BestMoney.com appears to be a financial comparison platform that helps users find and compare various financial products and services. It focuses on providing information and comparisons for products such as home loans, personal loans, car insurance, life insurance, pet insurance, online banking, student loan refinancing, home insurance, and more.
In this review, we'll explore the customer reviews about BestMoney and delve into the legitimacy of the company to determine whether it is a credible service or potentially a scam.
BestMoney: Negative Customer Reviews
I discovered that the reviews for BestMoney are predominantly negative. Here are a few examples:
This user is expressing frustration with BestMoney, specifically mentioning concerns about the potential for misleading information.
This review claims that the platform is a scam. The user is advising others not to use or trust the services provided by BestMoney.
This review suggests dissatisfaction with BestMoney's service, stating that it did not help and led the user to apply for a card through Chime, which the user finds to be awful.
This review criticizes BestMoney, describing the experience as "horrible." The user outlines a frustrating situation where they were rerouted six times, had to repeatedly provide their information, and did not receive a single quote.
This review strongly asserts that Bestmoney engages in false advertisement and is described as a "scam-100%." The user issues a clear warning, advising others not to provide their personal information to the platform.
This review claims that it continuously redirects users to other websites and categorizes the platform as a "Total scam." The user's dissatisfaction seems to stem from the redirection practices they experienced on the platform.
It appears that the user is expressing frustration because they did not receive a response to their request.
This review suggests that the user feels the company, presumably BestMoney, does not live up to the claims or representations made in its advertisements. This type of feedback indicates a perceived discrepancy between the user's expectations, based on the advertising, and their experience with the service.
This review strongly suggests that the user perceives the company, as a money grabber and recommends that individuals should "get a job" instead.
The user review criticizes BestMoney for what they perceive as a discrepancy between the platform's advertising claims and the actual eligibility requirements. Despite the advertised promise of approval for individuals with low credit, the user contends that in reality, a good credit score of 640 or above is necessary.
This review alleges that the platform is a "hoax" and suggests that it scammed the user out of their data.
The user goes on to claim that BestMoney directed them to another company, which then indicated that they were not the right fit and advised the user to learn to budget.
Clearly, the majority of the reviews present a negative perspective of BestMoney. Here is a summary:
- Misleading Advertising: Many reviews criticize BestMoney's advertising for suggesting easier loan approval than reality, particularly for those with low credit scores.
- Technical Issues: Several reviews mention website issues like redirections and repeated data entry, leading to frustration and inefficiency.
- Negative User Experience: Users report feeling scammed, disappointed, and frustrated with the lack of results or helpfulness from BestMoney.
- Data Concerns: Reviews express worry about sharing personal information due to perceived deception and potential data misuse.
Bestmoney: Exaggerated Numbers
The Bestmoney company appears to utilize exaggerated figures to boost its brand popularity. For example, the company boasts over 100 million "happy customers," but independent research suggests their actual user base is significantly smaller.
Overall, while exaggerated numbers might offer a temporary boost in popularity, they ultimately pose significant risks and can harm a company's reputation in the long run. Focusing on genuine value, transparency, and data-driven insights will build a more sustainable and trustworthy brand.
Bestmoney: Misleading Information
The Bestmoney company's website footer states an establishment date of 2009, which appears to be misleading. Contrary to this claim, reliable information indicates that the company was founded between 2018 and 2020.
As you can see in the image below, the Facebook Page has been created in 2020.
Notably, another Facebook page underwent a name change to "Bestmoney" in 2023.
The discrepancy between the claimed founding date on Bestmoney's website and the actual start date, raises concerns about transparency and accuracy in the company's representation. Misleading information about the establishment date can affect trust and credibility.
Conclusion
Based on the overwhelmingly negative reviews, misleading claims, and questionable practices, it's clear that BestMoney is not a trustworthy platform. Here's a summary of the red flags:
Predominantly Negative Reviews:
- Users expressed frustration with misleading information, feeling scammed, and experiencing technical issues.
- Many negative reviews criticize BestMoney's advertising for falsely promising easy loan approvals, particularly for those with low credit.
- Data privacy concerns arise due to perceived deception and potential misuse of personal information.
Exaggerated Numbers:
- Boasting over 100 million "happy customers" seems dubious compared to independent research suggesting a significantly smaller user base.
- Inflating numbers raises concerns about transparency and can ultimately damage the company's reputation.
Misleading Information:
- Claiming a 2009 founding date on the website appears inaccurate, with evidence suggesting a later start between 2018 and 2020.
- Misrepresenting the company's history raises concerns about transparency and can erode trust.
Additional Red Flags:
- Constant redirects on the platform hinder user experience and raise suspicion.
- Difficulty receiving responses or helpful results further contributes to user dissatisfaction.
- Reviews suggesting the platform is a "money grab" or "hoax" paint a concerning picture.
