Is Credova Legit?

Credova is a Buy Now Pay Later provided. Is Credova a legit service or a scam though? Let’s explore Credova below.

Credova Buy Now Pay Later

Credova is a Buy Now Pay Later (BNPL) provider that allows customers to finance purchases at participating retailers whether this is online or in-store. Credova has received notoriety in the BNPL and gun rights, and gun control groups, for being willing to offer financing on firearm purchases. Currently no other BNPL offers financing for guns and firearms. At least that we here at DimeScout are aware of.

Credova is technically a legitimate financial service that operates within current regulations. However BNPL regulations are currently fairly lax and there have been numerous complaints about Credova. This includes from the Better Business Bureau, Gun Forums, Reddit, TrustPliot and social media.

TrustPilot Reviews

Let’s look at just some of what people are saying about Credova on TrustPilot, a popular platform for reviewing companies and services.

Not sure I’d use them again, damn near an 800 credit score and they want to charge me almost double what I’m paying for the item I purchased… good thing for the 30 day buyout… So yea if you want to purchase something and pay double the asking price by using their services I’d opt out…. And getting them to answer a phone is almost impossible and call backs have taken a day both times joke… Afterpay is the way to go no interest no fees and it gets paid off in 4 easy payments.

There are about 134 1-star reviews on TrustPilot currently like the one above. You can read the reviews here.

Based on the reviews on Trustpilot, most of the complaints from customers who have used Credova BNPL services are for guns. Credova is used on a lot of major gun and firearm retailers.

Some of the most common complaints from what I have seen include:

  1. High interest rates: Many Credova customers have reported that they were not aware of the high interest rates associated with their loans until after they had already signed up for financing through Credova. The sign-up process seems to be somewhat confusing on purpose. The high interest rates can be double or more than what the Credova customers originally expected to pay in the first place.
  2. Unexpected fees: Some customers have reported Creodva will tack on unexpected fees to the BNPL loans they provide. From what I can see this includes processing fees or late fees. These fees were not disclosed to them upfront.
  3. Inadequate customer service: Many on TrustPilot have reported difficulties in dealing with Credova’s customer service team to resolve issues. Most of the time it seems they are nice but unwilling to fix any actual problems with using Credova.

It is important to note, however, that not all the Credova reviews are negative on TrustPilot.

Is Credova Legit? Or Just a Scam?

Credova is technically a legit company but does seem to have a some unscrupulous business practices from what we can see.

Most of the reviews we have seen on here and complaints on various gun forums and Reddit, seems to have the same result. Credova does seem to be a rather difficult BNPL provider to work with.

As with any financial service, it is important to read and understand the terms and conditions of any loan or financing agreement before you sign-up or agree to it. BNPL services are popular now but can come with pitfalls just like using credit cards.


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