Lendingfrc.com Review

Based on looking at the website Lendingfrc.com, it appears to offer services related to home mortgages, including purchase qualifications, refinance rate checks, and pre-approvals. However, the core service revolves around interest-based loans, which are fundamentally impermissible in Islam due to the concept of Riba usury. Riba is strictly prohibited and is viewed as an oppressive and exploitative practice that destabilizes economies and creates undue hardship. Engaging in interest-based transactions, whether as a lender or borrower, carries severe warnings in Islamic teachings. This website, by facilitating and promoting conventional mortgage loans that inherently involve interest, directly conflicts with Islamic financial principles.

Overall Review Summary:

• Website Focus: Mortgage loans, refinance options, and rate comparisons.
• Core Service: Facilitation of interest-based lending Riba.
• Islamic Ethical Compliance: Forbidden due to involvement in Riba.
• Transparency: Some tools available, but detailed ethical disclosures are absent.
• Customer Testimonials: Present, but user experience with ethical concerns is not addressed.
• Recommendation: Not recommended for Muslims or anyone seeking ethically compliant financial services.

While the website presents itself as a solution for saving money on mortgages and getting pre-approved quickly, it operates within a system that is fundamentally flawed from an Islamic perspective.

The emphasis on “lower rates” and “saving money on interest” still implies the existence and acceptance of interest, which is the very element that makes these transactions forbidden.

The promise of “fast funding options” and quick pre-approvals, while convenient, does not override the ethical impermissibility of the underlying financial structure.

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For those seeking to align their financial dealings with Islamic principles, conventional mortgage services like those offered by Lendingfrc.com are to be avoided entirely.

The long-term spiritual and ethical implications far outweigh any perceived short-term financial benefit.

Here are some ethical alternatives for property acquisition that align with Islamic principles:

• Ijara Leasing: A structure where a financial institution purchases the property and leases it to the client for a specified period, with ownership transferring at the end of the term.
• Murabaha Cost-Plus Financing: The institution buys the property and then sells it to the client at an agreed-upon higher price, payable in installments. There is no interest charged, only a pre-agreed profit margin.
• Musharaka Partnership Financing: A joint venture where the institution and client are co-owners of the property. The client gradually buys out the institution’s share, and both share in the property’s income if any and risks.
• Diminishing Musharaka: A common form of Musharaka for home financing where the client gradually acquires the financier’s stake in the property over time, reducing the financier’s ownership share.
• Wakala Agency Arrangement: An agreement where the client acts as an agent for the financial institution to purchase the property on its behalf.
• Takaful Islamic Insurance: While not a direct alternative for home financing, Takaful provides a cooperative insurance solution for property protection, avoiding conventional interest-based insurance.
• Saving and Cash Purchase: The most straightforward and undeniably halal method is to save the necessary funds and purchase a home outright with cash, avoiding any debt. This requires discipline and long-term financial planning.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

The Grave Implications of Interest-Based Home Loans

Conventional home loans, as promoted by platforms like Lendingfrc.com, are fundamentally built upon the concept of interest Riba, which is strictly forbidden in Islam.

The prohibition of Riba is one of the most emphasized commandments in the Quran and Sunnah, carrying severe warnings for those who engage in it. This isn’t just about a religious formality.

It’s about a just economic system that prioritizes fairness, shared risk, and productivity over exploitation and unearned gain.

The allure of “lower rates” or “saving thousands” through such loans is a mirage, as the underlying mechanism remains illicit.

Why Riba is Forbidden in Islam

The prohibition of Riba stems from a deep understanding of economic justice. Thedannycoach.com Review

In Islam, money is seen as a medium of exchange, not a commodity to be traded for profit itself.

Profit should arise from productive activity, trade, or shared risk in an investment.

Riba, however, represents an increase on a loan without a corresponding productive effort or risk from the lender beyond the provision of capital.

