Is Xact Legit?
Xact is a “real” lender, as a result of a partnership between CCBANK, a FDIC member, based in Provo, Utah, Axcess Financial, Cincinnati, Ohio. But its classification with Better Business Bureau (BBB) and the size and nature of complaints may make you think twice before getting a loan.
Also, Axcess Financial – Caling like XACT – participated in a collective lawsuit in California in 2023, which she claimed imposed interest rates that exceed the maximum rate permitted by California laws. The lawsuit also claimed that Axcess was working to run the “Rent-A-Bank” chart using CCBANK to roam the usury laws in the state.
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What is the degree of the researcher?
Finder Score creates 3+ types of short -term loans across 65+ lender. It takes into account the interest rate, fees and features of the product, as well as the type of loan, for example, the investor, the variable, the fixed rate – this gives you a simple degree of 10.
To provide the result, we compare the similar loans. So, if you compare the best short -term loans for all kinds of credit, you can see how you accumulate every short -term loans for other short -term loans with the same type of borrower, price type and type of payment.
Read the collapse of the complete researcher’s degree
Where XACT is shortened
With rates of up to 225 %, you don’t like you about the cost of Xact loans. If you cannot pay the loan early, you can pay three to four times as much as you borrow. Other installments have more prices at reasonable prices, even if your credit is weak. If you have decent credit, there are short -term loan options at competitive prices and more flexible loan conditions.
The company is also not transparent about its prices and conditions. It takes some drilling to see the cost of borrowing and the time you must pay. He has quite a few bad reviews, such as problems that record entry and modernization of banking information, which can lead to expensive late fees. Customers also said that it may be difficult to get a quick answer from customer service when problems appear.
What makes Xact shine?
XACT stands out to provide larger loan amounts than many other installment loans. But if you can’t pay it quickly, interest fees can easily lead to a debt cycle.
If you find yourself in the event of an emergency and only need to borrow about $ 1,000 or less, you can try the critical Advance app instead. The applications do not receive a later benefit or fee, and there is no credit check, but you usually have to pay them on the next payment day. For larger loans, you may want to think about a personal loan, although you will need good credit to get the best prices.
Xact loan details
| The minimum credit/credit range | There is no minimum |
| April | 145 % to 225 % |
| Loan | 500 dollars to $ 5,000 (a maximum dollar in California) |
| condition | Up to 18 months |
| Approval | Approval on the same day, the money was deposited as soon as the next business day |
| Availability | Not available in: Colorado, Connecticut, Georgia, Illinois, Iowa, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, South Dakota, Virginia, Washington West Virginia |
| expenses | |
| Other fees | unknown |
Xact Contact Information
| Phone number | 800-316-4220 |
| Customer service hours | Week days: from 8 am to 9 pm Saturday: from 10 am to 2 pm |
| Incomplete | |
| Q, previously Twitter | us |
| Xact loan |
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| major | $ |
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| interest | $ |
| The total cost | $ |
How to qualify for XACT
To qualify for Xact, borrowers need to meet the following loan requirements:
- An active bank account of no less than 30 days
- Proof of income and payment frequency
- Saleh’s picture identifier
- A verified phone number
Customers may need to provide salaries or other income documents to qualify.
How to apply
Here’s how to apply with xact:
- Complete and submit the application online.
- Wait for a decision, which should only take minutes.
- He underwent credit verification and verification if you decide to follow up.
- Sign your agreement if approved.
The company says if your loan is treated before 8 pm East time, you must receive your loan revenues by the next business day.
Xact reviews and complaints
| BBB certified | no |
|---|---|
| BBB classification | D |
| BBB customer reviews | 1.04 out of 5 stars, based on 27 clients reviews |
| TrustPilot degree | 4.5 out of 5 stars, based on 3800 reviews for customers |
| Customer reviews have been checked as of | May 27, 2025 |
There were no positive reviews on BBB, although one of the auditors admitted that the loan was easy to get. Negative comments included complaints about prices, which require you to pay up to three to four times what you borrowed. Others also report that weak customer service, inaccurate credit reports, delay in receiving loan revenues and their inability to log in. Many customers describe lending as a predator or perhaps a fraud.
XACT had positive reactions to TrustPilot, as customers extend to the process of easy application, rapid approval and the ability to refinance. But others said that the loan funds were not available as soon as it promised, the company was not an introduction to the foreground, and many were having difficulty logging in. Some returning customers also expressed frustration that prices have not decreased, although they have successfully paid loans in the past.
What do people say on Redit?
Repentor’s request, which sorry for a loan with Xact – but felt that they had no other option at the time – from others asking for suggestions on how to deal with it. The advice was to get side bustle, additional work or get a second job to pay as soon as possible.
Related questions
What is the credit you need to get a Xact loan?
Xact does not list the minimum credit level requirements. But this is intended for weak credit borrowers, which usually means that it accepts low credit degrees.
Does Xact perform a difficult credit examination?
The company says it may, “at its discretion,” verify your information from the national national credit offices or more.
Can a credit Xact loan harm?
Yes. If you perform a difficult credit examination when applying, this may temporarily drop your scores. It can also improve your degrees by registering a date of payments on time or lowering your grades if you make late or default payments on the loan.
