ricobovosh
New Member
I’m wondering if anyone has honest reviews of SOS Loans, as I’m cautious about online personal loans—any experiences to share? https://sosloans.com
Is SOS Loans Legit? Honest Reviews & User Experiences 2024
- Thread starter ricobovosh
- Start date
Tape
V.I.P
It appears SOS Loans is not a trustworthy lender.
I researched online and found only a handful of reviews, most describing scams. One user was asked to pay a $50 “fee” in Bitcoin (actually costing about $65) and then was pressured to pay additional fees, ending up paying thousands without ever receiving a loan.
The lack of transparent terms and the pattern of endless fees suggest the company is likely illegitimate. Use this information to decide if you want to pursue them.
I researched online and found only a handful of reviews, most describing scams. One user was asked to pay a $50 “fee” in Bitcoin (actually costing about $65) and then was pressured to pay additional fees, ending up paying thousands without ever receiving a loan.
- Requested loan: $5,000 (later inflated to $15,000)
- Fees: $50 + extra charges, no clear interest rate
- Payment method: Bitcoin only
The lack of transparent terms and the pattern of endless fees suggest the company is likely illegitimate. Use this information to decide if you want to pursue them.
Rickey
New Member
This post provides an overview of S.O.S. Loans, Inc., the company behind sosloans.com. It includes details about the company's background, services offered, financial information, and recent news.
Company Overview
S.O.S. Loans, Inc. is a financial services company based in Torrance, California. It was founded in 1998, although some sources indicate that it was formally incorporated in 2021. The company operates in the finance industry with a focus on unsecured personal loans. Its headquarters are located at 3655 Torrance Blvd, Suite 460, Torrance, California 90503.
The target audience for S.O.S. Loans primarily includes working professionals and executives in California who have fair to good credit ratings. The loan range offered by the company is between $10,000 and $50,000, with funds provided through secure bank wire transfers.
Business Model & Services
S.O.S. Loans functions as a licensed direct lender within California. The company offers a fully online loan process that emphasizes privacy and concierge-level customer service. One key aspect of their loans is that they are unsecured, meaning no collateral—such as a car or home—is required from borrowers.
The company also markets itself to high-profile clients like executives, athletes, and public service professionals who may seek loans without the need for collateral or extensive paperwork.
Financial Snapshot
S.O.S. Loans generates an estimated revenue of around $3.6 million annually and has approximately seven employees. Helmut Stiebel serves as the Manager of Online Lending at the company.
Recent News
As of now, there have been no major news articles or press releases concerning S.O.S. Loans, Inc., that highlight significant changes or developments as of 2025 or earlier. The company seems to operate quietly and privately, aligning with its branding focused on discretion and boutique lending.
If you're interested in learning more about S.O.S. Loans or wish to check their reputation further, you can refer to California’s Department of Financial Protection and Innovation (DFPI) for licensing status or consumer information.
Company Overview
S.O.S. Loans, Inc. is a financial services company based in Torrance, California. It was founded in 1998, although some sources indicate that it was formally incorporated in 2021. The company operates in the finance industry with a focus on unsecured personal loans. Its headquarters are located at 3655 Torrance Blvd, Suite 460, Torrance, California 90503.
The target audience for S.O.S. Loans primarily includes working professionals and executives in California who have fair to good credit ratings. The loan range offered by the company is between $10,000 and $50,000, with funds provided through secure bank wire transfers.
Business Model & Services
S.O.S. Loans functions as a licensed direct lender within California. The company offers a fully online loan process that emphasizes privacy and concierge-level customer service. One key aspect of their loans is that they are unsecured, meaning no collateral—such as a car or home—is required from borrowers.
The company also markets itself to high-profile clients like executives, athletes, and public service professionals who may seek loans without the need for collateral or extensive paperwork.
Financial Snapshot
S.O.S. Loans generates an estimated revenue of around $3.6 million annually and has approximately seven employees. Helmut Stiebel serves as the Manager of Online Lending at the company.
Recent News
As of now, there have been no major news articles or press releases concerning S.O.S. Loans, Inc., that highlight significant changes or developments as of 2025 or earlier. The company seems to operate quietly and privately, aligning with its branding focused on discretion and boutique lending.
If you're interested in learning more about S.O.S. Loans or wish to check their reputation further, you can refer to California’s Department of Financial Protection and Innovation (DFPI) for licensing status or consumer information.