• Exploitation of Need: Riba disproportionately affects the needy. Those who borrow out of necessity are burdened with an additional, ever-increasing cost, pushing them further into debt.
• Wealth Concentration: It leads to the concentration of wealth in the hands of a few, as capital earners can generate income passively without contributing to real economic growth.
• Discourages Productivity: When money can earn money by itself, there’s less incentive for real investment, innovation, and productive enterprise.
• Economic Instability: Interest-based systems are inherently unstable, contributing to boom-bust cycles, financial crises, and excessive debt. The 2008 financial crisis, for instance, highlighted the dangers of speculative lending and high-interest mortgages.

The Negative Outcomes of Interest-Based Transactions

Engaging in Riba, whether through conventional mortgages or other interest-bearing financial products, has profound negative consequences, both individually and societally.

• Divine Displeasure: The Quran explicitly warns against Riba, stating that Allah destroys Riba and nourishes charities Quran 2:276. It’s considered a declaration of war against Allah and His Messenger.
• Loss of Blessings Barakah: Even if one seemingly gains wealth through Riba, it is devoid of blessings and may not bring true contentment or long-term prosperity.
• Moral Decay: The pursuit of Riba fosters greed, selfishness, and a lack of empathy for those in need, eroding community spirit.
• Economic Inequality: As mentioned, Riba exacerbates wealth disparities, creating a society divided into debtors and creditors, often leading to social unrest.
• Financial Instability for Individuals: Many individuals fall into debt traps, struggling to pay off loans where the interest component often dwarfs the principal. This can lead to stress, bankruptcy, and loss of assets. According to the Federal Reserve, household debt in the U.S. reached $17.5 trillion by the end of 2023, with mortgage debt being the largest component at $12.44 trillion. A significant portion of this debt is interest-bearing. Source: Federal Reserve Bank of New York

Ethical Islamic Alternatives for Home Ownership

Given the severe prohibition of Riba, Muslims must seek alternative, Sharia-compliant methods for home ownership. Pandyshop.com Review

These alternatives are not merely loopholes but distinct financial contracts designed to embody Islamic principles of justice, risk-sharing, and ethical investment.

They encourage real economic activity rather than speculative gains from money itself.

• Ijara Leasing/Rent-to-Own: This involves the financial institution purchasing the property and then leasing it to the client. The client pays rent, and at the end of the lease term, ownership is transferred to the client, either through a separate sale agreement or as part of the initial contract.
  • Mechanism: The financier owns the asset and charges rent for its use.
  • Risk Sharing: The financier bears the ownership risk and responsibility for major structural maintenance.
  • Example Provider: Guidance Residential, American Finance House LARIBA
• Murabaha Cost-Plus Sale: The institution buys the property and then resells it to the client at a pre-agreed higher price cost + profit margin, payable in installments. There is no interest on the installments. the profit is part of the sale price.
  • Mechanism: A deferred payment sale where the profit margin is fixed upfront.
  • Risk Sharing: The financier takes ownership risk before selling to the client.
  • Example Provider: Some community-based Islamic finance cooperatives.
• Musharaka Mutanaqisah Diminishing Partnership: This is a popular model where the financial institution and the client jointly purchase the property. The client then gradually buys the institution’s share in the property over time through regular payments, becoming the sole owner at the end of the term. The client also pays rent for the use of the institution’s share of the property.
  • Mechanism: Joint ownership with gradual transfer of equity.
  • Risk Sharing: Both parties share ownership risks and responsibilities proportionately.
  • Example Provider: University Islamic Financial, Ijara Community Development Corporation
• Istisna’ Manufacturing/Construction Finance: This is used for financing the construction of a new property. The financial institution commissions the construction and then sells the completed property to the client, either on a deferred payment basis or with immediate payment.
  • Mechanism: A contract for the manufacture or construction of goods.
  • Risk Sharing: The financier bears the risk of project completion and cost overruns.
• Sukuk Islamic Bonds: While not direct home financing, Sukuk can be used to raise funds for large-scale real estate projects. Individuals can invest in Sukuk that represent ownership in tangible assets, earning a return from those assets.
  • Mechanism: Asset-backed or asset-based securities.
  • Risk Sharing: Investors share in the performance of the underlying assets.
• Qard Hasan Benevolent Loan: While rarely applicable for entire home purchases due to the large sums involved, a Qard Hasan is an interest-free loan given out of goodwill. It is repaid without any addition, and if the borrower faces difficulty, the lender is encouraged to defer repayment.
  • Mechanism: Interest-free loan.
  • Risk Sharing: Lender bears full risk of non-repayment.
• Self-Financing/Cash Purchase: The ideal and purest form of home ownership. Saving diligently and purchasing a home outright with cash eliminates any need for debt or interest. This requires significant discipline and patience but offers complete financial freedom and peace of mind. According to the National Association of Realtors, cash sales accounted for 26% of home sales in October 2023, indicating a substantial segment of buyers who avoid financing. Source: National Association of Realtors

