Our research into Scooby Cash revealed a few concerns.<\/p>
On the positive side, the lender has received plenty of positive customer feedback, with an average of 4.7\/5 from over 1,300 Trustpilot reviews. It has a professional-looking website that features important legal documents, and it supports instant banking verification. It also gets a 100\/100 Trustscore on scamadviser.com.<\/p>
But Scooby Cash is not clear about interest rates and fees on its website. It does, however, provide a loan example of a $500 loan that costs $660 to repay across 6 installments. Given this example, and taking into account how other short-term loan lenders in this space usually operate, you can expect an interest rate under 30% plus a broker fee in the hundreds. This can work out to APRs in the triple digits.<\/p>
The lender also only lists an email address on its website, with no phone number or office address provided. As a result, we\u2019re unsure of its legitimacy.<\/p>