Lendistry Loan
Is anyone else having issues with Lendistry? I had a loan approved on the 8th, today is the 18th, they only tell me that the loan is already closed and that it should arrive in my account soon, but they have been saying this for days and have not provided me with any other information such as ACH Trace ID. There is no ACH that takes 10 days! And they don't care about resolving my situation! Soon it's time to pay the installment, and I still don't even expect to receive the money, on Amazon seller support they say it's to be resolved directly with Lendisty! How will I solve it if they don't respond! Sometimes I feel like I have no support from Amazon, they know which bank account I should have received the loan from, since it is mandatory to lock bank account, I could prove with a bank statement that no money arrived... because on the 8th of next month Amazon is going to take the money out of my account, but when it comes to helping... we're left alone.
Is anyone else having same issues??
Lendistry Loan
Is anyone else having issues with Lendistry? I had a loan approved on the 8th, today is the 18th, they only tell me that the loan is already closed and that it should arrive in my account soon, but they have been saying this for days and have not provided me with any other information such as ACH Trace ID. There is no ACH that takes 10 days! And they don't care about resolving my situation! Soon it's time to pay the installment, and I still don't even expect to receive the money, on Amazon seller support they say it's to be resolved directly with Lendisty! How will I solve it if they don't respond! Sometimes I feel like I have no support from Amazon, they know which bank account I should have received the loan from, since it is mandatory to lock bank account, I could prove with a bank statement that no money arrived... because on the 8th of next month Amazon is going to take the money out of my account, but when it comes to helping... we're left alone.
Is anyone else having same issues??
1 reply
Micah_Amazon
Hello @Seller_INboukWZva3cl,
Thank you for your post. Lendistry offers a term loan to qualifying US-based businesses by invitation. Based on Lendistry’s criteria, each eligible business’s offer may range from $10,000 to $250,000 with terms of up to three years.
Annual percentage rate (APR) will vary and is determined by a number of factors including the credit worthiness of the seller, business performance on Amazon, and the ability to re-pay.
Update the bank account associated with a Lendistry loan
- If you would like to update your preferred bank account for both Amazon and Lendistry, you must first update the bank account that is associated with your business’s term loan with Lendistry. Contact Lendistry at (888) 216-6445 to request the change.
- Once the Lendistry account update has been processed, you can proceed with updating the bank account on Amazon. You will be required to confirm that your Lendistry and Amazon bank accounts match and are re-linked before the update becomes effective.
Pay off a loan from Lendistry
- To pay off your Lendistry financing, you can either make a payment through MyLendistry or email servicing@lendistry.com. Include your loan number in the email with a requested payoff date. Lendistry will provide a payoff statement and instructions for wiring payment.
I would also suggest opening a seller support case to get additional assitance. Please share the case ID in this thread so that I may monitor the case.
Looking forward to your response.
Cheers,
Micah