These alternatives demonstrate that ethical, Sharia-compliant pathways to home ownership exist and are actively practiced.

They require diligence in finding the right providers and understanding the specific contracts, but the effort is essential for maintaining integrity in one’s financial dealings according to Islamic principles.

Lendingfrc.com Review & First Look

When you land on Lendingfrc.com, the immediate impression is one of efficiency and directness, geared towards solving a specific problem: navigating home loans and refinancing. Maxon.net Review

The homepage is dominated by calls to action focused on saving money, checking rates, and getting pre-approved.

It’s designed to funnel users into their loan application process with minimum friction.

Initial Observations and User Interface

The website’s design is clean and functional, prioritizing clarity over elaborate aesthetics.

The core message “Want to Save $1000s on Your Mortgage?” is prominently displayed, immediately addressing a key pain point for potential borrowers.

• Prominent CTAs: Buttons like “Get Your FREE Pre-Approval Letter,” “Analyze Your Refinance Options,” and “Get Your FREE Personalized Rate Quote Now!” are strategically placed above the fold and throughout the page. This indicates a strong focus on lead generation.
• Streamlined Navigation: The site appears to have a simple navigation, primarily relying on these embedded tools and direct links within the main content. This can be good for user flow but might lack comprehensive informational sections.
• Lack of Detailed “About Us”: A quick scan doesn’t immediately reveal a comprehensive “About Us” section detailing the company’s history, mission, or team beyond generic mentions of “experienced team of Mortgage Advisors.” This can raise questions about transparency and trust for new visitors.
• Absence of Legal/Compliance Information: There’s no immediately visible link to detailed terms of service, privacy policy, or licensing information in the footer or prominent areas. Reputable financial websites usually display this clearly.
• Limited Educational Content: While tools are offered, in-depth educational articles or resources about the mortgage process, beyond the immediate tools, seem to be minimal on the homepage.
• Customer Testimonials: The site features a “What Clients Are Saying…” section, providing social proof. However, these are brief and lack significant detail about the specific experience or the clients themselves beyond names like “Millissa Faulkne” and “A Happy client.”

Focus on Conventional Lending Practices

The language used throughout Lendingfrc.com explicitly references and promotes conventional interest-based financial products. Everdries.com Review

Phrases such as “lower rates,” “interest you pay over the life of your loan,” “cash-out refinance,” and “home purchase loan” are clear indicators of an interest-driven model.

• “Interest You Pay”: This phrase, found in the “Refinance for Better Rates” section, confirms the use of interest as a fundamental component of their loans.
• “Cash-Out Refinance”: This service allows homeowners to borrow against their home equity, often through a new, larger mortgage, which inherently involves interest on the borrowed amount.
• “Compare Today’s Mortgage Rates”: This tool directly facilitates shopping for the best interest rates, reinforcing the interest-based nature of the service.
• “Loan Funding”: The entire premise is built around securing and funding loans, which, in the conventional sense, are transactions where interest is charged on the principal.

From an Islamic perspective, the omnipresence of Riba interest in every service offered makes Lendingfrc.com’s offerings impermissible. The site does not provide any indication of Sharia-compliant alternatives or any consideration for ethical financing models that avoid interest. Therefore, for individuals seeking to adhere to Islamic financial principles, this platform would not be a viable option.

