Need a personal loan? There are many options available both online and through banks and credit unions. A personal loan could help you consolidate your debts or finance large expenses.
If you’re struggling with debt, you may be in the market for a personal loan and have come across Beneficial Funding. They work with a network of independent lenders who can offer different types of loans depending on your needs. At beneficialfunding.com, you can learn more about their services and find the right loan for you.
Beneficial Funding Summary
Beneficial Funding Review
Beneficial Funding Review Summary
After conducting extensive research, we have come to the conclusion that beneficialfunding.com is a legitimate company. Although they are not accredited by the Better Business Bureau, they have a verified account on Trustpilot which lends them some credibility.
We did some research on their website and found some interesting facts hidden in the fine print. Here are some of the things we discovered.
- The company does not lend money or engage in any lending activities.
- After you submit your loan application, one or more of the lenders that contact you may choose not to approve credit to you.
- Annual Percentage Rates (APR) range from 2.92% to 24.99%
- The products and services are not available to residents of all states.
- To receive the offer, you must use your Offer Code.
- They provide free consultations to potential customers.
- It does not provide services to residents of South Dakota.
Approval for a loan may take longer than anticipated depending on the number of documents requested. All terms and conditions will be in accordance with state law and your own creditworthiness.
What is Beneficial Funding?
Beneficial Funding can assist you in connecting with a network of independent lenders who provide personal loans and debt consolidation services. They are based in Sioux Falls, South Dakota, and you can reach them at (888) 564-5590 for more detailed information.
This company does not a file or accreditation with the Better Business Bureau (BBB). However, their Trustpilot account is verified and has an average of 4.4 out of 5 stars rating. This is a positive indication of the company’s trustworthiness.
How does Beneficial Funding Work?
There are a number of lenders in Beneficial Funding’s network who may be able to provide you with the credit you need. However, any of the lenders can decline your application based on their own criteria.
The amount of money you can borrow, the terms of your loan, and the interest rate you pay may all vary depending on your creditworthiness and state law. In general, loan amounts will differ from state to state.
In order to take advantage of their mail offer, you must provide the individual Offer Code in the letter.
How much does Beneficial Funding charge?
Beneficial Funding’s website does not provide clear and concise information on its fees.
Beneficial Funding Reviews
Beneficial Funding does not currently have a file with the Better Business Bureau (BBB). However, we found some customer reviews on Trustpilot. They have a verified account there, and their rating is 4.4.
Beneficial Funding FAQs
How to qualify for Beneficial Funding services
It’s important to be aware of a few things prior to applying for funding from Beneficial Funding. Your application may go through an approval process that includes verifying your credit history, assessing your credit score, confirming your identity, and verifying employment and income. Therefore, it’s crucial that all the information in your application is accurate and up-to-date. This will give you the best chance possible of getting the funding you need.
Are there any prepayment penalties?
Prepayment penalties will not be applied. You are free to pay off your loan earlier without any additional fees. You may save money in interest but will need a lump sum of money to do so.
Does Beneficial Funding affect your credit score?
There are a few things to consider before taking out a loan, one of which is how it will affect your credit score. It’s important to know that simply getting a free consultation from a lender won’t have any impact on your score.
Once you receive the loan offers from Beneficial Funding’s lending partners you will have some time to review the options and make a decision. If you choose to go forward with the loan, your lender will do a credit check, which could lower your credit score.
Is Beneficial Funding legit?
After conducting extensive research, we have come to the conclusion that beneficialfunding.com is a legitimate company. Although they are not accredited by the Better Business Bureau, they have a verified account on Trustpilot which lends them credibility.