Here is a comparison of Pacific Debt Relief vs Tripoint Lending that should assist you in determining which lender is the best for you, regardless of whether you need a personal loan or assistance in resolving debt.
Pacific Debt Relief Review: There Is A Reason They Are Ranked #1
As an unsecured debt reduction company, Pacific Debt Relief has assisted thousands of people in getting out of debt since 2002. With an A+ rating from the Better Business Bureau, Pacific Debt Relief has assisted thousands of people in getting out of debt. Is Pacific Debt Relief a trustworthy company? Do you know if this company is legitimate? We will examine Pacific Debt Relief’s services, fees, and history to determine if you should work with them.
In addition to credit cards, medical bills, personal loans, and student loans, the company also offers debt consolidation services for unsecured debts. After enrolling in the company’s debt consolidation program, a team of debt counselors will assist you in developing a plan that fits your budget by negotiating lower interest rates and monthly payments with your creditors. If you are having difficulty making payments, they will work with you to find a solution.
Since Pacific Debt was established more than 20 years ago, they have helped thousands of people to settle their debt problems. It is Pacific Debt’s mission to help clients to settle their unsecured debts.
Pacific Debt Relief also charges fees. There is an initial setup fee of $49 and a monthly fee of $39, both of which include debt counseling services and customer service. In addition, there are no upfront fees or hidden charges associated with this service.
Do Pacific Debt Relief’s services constitute a scam? The Pacific Debt Relief program is an excellent option for debt relief, as they are a legitimate debt consolidation company with many years of experience helping people reduce unsecured debts. I am not aware of any scams associated with this company.
- Your account can be monitored online at any time.
- After fees, there is the possibility of saving up to 35%
- There are no upfront costs associated with the consultation
- Staff who force you to make a decision too quickly
- After fees, consumers save less than 15%
- You must live in a state where Pacific Debt operates to use its relief program.
What Is Pacific Debt Relief?
The goal of debt relief is to reduce or eliminate debt. The firm has settled more than $10 billion in outstanding debt since 2002, using a variety of methods, including negotiation, settlement, and bankruptcy. In the past few years, their debt relief services have assisted thousands of individuals with resolving credit card and medical debts.
This debt settlement company is an excellent option for consumers who are having difficulty making minimum payments and are concerned about reducing their debt payments.
There are several reasons why a person may require debt relief. You may have lost your job and are unable to make payments or you may be unable to work due to a medical emergency.
Their goal is to find a solution that meets your needs and budget. With an 85% success rate, you can rest assured they will do their best to assist you.
How Does Pacific Debt Relief Work?
With Pacific Debt Relief, you can consolidate your credit card debts into one manageable monthly payment. In addition to offering financial education to help people avoid debt and manage their money more effectively, they negotiate lower interest rates and monthly payments with creditors on behalf of their customers.
By consolidating your credit card debt and unsecured loans into one low monthly payment, you can save time and money. Pacific Debt Relief has helped thousands of people get out of debt.
Pacific Debt Summary
- A member of the American Fair Credit Council, the Better Business Bureau, Consumer Affairs, and the International Association of Professional Debt Arbitrators
- Free phone or online consultations are available.
- State fees vary from 15% to 25% of the total debt enrolled.
- You can reach them by phone or email.
- The minimum debt accepted is typically $10,000, excluding consumer finance loans, payday loans, and legal judgments.
- Debt management resources are available, including a blog.
- Pacific Debt only serves 25 states
- Debt settlement is offered directly
- Trustpilot has a 9.3 rating, and the BBB has an A+.
- Usually takes 24 to 48 months
What Kind Of Loans Does Pacific Debt Relief Offer?
Pacificdebt.com offers debt consolidation loans and home equity investing, so they can tailor a debt relief plan that fits your needs.
By working with a network of creditors, Pacific Debt Relief negotiates lower interest rates and monthly payments on your behalf, so you can pay off your debt faster.