Lendingfrc.com Pros & Cons

Given that Lendingfrc.com primarily deals with interest-based mortgages, which are impermissible in Islam, a traditional “pros and cons” analysis would be misleading if it suggested a balance.

Instead, we’ll highlight the operational aspects of the website that might be considered “pros” from a secular business perspective though still undesirable due to the underlying activity and then focus heavily on the “cons” from an ethical and Islamic standpoint.

Operational Aspects Not Endorsed for Muslims

From a purely functional, secular perspective, Lendingfrc.com attempts to offer a streamlined service. Ukiot.io Review

• User-Friendly Interface: The website appears to be well-designed, with clear calls to action and an intuitive layout. This makes it easy for users to navigate and understand the primary services.
• Quick Tools & Calculators: The presence of “Home Purchase Qualifier,” “Refinance Rate Checker,” and “Free Pre-Approval Letter” tools suggests an effort to provide immediate value and automate parts of the loan process.
• Focus on Speed: Phrases like “Get Your Loan Funded Faster” and “fully funded 30 Days From Now” indicate a commitment to efficient processing, which is often a priority for borrowers.
• Rate Comparison Feature: Offering a tool to “Compare Today’s Mortgage Rates” can be beneficial for secular consumers looking to find competitive interest rates in the market.

Ethical & Practical Cons Crucial for Muslims

The significant drawbacks of Lendingfrc.com stem primarily from its core business model.

• Involvement in Riba Interest: This is the paramount issue. All services offered—mortgage loans, refinancing, rate comparisons—are inherently based on interest. In Islam, Riba is explicitly forbidden and carries severe warnings. Engaging with such services, regardless of perceived financial benefit, is contrary to Islamic teachings.
• Lack of Transparency on Ethical Stance: The website makes no mention of Sharia-compliant alternatives or any consideration for religious or ethical financial guidelines. This indicates a complete disregard for a significant segment of the population that adheres to such principles.
• Absence of Key Legal Disclosures: A thorough review of the homepage does not immediately reveal prominent links to essential legal documents like Terms of Service, Privacy Policy, or State Licensing Disclosures. For any financial service, these are crucial for consumer protection and trust.
  • Regulatory Compliance: While the website mentions “Lending Force, LLC,” without readily accessible licensing information, it’s difficult for a user to verify their regulatory standing and ensures they operate legally in all states they serve. For example, the Nationwide Mortgage Licensing System NMLS Public Access site allows consumers to look up licensed mortgage companies and individuals. A lack of clear NMLS ID on the website is a red flag.
• Generic Testimonials: The testimonials provided are very brief and lack specifics, making it difficult to ascertain their authenticity or gain genuine insight into client experiences beyond superficial praise.
• No Information on Complaint Resolution: There’s no visible pathway for users to lodge complaints or understand the process for dispute resolution, which is a standard feature for reputable financial service providers.
• Limited Educational Content: While tools are present, the site does not offer in-depth articles or comprehensive guides on the complexities of mortgages, the true cost of interest over time, or the various types of loans beyond their specific offerings. This can leave users less informed about their long-term financial commitments.

In conclusion, for a Muslim individual, the “cons” far outweigh any operational “pros” of Lendingfrc.com, rendering it an unsuitable and forbidden platform for financial dealings due to its core reliance on interest.

How to Cancel Lendingfrc.com Interactions

Since Lendingfrc.com operates as a lead generation and mortgage facilitation platform, rather than a subscription service with a traditional account, the concept of “canceling a subscription” or “free trial” doesn’t directly apply in the usual sense.

Instead, cancellation would involve halting any ongoing application processes, opting out of communications, and ensuring personal data is no longer actively used by them.

