About This Business
About This Business
Royalty Finance is a local lender with over 30 years of experience specializing in personal loans and automobile financing for individuals with all types of credit. With five locations across North Carolina, including Edenton, Murfreesboro, Greensboro, Winston-Salem, and Kannapolis, the company is well-positioned to serve its customers' financial needs. Royalty Finance offers personal loans ranging from $1,000 to $15,000, as well as financing options for automobiles, recreational merchandise, furniture, and appliances. The company prides itself on its ability to provide same-day approval and works closely with its customers to understand their current situation and make informed lending decisions. By reporting information to the credit bureau, Royalty Finance also helps its customers establish or re-establish their credit history. With a team of experienced loan specialists, the company has helped hundreds of individuals with past credit problems secure personal and auto loans. At Royalty Finance, the goal is to provide accessible and affordable financing options to those who need them, while also promoting responsible lending practices and helping customers achieve financial stability. Whether you're looking to consolidate debt, finance a major purchase, or simply need access to cash, Royalty Finance is committed to providing personalized service and flexible financing solutions to meet your unique needs. With its long history of serving the North Carolina community, Royalty Finance has established itself as a trusted and reliable partner for individuals seeking financial assistance. By choosing Royalty Finance, you can expect a straightforward and efficient lending process, competitive interest rates, and a dedicated team of professionals who are passionate about helping you achieve your financial goals.
Customer Review
Predatory Lending Practices and Lack of Transparency
I recently had the misfortune of dealing with Royalty Finance for a personal loan, and I must say, the experience was nothing short of disastrous. Despite their claims of 'same-day approval' and 'flexible financing solutions,' the process was convoluted, and the terms of the loan were downright usurious. The interest rate I was offered was exorbitant, and the repayment terms were designed to keep me in debt for as long as possible. When I questioned the loan specialist about the high interest rate, I was told that it was 'standard practice' for customers with my credit history. However, after doing some research, I discovered that the rate I was offered was significantly higher than what other lenders in the area were offering for similar loans. The lack of transparency regarding their lending practices and the predatory terms of the loan made me feel like I was being taken advantage of. To make matters worse, the customer service was unhelpful and dismissive when I tried to negotiate the terms of the loan. The representative I spoke with seemed more interested in meeting their sales quota than in providing me with a fair and affordable loan. In light of my experience, I would strongly advise against using Royalty Finance for any financial needs. Their business practices are predatory, and their lack of transparency is alarming. Instead, I would recommend exploring other options, such as credit unions or online lenders, which may offer more competitive rates and terms. It's also essential to do your research and read reviews from other customers to get a sense of a lender's reputation and business practices. By being informed and vigilant, you can avoid falling prey to predatory lenders like Royalty Finance and find a loan that meets your needs without breaking the bank.
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Company Overview
Royalty Finance
1300 N Broad St, Edenton, NC 27932-1464, US
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