Especially when it comes to debt relief companies, navigating the world of financial services is often like walking through a minefield. On your financial journey, Alliance One Funding might come up. However, how do you know if this company is a legitimate debt relief company or a scam? Our review provides insight into Alliance One Funding’s operations, reputation, and credibility to help you make an informed decision.
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
Alliance One Funding: Overview
As a financial service provider, Alliance One Funding claims to offer businesses and individuals debt relief solutions. They offer a wide range of services, including credit card debt consolidation programs, personal loans for debt consolidation, financial consultation services, and a smooth enrollment process that leads to a finalized payment plan.
In their mission statement, finance managers emphasize their goal of helping clients reduce their debt, improve their credit, and become financially independent. A team of professional debt experts at Alliance One Funding assesses their clients’ financial situation and develops a customized plan to address their specific needs.
How Do They Work?
A company named Alliance One Funding provides financial solutions to individuals with high-interest unsecured debt, according to its website. A professional evaluates the client’s financial situation and discusses suitable options during a free consultation. These solutions usually involve debt consolidation or debt settlement programs.
If the client decides to proceed with the recommended debt relief program, Alliance One Funding negotiates with creditors on their behalf, aiming to reduce the total amount owed or to consolidate multiple debts into a single, more manageable monthly payment. These programs can help clients ease financial strain, but they can also damage their credit scores.
BBB Rating
Alliance One Funding does not have a BBB file. That is not a good sign.
Trustpilot Reviews
There are twelve reviews of Alliance One Funding on Trustpilot, with an average rating of 3.5 stars. Some reviews express skepticism about the authenticity of the positive reviews, noting similar writing styles and the lack of previous reviews from the accounts.
There were issues with communication, discrepancies in the credit reports, and a negative impact on the credit score for one reviewer. In addition to providing loans and debt relief services, Alliance One Funding has received several positive reviews that emphasize its professionalism, cooperation, and helpfulness. Here are two of its most recent reviews:
FAQs
How long does Alliance One Funding take to approve?
Creditworthiness and state laws will dictate loan terms and conditions. Loan approval may take longer if additional documents are required.
How much does Alliance One Funding charge?
There is no mention of fees anywhere on Alliance One Funding’s site. It may be possible that they make money through referral fees.
How does Alliance One Funding affect your credit?
Getting a consultation from a lender will not have any effect on your credit score. While credit scores can be a major source of stress for many people seeking loans, they’re not the only factor that impacts them. In order for your score to be lowered, you will need to actually apply for the loan and have the lender check your credit history.
How to cancel Alliance One Funding services?
Once you have accepted the loan terms and conditions, you will not be able to cancel or reverse the loan. Be aware that once funds have been deposited, you cannot cancel or reverse the loan.