Halting an Active Application

If you have initiated a pre-approval, rate quote, or loan application process with Lendingfrc.com or their affiliated lenders, you would need to take proactive steps to cease that process. Mage-people.com Review

• Contact Them Directly: The most direct method is to immediately contact Lendingfrc.com. While a specific customer service number or email isn’t overtly displayed on the homepage, look for a “Contact Us” section, usually in the footer. If unavailable, try to trace back any communication you’ve received from them emails, calls for contact details.
  • Be Clear and Explicit: When contacting, state clearly that you wish to withdraw your application and revoke consent for them to process your information or share it with third-party lenders.
• Follow Up in Writing: Even after a phone call, it’s wise to send a follow-up email confirming your withdrawal request. This creates a written record.
• Monitor Your Credit Report: After withdrawing, monitor your credit report to ensure no unauthorized inquiries or accounts are opened in your name related to these applications. It’s a good practice to regularly check your credit report from services like AnnualCreditReport.com, which provides free reports annually from the three major bureaus.

Opting Out of Communications

If you’ve submitted your information, you might start receiving marketing communications emails, calls, texts from Lendingfrc.com or their partner lenders.

• Unsubscribe from Emails: All marketing emails should have an “unsubscribe” link, usually at the bottom. Click this link and follow the prompts to opt out of future emails.
• Request to be Removed from Call Lists: If you receive phone calls, clearly state to the caller that you wish to be removed from their call lists and any associated third-party call lists.
• Check Privacy Policy If Available: If you can locate their Privacy Policy, it should outline how they handle your data and your rights regarding opting out of data sharing or marketing. Many privacy policies provide instructions on how to submit a data deletion or opt-out request.

Data Privacy and Deletion

Under various data privacy regulations, including the California Consumer Privacy Act CCPA in the U.S.

And GDPR in Europe though Lendingfrc.com appears U.S.-centric, consumers have rights regarding their personal data.

• Submit a Data Deletion Request: You may have the right to request that Lendingfrc.com delete your personal information they have collected. Look for a “Do Not Sell My Personal Information” link or a dedicated privacy request form on their site, or contact them directly.
• Be Persistent: Sometimes, it might require persistence to ensure your data is fully removed from their systems and those of their partners. Keep records of your communication.

Given the interest-based nature of Lendingfrc.com’s services, a Muslim should avoid engaging with them from the outset.

However, if any interaction has occurred, it’s crucial to immediately halt the process and ensure your personal data is no longer processed for impermissible transactions. Apexacquisition.com Review

Lendingfrc.com Pricing

Lendingfrc.com, as a platform that connects users with mortgage options, doesn’t typically have a direct “pricing” model in the way a SaaS product or a retail service would.

Instead, its “cost” is embedded within the conventional mortgage system it facilitates.

The website itself states “Get your FREE Pre-Approval Letter” and “This free calculator crunches the numbers for you,” implying that the initial tools and inquiries are at no direct cost to the user.

How Lendingfrc.com Likely Generates Revenue

Platforms like Lendingfrc.com typically operate on a lead generation or referral model, where they earn money from the lenders they connect you with.

• Referral Fees: When a user submits an inquiry and is connected with a mortgage lender, Lendingfrc.com likely receives a commission or referral fee from that lender if the lead converts into a funded loan. This means their revenue is directly tied to facilitating interest-based transactions.
• Advertising: They might also feature preferred lenders or financial products more prominently in exchange for advertising fees.
• Data Monetization: In some cases, consumer data collected through these platforms can be anonymized and sold to third-party marketing companies, though this is less directly related to the “price” of their core service.

The “Cost” to the Borrower Ethically Impermissible

While Lendingfrc.com might not charge you directly, the underlying products—mortgages—come with significant costs, primarily in the form of interest. This is the crucial element that makes their offerings ethically unacceptable in Islam. Spryinterior.com Review