Taking out a home equity loan instead of a credit card or personal loan can save you money on interest payments. If you have equity in your house, you might qualify for a home equity loan.
Regardless of your financial situation, Pacific Debt Relief can help.
How To Qualify For Pacific Debt Relief
Pacific Debt Relief is a debt relief company that can help you manage your debt. What are the requirements for a loan like this?
A debt consolidation loan with Pacific Debt Relief requires a minimum of $10,000 in debt and a maximum of $100,000 in debt, plus a good credit score and a steady income.
The Pacific Debt Relief process is straightforward and can help you get out of debt quicker than other debt relief companies.
How To Sign Up With Pacific Debt
Debt settlement programs start with a phone consultation with a debt specialist, who’ll ask about your finances and figure out if the program’s right for you.
You can arrange a free consultation with Pacific Debt by following these steps:
- Go to Pacific Debt Inc.’s website
- Click Free Consultation to talk to a debt specialist
- When you’ve selected your debt amount, click See Savings to see how much you’ll save
- You will need to choose the amount that you are behind on your payments
- You can choose the state where you live
- Click the “Submit” button when you have entered all the necessary contact information
How Much Does Pacific Debt Relief Charge?
If you have $10,000 in debt, you should expect to pay $1,500 to $2,000 depending on the type of repayment plan you are considering. Typically, their fees are 15-25% of the enrolled debt.
Depending on your debt consolidation loan terms, Pacific Debt will determine your monthly payment. Pacific Debt offers free debt settlement services without any hidden fees.
What Could You Save With Pacific Debt Relief?
It might be a good idea to investigate Pacific Debt Relief if you would like to reduce your debt. A savings of 50% could save you a great deal of money. It is important to keep in mind that this is before any fees are applied.
Pacific Debt Relief can provide an average savings of 15% to 35% after fees are taken into account. Therefore, Pacific Debt Relief may not be the best option for you if you wish to save the maximum amount of money. However, if you are willing to sacrifice some savings for the convenience of working with a trusted company, Pacific Debt Relief may be a viable option.
What Is The Minimum Credit Score For A Pacific Debt Relief Loan?
660 is the minimum credit score required to qualify for Pacific Debt Relief loans. However, it is possible that they will work with you if your credit score is lower than this. In addition to offering low-interest loans, they also offer flexible repayment terms. You may experience higher interest rates if your credit is below expectations.
How Long Does It Take For The Pacific Debt Relief Program To Begin Resolving Your Debt?
Once enrolled in Pacific Debt Relief’s program, they will negotiate a debt consolidation loan with your creditors and help you get out of debt as soon as possible.
It usually takes them 12 to 36 months to settle their clients’ debts. They will assist you in developing a budget and payment plan that meets your financial requirements. Should you be having difficulty making payments on your credit card debt, they may be able to negotiate with your creditor on your behalf a lower interest rate or monthly payment amount.
How Does Pacific Debt Relief Affect Your Credit?
The fact that debt relief can negatively impact your credit score is no secret. However, you may not be aware of the extent to which Pacific Debt Relief may affect your score.
When you enroll in a debt relief program, Pacific Debt Relief will negotiate with your creditors on your behalf to lower your monthly payments and/or interest rates. This process is referred to as debt settlement.
As long as your creditors accept their debt settlement offers, they will receive monthly payments from you instead of receiving them directly. Your payments will be held until the debt can be repaid.
After paying off your debt, the credit bureaus will report it as “settled.” Your credit score will be affected. It is important to remember that debt settlement is still better for your credit score than bankruptcy.
How To Use Pacific Debt Relief’s Website
For those seeking debt relief, Pacific Debt Relief’s website has a wealth of information. Below are some tips on how to make the most of it.
Begin by clicking on the “Calculate Your Savings” tool. You will be able to determine how much you could save.
Next, take a look at the “Success Stories” section. There are real-life examples of how Pacific Debt Relief has assisted clients.
