Charges from Spotloan
Written by Jemina Owen-Jones
June 18th, 2024
Spotloan is a company that has been in business since 2012. It offers short-term installment loans to consumers. The primary product provided by Spotloan is an online, small-dollar loan which is structured to be paid back over time through a series of scheduled payments. These loans are generally aimed at customers who may not have access to traditional credit services.
Other ways this charge from Spotloan can appear
Spotloan transactions on your credit card statement can appear in various ways, depending on the specific transaction and how it was processed. Here are some common descriptors you might see for Spotloan charges:
It's important to note that the exact descriptor on your credit card statement may vary, and these are just some common examples. If you ever have a question about a specific charge, you can usually find more details in your Spotloan account's order history or contact Spotloan customer support for assistance. Additionally, always keep an eye on your credit card statements to ensure that all charges are legitimate.
Verify if this transaction is fraud in 30 seconds
Verify With Receipt
The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.
STEP 1
Connect your Email
Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.
STEP 2
Connect Your Bank
Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.
STEP 3
Reconcile
Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.