• Interest Payments: The primary cost of any conventional mortgage is the interest paid over the life of the loan. This can amount to hundreds of thousands of dollars more than the principal borrowed. For instance, on a $300,000, 30-year fixed-rate mortgage at 7% interest, the total interest paid would be approximately $419,000, meaning you pay over $719,000 for a $300,000 home. Source: Consumer Financial Protection Bureau CFPB mortgage calculator
• Loan Fees: Beyond interest, conventional loans often come with various fees, including:
  • Origination Fees: Charged by the lender for processing the loan, typically 0.5% to 1% of the loan amount.
  • Underwriting Fees: For evaluating the loan application.
  • Appraisal Fees: For valuing the property.
  • Credit Report Fees: For pulling your credit history.
  • Title Insurance Fees: To protect the lender and borrower from property title issues.
  • Escrow Fees: For managing closing documents.
• Closing Costs: These are a combination of the above fees and other charges that typically amount to 2% to 5% of the loan amount. For a $300,000 loan, this could be $6,000 to $15,000. Source: Zillow research on closing costs
• Prepayment Penalties: Some loans may include penalties if you pay off the mortgage early.
• Hidden Costs: The complexities of conventional mortgage agreements can sometimes hide additional fees or unfavorable terms that become apparent only over time.

From an Islamic perspective, the “price” of using a service like Lendingfrc.com is not just the financial fees, but the spiritual cost of engaging in Riba. This spiritual cost is immeasurable and far outweighs any monetary savings or convenience offered by the platform. The very act of facilitating or partaking in interest-based transactions is condemned, making the “pricing” of such services irrelevant when viewed through an Islamic lens.

Lendingfrc.com vs. Islamic Finance Providers

A direct comparison between Lendingfrc.com and ethical Islamic finance providers is crucial for understanding the fundamental differences in their operational models and ethical stances.

While Lendingfrc.com facilitates conventional, interest-based mortgages, Islamic finance providers offer Sharia-compliant alternatives that avoid Riba.

Lendingfrc.com: The Conventional Model

• Core Principle: Based on interest Riba as the primary mechanism for profit and return on capital.
• Product Offerings:
  • Home Purchase Loans: Conventional mortgages with interest rates.
  • Refinance Options: Restructuring existing interest-based loans or taking out new ones with interest.
  • Cash-Out Refinance: Borrowing against home equity, incurring interest.
• Revenue Model: Primarily earns through referral fees or commissions from conventional lenders for connecting them with borrowers.
• Risk Bearing: The lender bears the risk of default, but the borrower carries the burden of interest payments regardless of their financial situation or the asset’s performance. The risk is heavily skewed towards the borrower.
• Ethical Stance: No explicit ethical stance, operates within secular financial regulations. Focuses solely on maximizing financial gain through interest.

Islamic Finance Providers: The Ethical Alternative

• Core Principle: Based on profit and loss sharing, asset-backed transactions, and risk-sharing, completely avoiding Riba. Adheres to Sharia law.
• Product Offerings Examples:
  • Ijara Leasing: Institution buys and leases property to client. ownership transfers at end of term. No interest, client pays rent for use.
  • Murabaha Cost-Plus Sale: Institution buys property and resells to client at a disclosed profit margin, payable in installments. No interest.
  • Musharaka Mutanaqisah Diminishing Partnership: Joint ownership with client gradually buying out institution’s share, paying rent for institution’s portion. Risk and profit/loss shared.
• Revenue Model: Earns profit through legitimate trade, leasing, or partnerships, where profit is derived from real economic activity, not just money changing hands.
• Risk Bearing: Risk is shared between the financial institution and the client, reflecting a partnership approach. For instance, in Musharaka, both parties share in gains and losses proportionally.
• Ethical Stance: Explicitly operates under Islamic ethical guidelines, prioritizing justice, fairness, and avoidance of exploitation. Focused on halal permissible transactions.
• Accessibility: Growing, but still more niche compared to conventional finance. Requires specific knowledge from both providers and consumers.

Key Differences in a Snapshot

Feature	Lendingfrc.com Conventional	Islamic Finance Providers
Foundation	Interest Riba	Profit/Loss Sharing, Asset-Backed Transactions
Primary Gain	Unearned return on money interest	Profit from trade, leasing, partnership
Risk Bearing	Heavily on borrower fixed interest	Shared between financier and client
Ethical Basis	Secular, profit-driven	Sharia-compliant, justice-driven
Goal	Maximize return on capital through interest	Facilitate ethical transactions, avoid Riba, promote justice
Typical Costs	Interest, origination fees, closing costs	Profit margin Murabaha, rent Ijara/Musharaka, service fees

For a Muslim, the choice is clear: Islamic finance providers, despite potentially requiring more research to find or having slightly different structures, offer the only permissible pathway to home ownership.

