As an active user of peer-to-peer lending websites, I’m always on the lookout for new products. A recent search on Google brought me to AmOne.com. Their Google listing led me to believe I was visiting an active peer lending company.
A first indication that something was amiss was the company’s logo. It is a green version of Prosper.com; a leader in peer-to-peer lending. I’m surprised a company can get a way with using a logo of such similarity while offering similar products.
AmOne logo & tab to the left vs Prosper logo & tab to the right
There are several so-called “services” AmOne provides. Most of these lead their customers to other companies. AmOne is mainly a referral website.
They do not service any loans and do not operate a peer-to-peer lending website. They do not match lenders with investors. They simply refer you to other companies.
- When I applied for a peer-to-peer loan, I was given two links. One link led to LendingClub.com, and the other led to Springleaffinancial.com.
- When applying for debt management, I was referred to consolidatedcredit.org.
- When I applied for credit monitoring, I was referred to LifeLock.com.
Do I believe referral websites are a bad thing? Absolutely not! In fact, I consider this blog a referral website. Through this site, I give consumers reviews, ideas, and information on other companies. A main difference and a major concern I have with AmOne.com is their request for consumer information.
AmOne gives the appearance of a company who services and operates the products they advertise. When applying for one of these services, they require users to fill out an application. This application asks for personal information such as name, email, phone number, salary, credit score, and indebtedness. I believe this is completely unnecessary and inappropriate when AmOne simply refers consumers to other companies.
If you are searching for a good peer-to-peer lending website, I would stick with LendingClub.com or Prosper.com. You can read my recent review of LendingClub.com here (Don’t worry, I don’t ask for your salary!).
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