commonbond.co

commonbond.co

4.5
Based on 660 reviews
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BrendanParrish

Misleading

I signed up to find out if relief was possible. I thought when I signed up that I would find out how much I could save. But apparently my credit wasn't good enough to qualify, and I'm not gonna enlist someone else to cosign without knowing the benefit in advance.
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Carlos H.

Offer not an improvement on

Offer not an improvement on current federal loans
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James K.

Scam

Approve for loan and later ask for more and more documentation. Probably sell your data for more money.
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Caroline K.

I should not have been a candidate for CommonBond

Hi There, While I think your customer service, user experience, branding, etc. is great, I don't think I should have qualified to roll my loans over to CB. The forgiveness and income-based offerings of the federal government are really useful to someone like me with a huge debt load and not enough income to pay it back in shorter than a 20+ year horizon. It was too easy for me to qualify for CB, with you guys knowing what my income & expenses were, and very shortly after I had completed the rollover process to save the $14K advertised, I regretted my decision to say goodbye to the flexibility of the federal loans. I wish I had been required to speak with a customer service rep and for them to ask me whether I was sure I was prepared to say goodbye to that flexibility. I think that extra step would have given me the pause I should have taken before making this giant, irreversible decision. I look forward to seeing what sort of offerings you might come up with for those that choose to work in less lucrative fields (e.g. sustainability) but financed expensive degrees (MBA). Thanks, Caroline
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Andrew B.

Referral - Timeline

The person I referred has been waiting months for her application to be approved while mine took 1 week. The owner of the referred application calls and does not get any changes in the status. The only response is "we are working on it".
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