Pilot Finance Inc
Client Reviews on Pilot Finance Inc
Feedback:
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.
Feedback:
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.
Feedback:
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.
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