Lastly, please review the “Frequently Asked Questions” section to learn more about the debt settlement industry and how Pacific Debt Relief may be of assistance to you.
If you follow these steps, you will be on your way to debt relief in no time.
Pacific Debt Relief BBB Reviews
If you are considering using Pacific Debt Relief to assist you with your debt, you may want to check out their BBB rating and their complaints history.
Pacific Debt Relief has been an accredited debt relief company with the Better Business Bureau since 2010. They maintain an A+ rating and have had three complaints closed in the last three years with only one complaint closed in the past 12 months. Based on this record, it appears that they are generally responsive to the complaints they receive.
The BBB rating of Pacific Debt Relief can help you get your finances back on track. To gain a better understanding of the company, you should review its complaints history.
The following are some BBB reviews for Pacific Debt Relief:
Brian D 07/22/2022
****** was super friendly and eager to help. He didn’t hesitate to explain how things worked and put me at ease. He wasn’t a fast talker like someone trying to make a sale. ****** made sure I fully understood the program and what the result would be.
Is Pacific Debt Relief Legit?
A common question that many people ask themselves is whether or not this company is legitimate and if it settles millions of dollars in consumer debt each month.
It is without a doubt that Pacific Debt Relief is a legitimate company with over 20 years of experience. The company has an A+ rating with the Better Business Bureau.
However, the company only offers service in half of the states nationwide, which is a severe drawback. The rest of the deal might not be as competitive as you would like. You might be able to find an organization that offers a lower interest rate or fee.
Pacific Debt Relief is a great choice if you are seeking a company that can help you resolve your debt. In conclusion, if you are seeking a legitimate company to assist you in resolving your debt, Pacific Debt Relief is an excellent choice; it is highly recommended.
TriPoint Lending Review: Is It A Scam Or Legit? Read Our Review First
Alleviate Financial, LLC, dba TriPoint Lending is licensed as a California finance lender. On its site, tripointlending.com, the company advertises personal loans.
Tripoint Lending Summary
The popularity of Tripoint Lending has been on the rise over recent months, but what do they actually do?
A review of their website and reading through the fine print revealed some interesting information.
- TriPoint Lending offers an annual percentage rate (APR) ranging from 5.49% (AA) to 30.00% (AA).
- You can obtain a loan for as little as $10,000.00 or as much as $100,000.00.
- It is important to note that credit eligibility is not guaranteed, and other requirements must also be met.
- Occasionally, TriPoint Lending or its third-party affiliates may contact you via e-mail, telephone, SMS, or other means, both physical and electronic.
What Is TriPoint Lending?
Through marketing lead generation and loan services, TriPoint Lending provides relief to its clients. Since its inception, TriPoint Lending has helped thousands of people ease their financial burdens and get back on track. Located in Irvine, CA, TriPoint Lending is committed to providing excellent customer service and support. You can call them at (800) 307-1789 for further information or to contact them.
It has been accredited by the Better Business Bureau since 2018 and has an average of 221 customer reviews. Nine complaints have been resolved in the past three years.
How Does TriPoint Lending Work?
With TriPoint Lending, you won’t have to worry about your monthly payments. To get started, just pick the loan that fits your needs. The funds will be in your hands in minutes. There’s no guarantee that you’ll be eligible, and you have to meet certain credit and other rules.
How Much Does TriPoint Lending Cost?
There are a variety of rates available to first-time borrowers with TriPoint Lending, ranging from 5.49% APR to 30.00% APR.
Customers who come to the company through paid advertisements on Google or Bing can receive rates as low as 35.99% APR, and payment terms can range from 61 days to 180 months. Your final rate will be determined by your credit score, the amount you borrow, the repayment term, and your credit history, along with your credit score, the amount you borrow, and your credit history.
Tripoint Lending Reviews
With an A+ rating from the Better Business Bureau, Tripoint Lending is an accredited company. Since 7/10/2018, Tripoint Lending has been accredited and has received an average of 221 customer reviews.
