excellent era lending service corp is legit or not? Reviews



In the world of online lending, Excellent Era Lending Service Corp (EELSC) stands out as a platform offering unsecured loans to Filipino citizens. Established in 2020 and registered with the Securities and Exchange Commission (SEC) under Certificate of Authority No. 3056, EELSC has garnered attention for both positive and negative reasons. Some users claim it to be a legitimate lending service, while others raise concerns about its legitimacy.

In this blog post, we delve into the controversy surrounding EELSC and evaluate whether the company is indeed a legitimate lending platform. We’ll explore the evidence on both sides of the argument and offer tips for borrowers who are considering using EELSC’s services.

Is EELSC a Legitimate Lending Platform?

The question of EELSC’s legitimacy has been a subject of debate, and the answer may not be as clear-cut as some would hope. Here are some key points to consider when assessing the legitimacy of EELSC:

Evidence for Legitimacy

One compelling piece of evidence supporting EELSC’s legitimacy is its registration with the SEC. Being a registered company indicates that EELSC has met certain legal requirements and is operating within the guidelines set by the regulatory body.

Additionally, the presence of a privacy policy and terms of service on EELSC’s website is an encouraging sign. These documents are essential components of a legitimate business and demonstrate the company’s commitment to transparency and user protection.

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Evidence against Legitimacy

On the other hand, some complaints have emerged regarding EELSC’s lending practices. Users have voiced concerns about high interest rates and hidden fees, which they claim were not adequately disclosed before they applied for a loan. Such practices can be indicative of unscrupulous lending behavior.

Moreover, allegations of predatory lending practices have been leveled against EELSC. Predatory lending involves exploiting borrowers with deceptive or unfair loan terms, trapping them in cycles of debt. These accusations raise significant red flags and warrant careful consideration.

Tips for Borrowers Considering EELSC

For borrowers who are contemplating using EELSC’s lending services, it’s crucial to approach the decision with caution and awareness. Here are some tips to consider:

1. Do Your Research

Before applying for a loan from EELSC, conduct thorough research about the company. Read their privacy policy, terms of service, and any reviews or feedback from previous borrowers. Understanding the lending practices and experiences of others will help you make an informed decision.

2. Be Aware of the Risks

Like any lending platform, EELSC comes with inherent risks. Pay attention to interest rates, fees, and repayment terms. If anything seems unclear or misleading, it’s best to seek clarification before proceeding with your application.

3. Consider Alternatives

While EELSC may be one option for obtaining a loan, don’t overlook other reputable lending alternatives. Explore offerings from traditional banks, credit unions, and other online lenders. Compare terms and conditions, interest rates, and customer reviews to find the best fit for your needs.


The question of whether Excellent Era Lending Service Corp is a legitimate lending platform does not have a definitive answer. The evidence for and against its legitimacy presents a challenging dilemma for potential borrowers.

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When considering using EELSC’s services, it is essential to be vigilant, conduct research, and carefully evaluate the risks involved. Familiarize yourself with the company’s practices and read reviews from previous customers to gain a better understanding of their experiences.

Ultimately, the decision to use EELSC’s lending services lies with each individual borrower. It is crucial to weigh the pros and cons and consider alternative lending options to make an informed choice that aligns with your financial goals and needs. Remember, a well-informed decision is the best way to safeguard yourself against potential risks in the world of online lending.


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