LM Credit
Reviews and Complaints

So, I had a little problem with Tanda Financial back in December . They said I owed them $420.32, but I told them my bank account was closed and I'd pay them by e-transfer. But they didn't get the money and now they're saying I owe them $1900 for NSF, which is totally bogus because I never gave them my bank account info. Luckily, I've got all the emails to prove it. So, yeah, be careful with these guys. Product or service: loan. Account number:

So, I accidentally sent some money to LM Credit (formerly known as *** Financial) on August 15th, 2022. There were two transactions made on that day - one for $64.60 and another for $600.00 - due to a banking error. When I called LM Credit to ask for my money back, they claimed they had never heard of *** Financial. But after doing some research on the government of Canada's business registry, I found out that they are, in fact, the same company that changed their name a few years ago. I just want my money back, please.

LM Credit gave me a loan and said I could see my account for easy payment and to know the interest rate. But when I tried to get an online account, they said they were "making one" over a year ago and I can't see my account. I also tried to get a lower interest rate (it's 50%) but no one is answering me. I'm losing money because of the high interest rate and no one is helping me.

I got a loan from LM Credit and they're supposed to take out $199.65 on the 15th and 30th of each month. But in April, they took out three payments - one on April 14, another on April 25, and another on April 28. Isaiah M. said it was a fee for a NSF payment, but I asked for proof and they didn't have any. He stopped taking my calls and passed me off to other people. They said they would reverse the April 25 payment, but they haven't yet. Now I'm worried they'll take out more payments on May 15 and May 30. They've cost me NSF fees with my bank and caused my account to be overdrawn. I want my money back and they should waive one month's payment for all the problems they've caused. They can't be trusted to take out payments on the right days.

I got a loan from LM Credit and had some problems with my payments lately. It wasn't because I couldn't pay, but because they didn't take off my insurance even though I asked them to. So, my payments bounced back into my account and I had to call them many times to fix it. I even asked for proof that I had enough money in my account and that it wasn't my fault. But, one employee was really rude to me and accused me of not wanting to pay. He even threatened to mess up my credit score. I asked to speak to a manager, but he wouldn't let me and kept calling me while I was at work. It was really frustrating and unprofessional.

I got a call from LM Credit on Oct 15, 2021 about my debt with another credit company. I had been dealing with them on this matter. The representative from LM Credit wanted me to make a large payment on my debt and increase my monthly payment. I said I can't pay much more than I currently am and they agreed to the current terms of payment. The representative became very angry, yelling and threatening me. They warned me this had to be resolved before it went to legal action and liens were placed on my property. On Oct 19, 2021, I received forms from LM Credit via email. I completed them except for the one requiring access to my bank account. I submitted my banking information for the past 23 months. I was told I didn't need to provide a void cheque as I had provided my recent pay stubs. On Oct 21, 2021, we agreed to a payment of $10,000 and then monthly payments of $350. I requested an email confirmation with interest rates, which wasn't provided. After making the agreed payment, I was informed the terms had changed to biweekly payments of over $460. This felt like a scam, and I refused to pay more. On Oct 23, 2021, another LM Credit representative called, demanding banking info for automatic withdrawal, which I refused. Each interaction with LM Credit involved different aggressive representatives, making it seem like a high-pressure scheme. They never provided interest rates and expected me to send banking info without proper documentation. They also started calling early in the morning and sending text messages, with the latest stating a new monthly payment of $353.26. Despite my requests, I haven't received the loan terms via email. They insisted on a void cheque for processing payments without showing me any information, which is suspicious. I've repeatedly asked for the loan terms in writing and have yet to receive them.