

14 May 2018
Unprompted review
Rated 5 out of 5 stars

So I am one of those people who always…

So I am one of those people who always shops around for everything to get the best rate. I just dislike the idea there is a better deal out there and I could not find it. Because of that I was pretty convinced this would tell me I have the best rate.

I was wrong. In 30 seconds I found out that I might be able to save over 17% on my current loan. That could be over $50. Without hesitation I hit continue. The process is fast, clean and easy to use. Really like it so far.

10 May 2018
Unprompted review
SpeedCents logo

Reply from SpeedCents

Spencer,

So glad you were able to receive a quote that would lower your payment and total interest. I'm glad you noticed how fast and easy it was to find out.

Rated 5 out of 5 stars

Just hit submit, trust me lol

I was a little hesitant at first - seemed like a lot of information to submit for a "15 second" process, but once I submit I was pleasantly surprised ha! Pretty cool to see the results:

"Based on our analysis, our lenders don't have products today that can help improve your current auto loan. We'd rather tell you now than have you invest time into a full application. The analysis below helps you understand your current loan & what to look for in the future.

Total interest you've paid
$475
Assuming you have made minimum payments, you have paid $475 in interest to the bank since the loan started.

Total Interest Left
$279
You will pay $279.00 in interest to continue to borrow this loan, assuming you make the minimum payments."

9 May 2018
Unprompted review
SpeedCents logo

Reply from SpeedCents

We are glad we could help you know your current payment is good for your current situation.

SpeedCents doesn't help everyone refinance. But if we can give you some peace-of-mind that your current loan is fair, mission accomplished. Maybe we'll be able to help you with a future payment!

Thanks again for giving us a try.

Rated 5 out of 5 stars

The site was extremely user-friendly…

The site was extremely user-friendly and easy to use. In no time I had a couple of quotes and I received a phone call from one person who helped me from start to finish. I found a better rate and lowered my payment. Fantastic experience from start to finish!

16 April 2018
Unprompted review
Rated 5 out of 5 stars

Although they weren't able to improve…

Although they weren't able to improve my payment, in seconds I was able to get the peace of mind that I have a great loan on my car already. I love the fact that it did not affect my credit and it was so easy to use. I've already recommended them to many of my friends.

16 April 2018
Unprompted review

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