The following are some TriPoint Lending BBB reviews:
Gimli3384 X 09/29/2022
From what I am seeing, this is a big a** scam. All the 5-star reviews look like robot responses. The mailer I got in the mail even says personal loan. If it were real, then I would have gone for it, but now there is no way I’m taking a risk like this with my credit.
Joseph W 09/29/2022
All 5 Star ratings must be from people that work for or know someone that works for Tri-point. I get letters in the mail almost monthly, with my pre-qualified amount getting larger every month. When I called in to speak to someone, I made it a point to tell them it was a loan that I would use to pay off other debt and use some for home improvements.
Like others have said, they try and get you to agree to a debt consolidation loan which is not what they advertise in the letter they send out. when talking to “***,” he stated, “it only looks like a consolidation loan, but it was not.” I asked to speak to a supervisor, and the supervisor said the same when I told them I was not interested. The supervisor used a few choice words and said to me that if I didn’t know what I wanted, I would quit wasting their time.
I wouldn’t recommend this company to anyone. Use the resources you have to find a better company to work with. I hope they get fined or sewed for false advertisement and try to take advantage of people in the hard times and act like they are better than the people they claim to help. Please do yourself a favor and find another company. there are plenty out there.
Aaron C 09/29/2022
********* is an awesome guy who handled everything precisely as you should, explained everything you needed to know, and made the process painless! Thank you ********
Christopher B 09/22/2022
I had a fantastic experience with TriPoint Lending. In particular, the Client Advocate, ******************, was outstanding and is honestly deserving of huge corporate advancement. ******* was well within all professional courtesies for all our scheduled appointments, was extremely knowledgeable and understanding, and explained and answered all my questions in detail.
It was apparent she had my best interest at heart! In the end, though, I decided to forgo the assistance that included a fully approved loan that ******* worked to put together and get approved. Still, ******* was right there to say she fully understood my decision (after all her hard work and time consumed) and wanted me to reach out to her if I needed any credit/debt assistance in the future. I will go nowhere else if I pursue service in the future. Thank you, TriPoint, for putting such a great advocate on your staff, and thank you, *******, for all your help. It made a huge and lasting impression on me!!
How To Qualify For Tripoint Lending
In order to qualify for their offer, you must meet certain credit and other criteria, such as:
- Maintaining the offer criteria;
- Meeting their established criteria for credit records and histories;
- A debt-to-income ratio below 50%;
- A minimum of one year of employment.
No guarantee of eligibility.
How Does TriPoint Lending Affect Your Credit?
One thing you should know if you’re looking for a personal loan is that lenders will usually run a hard inquiry into your credit history. This could lower your credit score by around five points.
Are There Any Pre-Payment Penalties?
The amount of interest you pay is determined by the outstanding balance of your loan, so making early payments will reduce the amount of interest you owe as well. If you pay your loan off early, there will be no additional fees or penalties imposed. Any fees already paid, such as origination or processing fees, cannot be refunded.
Does Pre-Approved Mean That You Are Guaranteed Approval?
When you respond to TriPoint Lending’s offer, and it has been determined that you do not meet the creditworthiness criteria, your loan application may be denied. This can occur if your credit score has decreased recently. Additionally, your income information will not be available until you apply for a loan, so your application could be rejected if you do not make enough money to cover your loan payments.
How To Cancel Tripoint Lending
It is possible for you to cancel the process before approval if you decide it is not something that is appropriate for you to take out a personal loan. However, as soon as the loan is approved, the disbursement will commence, and you will not be able to cancel the process.
Is Tripoint Lending Legit Or A Scam?
In spite of Tripoint Lending having an A+ rating from the Better Business Bureau, they have mixed reviews online. Some people have had positive experiences while others have found them to be less than reliable.
According to our comprehensive research, Tripoint Lending appears to be a legitimate company. However, as with any company you decide to do business with, it is important to read customer reviews and do your research.
Are you familiar with Tripoint Lending? Please share your thoughts and experiences in the comment section below.