Point Break Financial has become a hot topic of discussion in the financial world, with many individuals questioning whether this investment firm is a scam. With so many scams and fraudulent activities happening in the financial industry, it’s important to know the truth about Point Break Financial. In this article, we will explore the company and its practices to help you determine whether investing with them is a wise decision or not.
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
Is Point Break Financial Legit?
Point Break Financial acts as a middleman between borrowers and lenders, but they don’t lend money themselves. They offer various services like consolidating debts, providing credit counseling, and settling debts. According to their records, they have helped in settling more than $300 million of debt since they were founded.
Point Break Financial exemplifies the problems within the debt relief industry. They employ appealing rates in their direct mail, sell leads for loans, and employ misleading methods to encourage individuals to opt for debt settlement. It is recommended that prior to entering into a financial arrangement with Point Break Financial, one should conduct thorough research on the purchasers of their debt consolidation loan leads.
Will Point Break Financial Hurt My Credit?
Any transactions with Point Break Financial will not have a direct impact on your credit score as they do not provide reports to the three major credit bureaus. However, failure to make timely payments on your loans with them could result in the involvement of collection agencies, which may negatively affect your credit score.
Ensure that you comprehend the conditions of your loan and are knowledgeable about the consequences of each decision before making a decision, as actions like debt settlement or terminating a lease agreement may have a negative impact on your credit rating.
Point Break Financial BBB Reviews
Point Break Financial is not accredited by the Better Business Bureau (BBB). To fully gauge Point Break Financial’s BBB rating, it is crucial to consider both other financial evaluations and positive and negative feedback. Users have reported that the service is easy to use and offers beneficial financial guidance. Nevertheless, certain customers have raised concerns about expensive fees or feeling misled by the staff. The majority of these dissatisfied customers cited tardy responses from customer service representatives and difficulties retrieving their funds.
How Much Does Point Break Financial Cost?
The fees for Point Break Financial services are not fixed and are based on the specific services needed by the customer. Typically, no upfront fee is charged by Point Break Financial, and the overall cost is determined by the client’s requirements. Although Point Break Financial promotes loans with anticipated APRs of 5.99%, it is uncertain whether the real lenders provide such a low APR or if it is just a strategy to attract clients.
Point Break Financial charges varying service fees, ranging from $500 to $2,000, based on the scale of the debt being resolved. It’s important to mention that these fees need to be paid in advance of the commencement of work on the borrower’s debt.
Point Break Financial Debt Relief Programs
Point Break Financial is not a lender. Their partner companies are not disclosed, but they offer loans to help individuals manage their existing debts and lessen their monthly payments. These loans generally do not require any type of collateral to be approved. In addition, the company offers debt settlement programs, which involve negotiating with creditors to reduce the amount that needs to be paid back.
Point Break Financial does not provide lending services but offers debt consolidation services through undisclosed partner companies. These services include loans that can assist individuals in managing their current debts and reducing their monthly payments without the need for collateral. The company also provides debt settlement programs that involve negotiating with creditors to lessen the amount that needs to be repaid.
Compare Point Break Financial To Other Personal Loan Options
Point Break Financial does not offer clear and transparent information about its loan terms, in contrast to other personal loan options. Their loan amounts may be lower than other lenders, and they may charge higher interest rates than broker loans. Additionally, their customer service has been criticized for being insufficient.
What Is Point Break Financial’s Minimum Loan Amount?
Third-party lenders are responsible for financing all loan requests. Point Break Financial does not have any authority over the participating lender’s conditions for a minimum loan amount, eligibility criteria for creditworthiness, APRs, and other interest rates, or the terms of repayment for the loan you receive.
Does Point Break Financial Affect Your Credit Score?
The activities of Point Break Financial don’t have a direct impact on your credit score. Nevertheless, the type of loan you borrow may result in an indirect effect on your credit score. This means that if you fail to repay the loan on time, your actions might be reported to a credit bureau, causing your credit score to be negatively affected. Conversely, if you make prompt payments on your loans from Point Break Financial, this could boost your credit score.
Who Owns Point Break Financial?
