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If you’re struggling to keep up with your monthly payments, you may be considering debt consolidation. This is a great solution for many people, but it’s important to choose the right company to help you. So, what is DebtHunch? And is it the right solution for you? In this blog post, we will discuss DebtHunch and how it may or may not help you get out of debt!

It is a debt consolidation company that offers loans to help you pay off your debts. The loan is based on the value of your home, and you make monthly payments to DebtHunch. The benefit of this type of loan is that it can save you money on interest and late fees, and it can also help you get out of debt faster. However, there are some downsides as well.

First, it may not be available in all states. So if you live in a state where they don’t operate, you’ll need to look for another solution.

Second, it has a higher interest rate than some other companies. So if you’re already struggling to make your monthly payments, this could make things worse.

Finally, DebtHunch requires that you have a good credit score in order to qualify for their loans. So if your credit isn’t perfect, this may not be the right solution for you.

So, should you use DebtHunch to consolidate your debt? That’s a decision that only you can make. If you’re considering this option, be sure to do your research and talk to a financial advisor to see if it’s the right choice for you.

Debthunch Review

Who owns Debthunch?

  • DebtHunch is a debt consolidation company that has been in business since 2003.
  • The company is based out of Los Angeles, California.
  • DebtHunch has a negative rating with the Better Business Bureau.

If you’re considering using Debthunch to consolidate your debt, it’s important to know who owns the company. Unfortunately, there isn’t much information available about the ownership of Debthunch. What we do know is that the company is based out of Newport Beach, California, and has been in business since 2003.

Debt consolidation can be a great way to get out of debt, but it’s important to do your research and choose a reputable company. Otherwise, you could end up in a worse situation than you were before.

Debthunch Pros and Cons

While it does have some benefits, there are also some potentially negative consequences that you should be aware of before signing up.

One of the biggest advantages of DebtHunch is that it can help you save money on interest payments. If you have multiple debts with high-interest rates, consolidating them into one loan with a lower rate can make a big difference in your monthly payments. It can also help you simplify your finances by giving you one payment to make each month instead of several.

However, there are also some potential downsides that you should be aware of. One is that it could damage your credit score. If you consolidate your debts into one loan and then miss a payment, it will have a negative impact on your score.

Another potential downside is that you could end up paying more in interest over the long run if you extend the term of your loan. DebtHunch also charges origination and transaction fees, so it’s important to factor those into your decision as well.

Overall, this company can be a helpful tool for consolidating debt and saving money on interest payments. However, there are also some potential risks that you should be aware of before signing up.

How does Debthunch affect your credit?

If you’re considering using them to consolidate your debt, you may be wondering how it will affect your credit. Unfortunately, the answer is not as simple as we would like. DebtHunch can actually have a negative effect on your credit score.

When you consolidate your debt with this company, they will pay off your creditors and then you’ll make payments to them. This may sound good in theory, but it can actually lead to a lower credit score. That’s because when you consolidate your debt, you’re essentially taking out a new loan. And when you take out a new loan, it can lower your average age of accounts – which is one of the factors that make up your credit score.

Additionally, they may charge higher interest rates than some of your other creditors. This can also lead to a lower credit score because it means you’re carrying more debt than you were before.

Debthunch BBB Reviews

Debthunch does have an A+ rating with the BBB but something doesn’t feel right. Debthunch appears to collect their reviews very early in the process before bad news is delivered to the consumer from the lead buyer. If you read some of the negative reviews on Trustpilot, you will get a different picture.

Debthunch Trustpilot Review:

Bob Jun 17, 2020

Response was too little & too late

Timothy D Dec 3, 2020

It was unclear based on the flyer I received in the mail that debthunch was not a loan provider, but is a debt settlement company. It was also unclear that I was being matched to some other company by debthunch. Eventually, with a few questions, I was about to figure this out; but I feel it was the company trying to use a loan offer as a hook for debt settlement. I didn’t want to trash my credit…I just wanted a decent loan.

Judy Miller Dec 3, 2021

Every step of the way was well explained and my experience so far has been very easy

Is Debthunch a legitimate company?

DebtHunch is a company that provides debt consolidation services. They have been in business since 2014 and have helped thousands of people consolidate their debt. However, there are some negative reviews about DebtHunch out there. Some people say that they were not able to get the results they wanted, while others claim that the company is a scam.

So, what is the truth? Is Debthunch a legitimate company or a scam?

There is no easy answer. DebtHunch is a legitimate company, but there are some negative reviews about them. It is important to do your research before using any debt consolidation service and to make sure that you understand the terms and conditions of the agreement. DebtHunch may be a good option for some people, but it is not right for everyone. If you are considering using their services, make sure to read the reviews and do your own research to decide if they are right for you.

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