About company
Clerkie is an app and financial planner that offers various loan options, such as personal, car, student loans, medical debts, credit cards, and repair credit. Clerkie also helps customers to pay bills, build their credit score, and boost it. Its mission is to democratize financial health and provide all individuals with an actionable path to financial security.
Clerkie partners with employers, financial institutions, and unions to provide borrowers with personalized, data-driven repayment options. The company uses conversational AI to build in-depth financial knowledge graphs that provide personalized answers and actionable plans for everyday Americans trying to achieve their financial goals.
The developer of Clerkie is Henry Labs. Inc. The company was started in 2017 and is headquartered in San Francisco, California.
Pros and cons
Clerkie has a great number of good reviews. However, its services may provoke some serious questions. So, the company needs to be profoundly analyzed so that customers can make wise decisions about the company.
Pros
Customers can pay and settle their loans with any currency. The company provides payment arrangements that help to adjust payments and find an appropriate solution if the clientele falls behind.
With Clerkie, every member gets access to a Financial Assistant that helps them with the application process and aims to resolve any customer's question about the loan options, terms, and rates.
The company's automated platform gives customers access to instant debt savings for their bank cards and loans for students.
Clerkie maintains the highest levels of security and compliance standards. The company cooperates with regulators across the nation to ensure its platform adapts to an ever-changing regulatory environment.
The company does not charge overdraft fees compared to other lenders.
Clerkie allows its users to schedule payments and gives them reminders when they exactly should pay so as not to skip the payments. It clearly specifies the paycheck and transaction date. Customers get notifications when their fraudulent charges or fees show up on the account.
Allows customers to crush their debt by negotiating and lowering it by up to 70%.
Cons
Clerkie does not provide a wide variety of loan options, having a rather limited number of financial options.
There are many reviews reporting that the company is a scam and is not legitimate.
Unlike other companies and lenders, Clerkie does not disclose any information on its services, including rates, fees, terms, and scores, on the official website.
Compared to its competitors, it does not provide email or phone for customers to get in touch with the company.
The company requires some inputs for calculating the debt-free date and customizing the debt payoff planner and schedule. They include loan balance, APR, and minimum payment.
Some reviews claim that the company's account balance doesn't update and that they post payments to the account very late.
Conclusion
Taking into consideration all pros and cons, Clerkie is an appropriate financial solution for customers who have trouble budgeting or just want to increase their savings and reduce monthly expenses. The company can also be a great fit for customers who are very sensitive to security, as, with Clerkie, they don't need to share their personal info across several apps. However, the company is a rather dubious option as it may not suit customers that want to get financial options in person, borrow high loan amounts or simply get access to a great variety of loan solutions.
Terms and conditions
The money is disbursed by the company toward the clients via the Clerkie's app. Generally, customers can get their money within a few days. The operational time of the lender is from one to six months.
