Lenme: Borrowing and Lending

I requested a loan 7 days ago. As someone else on here said, you can actually see that others have borrowed and how much. I have seen so many people getting their loans funded since even a few minutes after I requested one. Some of them are way more than my request. Like $400 and $500. Not sure if these people are coming in after and getting theirs loans funded before me or if they had to wait too. Kind of frustrating. I seen a few folks say to use SoLo but I tried that one and first off you have to have at least $1 in your account. My account is always negative but the few times I did have at least $1, I still didn’t get an offer! I just gave up. Yes, I do have an income, but I always have to put my account in the negative. They say that it takes about 30 bays before your request gets canceled I guess, well, 7 days is long for someone who actually needed help 7 days ago! I have not much luck getting other loans so I figured why not try here. Can’t even cancel or lower the amount because you have to receive an offer first to do that. It would really help me right now until I get my income in a few days! I also don’t like have to pay a fee for something that doesn’t benefit me. There is a monthly fee but why can’t that be paid after you receive your first loan? Because then you are paying for a service you can’t use if it gets denied or takes too long to get funded and you change your mind. Also, my bank is not accepted so I had to link my other account where my income does not get deposited in, so I’m not sure if maybe that is why it is taking so long?

Please allow an additional loan to be requested if an offer expires instead of waiting 30 days. I had an offer but didn’t see it in time within the 48 hours and missed the opportunity (my Mom was in the hospital so I wasn’t paying attention to my phone or my offers). I would like the ability to request a new loan of an offer expired prior to 30 days or refresh my current loan to get an offer. This app has so much potential. Please consider these updates to make this a positive experience! Good afternoon! I enjoy using this app! I have one suggestion. Please allow a loan requested to be modified or cancelled so a new loan request can be submitted. The reason is if I submit a loan request that isn’t receiving any offers I may want to change the terms of the number of months to a lower number to pay the loan off more quickly and to attract potential lenders. This would be a significant improvement to the loan request process. Right now the app says I can’t cancel an existing loan request until I have one offer but I’d like to cancel it or modify it to change and lower the number of months I initially submitted to pay back the loan. Thank you!

I like Lenmo in general, it is relatively easy to use and I’ve been using it for a few months successfully. I’ve funded and had repaid several loans. However I often have errors with the app and customer service is not super responsive- it often takes days to have issues resolved. I also wish the app had a way to keep track of transaction history. For example being able to see when your lenmo account is funded, when and how much is paid out, when and how much is refunded. It will give notifications when a loan is funded and repaid but I would like something more like the transaction record of a bank account where I can the deposits and withdrawals. Also recently I didn’t receive notification of a repayment until a week after it was due- I don’t know if payment was late or lenmo was delayed in showing the notification- I would like to know so that I know whether I should be following up with lenmo about receiving my half of a late payment fee. I wish Lenmo was more transparent about where your money is and what is happening. When payments are late- are they collecting a late fee, are they making other attempts to collect, have debts been sent to collections, breaking down what’s been paid and when, keeping a running account balance. I expect these issues stem from the youth of the app, that improvements will come as the app becomes more established. I will need to take a break until current issues are resolved but I hope to be back. 🤞