Point Break Financial is a trading name used by Point Break Holdings, LLC. It can be found at 1968 S Coast Highway #1028 in Laguna Beach, CA 92651. Kuber Financial, LLC also operates under the name Mobilend and is associated with Point Break Financial.
How To Qualify For Point Break Financial Debt Consolidation?
To qualify for Point Break Financial’s debt consolidation program, you must meet certain requirements. Firstly, you must have at least $10,000 in unsecured debt. This includes credit card debt, personal loans, and medical bills. Additionally, you must have a steady source of income and be able to make monthly payments towards the consolidation loan. You also need to have a good credit score to be eligible for a competitive interest rate. Finally, you must be willing to work with Point Break Financial to create a customized debt repayment plan and commit to sticking to it. By meeting these requirements, you can take advantage of the benefits of debt consolidation, such as lower interest rates and simplified monthly payments, to help you get out of debt faster.
FAQs
What Is Point Break?
Point Break Financial is a company that provides financial services and investment opportunities to its clients.
Is Point Break Financial a legitimate company?
Yes, Point Break Financial is a legitimate company that is registered with the Securities and Exchange Commission (SEC).
Does Point Break Financial offer investment opportunities?
Yes, Point Break Financial offers investment opportunities to its clients.
Are the investment opportunities offered by Point Break Financial safe?
Point Break Financial provides investment opportunities that are regulated and monitored by the SEC, which ensures that they are safe.
Can I trust Point Break Financial with my money?
Yes, you can trust Point Break Financial with your money as they are a legitimate company that follows regulatory guidelines.
Is Point Break Financial a scam?
There is no evidence to suggest that Point Break Financial is a scam.
How can I verify that Point Break Financial is legitimate?
You can verify that Point Break Financial is legitimate by checking its registration status with the SEC and researching its reputation online.
Glossary
1. Point Break Financial: A financial company that provides investment opportunities.
2. Scam: An illegal, dishonest, or fraudulent scheme or operation.
3. Fraud: The intentional use of deception to gain something of value.
4. Ponzi Scheme: A fraudulent investment scheme where returns are paid to earlier investors using the capital of newer investors.
5. High-Yield Investment Program (HYIP): An investment program that offers high returns with little or no risk, often associated with scams.
6. Due Diligence: The process of investigating and evaluating a potential investment opportunity before investing.
7. Securities and Exchange Commission (SEC): A regulatory agency that oversees financial markets and investment companies in the United States.
8. Investment: The act of putting money into something with the expectation of gaining profit.
9. Return on Investment (ROI): The amount of profit gained from an investment, expressed as a percentage of the initial investment.
10. Investment Fraud: A type of fraud that involves the use of false information to mislead investors and gain their money.
11. Red Flags: Warning signs or indicators of potential fraud or scam.
12. Regulation: The process of creating and enforcing rules and laws to govern a particular industry or activity.
13. Investor: A person or entity that puts money into an investment with the expectation of gaining profit.
14. Securities Fraud: A type of fraud that involves the use of false information to manipulate securities prices and gain profit.
15. Affinity Fraud: A type of investment fraud that targets members of a particular group, such as a religious or ethnic community.
16. Boiler Room: A high-pressure sales operation that uses aggressive tactics to sell fraudulent investments.
17. Pyramid Scheme: A fraudulent business model in which new members are recruited to make payments to earlier members, with the promise of earning profit by recruiting even more members.
18. Hedge Fund: A private investment fund that uses a range of strategies to generate high returns for its investors.
19. SEC Registration: The process of registering a company with the SEC in order to comply with federal securities laws.
20. Investment Advisor: A professional who provides advice and guidance on investment opportunities.
21. Debt Consolidation Loans: Debt consolidation loans are loans that combine multiple debts into one, typically with a lower interest rate, to simplify repayment and potentially save money on interest payments.
22. Debt Consolidation Companies: Debt consolidation companies are businesses that combine multiple debts into a single loan or payment plan to simplify and lower monthly payments for individuals struggling with debt.
23. Debt Consolidation Industry: The debt consolidation industry refers to businesses and organizations that help individuals combine multiple debts into a single payment plan or loan, often with the goal of reducing interest rates and making payments more manageable.
