Flight Training Finance, LLC Waukegan Rd, Bannockburn

Flight Training Finance, LLC Reviews

• W

  Will Johnson
  1

  GO TO A CREDIT UNION. THIS PLACE WILL ASK FOR A CO SIGNER WITH. A 738 CREDIT SCORE. ON TOP OF THAT, THE INTEREST RATE IS 20-30%, DO YOURSELF A FAVOR AND GO TO YOUR LOCAL BANK OR CREDIT UNION. I WAS APPROVED FOR UP TO $25,000 UNSECURED THROUGH UPGRADE, AND TH INTEREST RATE IS ONLY 8% COMPARED TO THIS RIPOFF COMPANY. ALSO, UPGRADE WILL ALLOW YOU TO SAVE EVEN MORE % ON THE INTEREST BY ALLOWING YOU TO OPEN A BANKING ACCOUNT WITH THEM. ANOTHER THING, THIS COMPANY DOES NOT LOAN ALL OF THE MONEY UP FRONT. THEY WILL ONLY PAY OUT PICKET CHANGE AFTER EACH CLASS. AND YOU FLIGHT SCHOOL WILL HATE YOU SINCE THEY REQUIRE THEN TO SUBMIT BILLING FOR EACH AND EVER CLASS.

  Response from the owner

  Hi, Thank you for your feedback, Will. Unfortunately, our underwriting process required additional income documentation for your application, which we did not receive and resulted in a decline of your Conditional Approval. For over 22 years, we've strived to provide quality service to our 6000+ customers and 1000+ participating schools across the U.S. We work with future pilots to set up a financing plan that meets their needs, and we work with the flight schools to ensure they're paid on time. Interest rates will vary but do not exceed 21%. If you'd like to revisit your application or discuss your concerns, feel free to reach out to us, and we can chat about your experience and see if we're still a good fit. Otherwise, it sounds like you were able to find an option that works for you, and we wish you luck with your flight training.

• E

  Edilson Gomes
  2

  Would not recommend to anyone. I applied for a $4000 loan to help me finish my PPL and since I was still in high school I had no credit history. I was able to get a 19% interest rate (boy what was I thinking...) with a co-signer. I was hoping this would count towards my credit history but later found out that they do not report to the credit bureau, unless its negative (if you miss your payment date). Additionally, there is a payment fee unless you mail a paper check in advance. Simply put, look somewhere else.

• M

  Matthew Menist
  1

  I do not recommend this company to anyone! They say they want to approve everyone but no! All they do is hurt your credit report by placing inquiries on it. You call and talk to them they say with a cosigner you might be able to be approved. Had a cosigner and it was still denied they tell me unknown reasons. Have great credit and they still will not approve you all they do is run your credit multiple times and nothing to show from it do not go through this company!!!

• D

  Daniel Alvarez
  1

  Called in because I’m supposed to receive an interest refund check at the end of my loan. Spoke to Sandy who has no sense of basic customer service, and she stated that I will not be receiving a check after making all my payment on time via automatic payment. Their employees don’t have a clue what they are doing. If my issue doesn’t get resolved I’ll be reporting the company to the Better Business Bureau or hire a lawyer to resolve this matter.

• M

  Mark P.
  1

  There's a reason a lot of schools are no longer supporting Pilot Finance. It's bad for the FBO and it's bad for the student. No transparency on payments, amount owed, etc. They also immediately charge you interest on the full amount of the loan despite the fact that they control the training funds (The money has not actually been loaned yet). The school does not have the funds (And cannot give any prepayment/bulk discounts) and you cannot access the funds. The whole arrangement is so sketchy I have contacted the attorney general's office, and they agree that the company may not be acting in compliance with the law.

• B

  Brianna Walsh
  1

  They never answer the phone, they are awful at communicating with the flight school and they are completely unhelpful with every process of this loan. I should have gone another route.