
Is MyInstantOffer a Scam? I don’t believe that it is. Those who don’t get their loans approved tend to make the strongest claims about a myinstantoffer scam. The company was investigated by the SEC in 2016. The CEO was let go and fined with no admission of wrongdoing. The company has since recovered and become a reputable provider of online loans. MyInstantOffer is a “ lending club “ , also known as a peer to peer lending platform. Peer to peer loans match borrowers with investors willing to finance the loans. The arrangement allows the loan applicants to get higher loan amounts with lower interest rates. Also, the investors benefit by receiving a higher rate of return with reasonable risk.