Is iLending Auto Refinancing Legit? Real Savings or Scam Risk?

Yes, iLending Auto Refinancing appears to be a legitimate service, but experiences vary widely.

I dug through the publicly posted reviews to see what real customers say. Here’s what I found:

- Positive experiences
- Customers report friendly agents (Ruben Diaz, Armon Bosier, John Broome, Phil) who explain the process clearly.
- Several borrowers say they got lower monthly payments and a reduced interest rate—one user even said the rate was cut in half.
- The paperwork and approvals were described as fast, with agents sending documents quickly for review and signature.

- Negative experiences
- A few reviewers claim the final payoff amount changed after signing, adding an unexpected $700 fee or raising the monthly payment.
- One customer said a hard credit pull was done, then additional documentation (paystubs) was demanded after the contract was signed.
- There are complaints about the company blocking negative reviews on its own site.

What the numbers look like
  • No specific interest rates were listed, but at least one borrower mentioned the rate was halved.
  • One case noted an extra $700 upfront cost after the agreement was signed.

Things to watch out for
  • Expect a hard credit pull; it can affect your score.
  • Be prepared to provide paystubs or other income verification, even if they weren’t mentioned initially.
  • Double‑check the payoff amount and any fees before you sign the final contract.

Overall, iLending seems to help many people lower their car payments, especially those on fixed incomes. However, the occasional surprise fee and the extra documentation request suggest you should read the fine print carefully and stay on top of the numbers.

I haven’t used the service myself—my view is based solely on the feedback I could find. It’s up to you to decide if the potential savings outweigh the risks.
 
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