Lendingfrc.com, by its very nature, deals in what is forbidden, making it an entirely unsuitable option. Georgethe.tech Review

Organizations like Amana Bank not a US-based bank, but a prominent global example of Islamic banking, Guidance Residential, and University Islamic Financial in the US represent the type of entities that offer ethical, Sharia-compliant alternatives.

How to Cancel Lendingfrc.com Free Trial

The concept of a “free trial” typically applies to subscription services or software platforms where users get temporary access to premium features before committing to a paid plan.

Based on the content on Lendingfrc.com’s homepage, it does not appear to offer a traditional “free trial” for a paid service.

Instead, it offers “free” tools and services that are designed to onboard users into their mortgage application process.

Understanding “Free” on Lendingfrc.com

When Lendingfrc.com mentions “FREE Pre-Approval Letter” or “free calculator,” it means that the initial engagement with these tools does not directly cost the user money. Extended-vehicle-warranty.com Review

This is a common marketing strategy in the financial services industry to attract leads.

The real “cost” from an ethical perspective arises when a user proceeds to apply for and obtain an interest-based mortgage loan facilitated by the platform.

• Lead Generation Strategy: These “free” offerings are primarily lead generation tools. They collect user information e.g., financial details, contact information that is then used to connect them with conventional mortgage lenders.
• No Subscription Model: There’s no indication of a tiered service where a “free trial” unlocks advanced features that later require a paid subscription. The service itself is about facilitating loans, not providing a software subscription.

Actions If You’ve Engaged with “Free” Tools

If you have used any of Lendingfrc.com’s “free” tools, such as the pre-approval letter or rate checker, and provided your personal information, the actions needed are not about canceling a trial but about managing your data and stopping further processing.

• Withdraw Consent: Since you likely provided personal and financial information to use these “free” tools, you should consider that as an implicit consent for them to process your data and potentially share it with lenders. To “cancel” this implicit engagement, you need to explicitly withdraw your consent.
  • Contact the Company: Reach out to Lendingfrc.com through any contact information you can find e.g., email address in their privacy policy, if available, or a contact form and state that you wish to withdraw any applications, revoke consent for data processing, and request the deletion of your personal information.
  • Reference Data Privacy Laws: If you are in a jurisdiction with strong data privacy laws e.g., California with CCPA, or if by any chance they cater to EU citizens, GDPR, explicitly mention your rights under those laws to request data deletion.
• Opt-Out of Communications: Be prepared for follow-up communications emails, calls from Lendingfrc.com or their partner lenders. Use unsubscribe links in emails and politely but firmly request to be removed from call lists.
• Monitor Your Credit: As mentioned previously, if you’ve provided sensitive financial information, regularly check your credit report for any unauthorized activity. The “free” tools may have involved soft credit pulls, but if you proceeded further, hard inquiries might occur.

In summary, there is no “free trial” to cancel in the conventional sense with Lendingfrc.com.

The correct action is to cease any engagement immediately and actively manage your personal data and communication preferences to prevent further involvement in interest-based financial transactions. Olvystore.com Review

FAQ

What is Lendingfrc.com?

Lendingfrc.com is a website that facilitates connections between users and conventional mortgage lenders, offering tools for home purchase qualification, refinance rate checking, and pre-approval letters for interest-based home loans.

Is Lendingfrc.com an ethical financial platform?

No, Lendingfrc.com is not considered an ethical financial platform from an Islamic perspective, as its core business model revolves around facilitating interest-based mortgages, which are strictly forbidden Riba in Islam.

Does Lendingfrc.com charge for its services?

Lendingfrc.com states that its initial tools, such as the pre-approval letter and rate calculator, are “free.” However, it likely earns revenue through referral fees or commissions from conventional lenders when users proceed to obtain interest-based loans.

How does Lendingfrc.com work?

Lendingfrc.com collects user information through its online tools e.g., “Home Purchase Qualifier,” “Refinance Rate Checker” and then uses this data to connect users with various conventional mortgage lenders to help them secure interest-based home loans or refinance existing ones.

