White Rock Loans

• Loan Amounts
• Bad Credit
• Quick Process

Loan Amounts

Consumers can apply to borrow loans from $100 to $5,000 on White Rock’s websites. This range runs the gamut between what are referred to as payday loans or cash advances and standard personal installment loans.

Bad Credit

White Rock Loans offers personal loans, which are generally installment-based loans in higher amounts. If you aren’t eligible for a standard personal loan, it continues to look for a short-term lender to help you. The company will try to match customers with poor credit to accommodating lenders.

Quick Process

Funding can take as little as 24-48 hours and will be deposited into your checking account. This is helpful, especially if you have unexpected expenses, or you are using your short-term loan to avoid NSF or late payment fees on another payment, while waiting for your next paycheck.

• Company Info
• .Net vs .Com
• Third-Party Loans
• Credit Check
• No Guarantee
• Varying Loan Terms
• Class Action Waiver

Company Info

White Rock Loans is an offshore lending company generating loan referrals. It is owned and operated by Nesmetaju LLC, a company located in Charlestown, Saint Kitts and Nevis, in the West Indies.

Without further customer feedback, it is hard to say whether this company is operating in good faith. Our research found that Nesmetaju LLC does business under several different websites, including:

• Americanwebloans.net
• Ameriloancompany.com
• Avalonfindirect.com
• Backbaydirect.com
• Betterloansmutual.com
• Brentwooddirect.com
• Carlstonfinsolution.com
• Cash-advance-loans.co
• Cashfairy.net
• Cashonair.com
• Cashtodayasap.com
• Creditpack.org
• Dnmloan.com
• Eastsidedirect.com
• Easyloanonlinez.com
• Findcashlenders.com
• Findfundsfast.com
• Foreverloans.net
• Gotloans.com
• Honestlenders.com
• Lenderconnectionnetwork.com
• Loandentist.com
• Loangate.org
• Mytaxrefundloan.com
• Noproblemcash.com
• Pacificmanagementsolution.com
• Riveroaksfunding.com
• Roxbutyfinancial.com
• Rubikloan.com
• Searchforfunds.com
• Secureloan.org
• Shorttermloansonline.net
• Sohofundingdirect.com
• Southsidedirect.com
• Speedyloanstoday.com
• Sunsetdirectfunds.com
• Sureadvance.net
• Texasloansdirect.com
• Trusteddirectsolution.com
• Vouchfinancial.net
• Westlakefinservices.com
• Westwoodirect.com
• Yougetfunded.com
• Zip19.net

These were located with one quick and easy Google search. There are likely more web sites out there with this company as the owner and operator.

.Net vs. .Com

Nesmetaju LLC operates both WhiteRockLoans.net and WhiteRockLoans.com. Confusingly, they do not redirect to the same site, and the .net site appears to specialize in payday and cash advance loans, while the .com site, with a different logo, appears to specialize in personal, larger-amount installment-based financing.

Third-Party Loans

While it is awesome that this service is available to help connect you with online payday lenders, consumers may not end up with the best payday loan terms, from the consumer’s point of view. According to the site’s disclosures, “WhiteRockLoans.com receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer.”

Additionally, White Rock Loans’ terms and conditions also state that consumers may be matched with a tribal lender, with whom “rates and fees may be higher than state-licensed lenders,” and any disputes must be handled under tribal jurisdiction.

On top of that, the site states that the terms and conditions are subject to change at any time.

Credit Check

When consumers complete the application process, they agree to a credit check with the major credit bureaus, but the site doesn’t necessarily say which. It can either be with the major bureaus Equifax, Experian, or TransUnion, but they also use alternative bureaus like DP Bureau, Teletrack, and others.

Depending on which route they take, it could either be a hard or soft credit check. A hard check shows up on your credit history and can affect your credit score in the future. That is without a loan actually being let.

Additionally, missing or late payments can affect your credit score.

No Guarantee

If you live in an area that doesn’t allow payday loans, you can’t necessarily receive one through this site. It depends on your residence.

Varying Loan Terms

As with any loan network, it is hard to know what your annual percentage rate, payments, term, and fees will be like prior to submitting your loan request for bidding by the participating lenders in White Rock’s network. The company itself has no control over lender terms offered to you and takes no responsibility. You will be dealing with a third-party company if you do accept a loan.

As each lender’s terms vary, some lenders may require that you fax information. When you deal with just one lender, you will know in advance whether you need to fax details, or whether everything can be handled online.

If you do end up connecting with lenders through this company, please review the repayment terms and make sure that you thoroughly understand them. It is crucial that you know what you are getting into and confirm you can repay the loan before agreeing to financing with any lender.

Class Action Waiver

In the White Rock Loans terms and conditions, users waive the right to be included in any class action suit.