What are the main services offered by Lendingfrc.com?

The main services offered by Lendingfrc.com include pre-approval for home purchases, analysis of refinance options, comparison of current mortgage rates, and assistance in securing conventional home purchase or refinance loans. Compasstransportsolutions.com Review

Does Lendingfrc.com offer Sharia-compliant financing options?

No, based on its website content, Lendingfrc.com exclusively promotes and facilitates conventional, interest-based financing, with no mention or provision for Sharia-compliant halal alternatives.

Why is interest Riba forbidden in Islam?

Interest Riba is forbidden in Islam because it is seen as an unjust and exploitative practice that leads to wealth concentration, economic instability, and creates unearned income without real economic activity or shared risk.

What are the dangers of conventional mortgages?

Conventional mortgages, by their nature, involve interest payments, which can lead to significant financial burdens, debt traps, and ethical compromises from an Islamic perspective.

They can also contribute to broader economic instability.

How can I get a home loan without interest?

To get a home loan without interest, you would need to explore Sharia-compliant financing options such as Ijara leasing, Murabaha cost-plus financing, or Musharaka Mutanaqisah diminishing partnership offered by Islamic financial institutions. Disney-shuttle.com Review

Are there alternatives to Lendingfrc.com for home ownership?

Yes, ethical alternatives to Lendingfrc.com include Islamic financial institutions that offer Sharia-compliant home financing models like Ijara, Murabaha, and Musharaka Mutanaqisah, or saving to purchase a home outright with cash.

How do I stop receiving communications from Lendingfrc.com?

To stop receiving communications from Lendingfrc.com, you should unsubscribe from their emails, request to be removed from their call lists, and contact them directly to explicitly withdraw consent for data processing and request data deletion.

Is my personal data safe with Lendingfrc.com?

While Lendingfrc.com’s homepage does not prominently display links to detailed privacy policies or data security information, users should always exercise caution when providing sensitive financial data to any online platform.

It’s advisable to check for explicit privacy statements.

Does Lendingfrc.com use my credit score?

Yes, when you use tools like the “Pre-Approval Letter” or apply for loans, Lendingfrc.com and its affiliated lenders will likely access your credit report, which involves credit inquiries that can impact your credit score. Efilemagic.com Review

What is a “cash-out refinance” and why is it problematic?

A “cash-out refinance” allows homeowners to take out a new, larger conventional mortgage to convert home equity into cash.

It’s problematic from an Islamic standpoint because the new, larger loan, and the cash received, are based on interest.

What should I do if I already submitted an application on Lendingfrc.com?

If you have already submitted an application, immediately contact Lendingfrc.com to withdraw your application and revoke consent for further processing of your information.

Follow up with a written request for documentation.

Can I trust the testimonials on Lendingfrc.com?

While testimonials on any website provide social proof, those on Lendingfrc.com are brief and generic. Shadereviewstore.com Review

It’s always advisable to seek independent reviews and verify the legitimacy of any financial service provider.

What are the typical fees associated with conventional mortgages?

Typical fees associated with conventional mortgages include origination fees, underwriting fees, appraisal fees, credit report fees, title insurance, and various closing costs, which can range from 2% to 5% of the loan amount, in addition to interest.

How long does it take to get a loan funded through Lendingfrc.com?

Lendingfrc.com claims that home loans could be “fully funded 30 Days From Now,” indicating a focus on fast processing, though actual timelines can vary based on individual circumstances and lender processes.

Is Lendingfrc.com a direct lender?

The website mentions “Lending Force, LLC.” but primarily presents itself as a platform to “compare rates & pick the best” from various lenders.

This suggests it may act as a broker or lead generator rather than a direct lender itself.

Where can I find more information about Islamic home financing?

You can find more information about Islamic home financing from reputable Islamic financial institutions, scholarly articles on Islamic finance, or organizations dedicated to promoting Sharia-compliant economic practices, such as Guidance Residential, University Islamic Financial, or certain community credit unions.