Tripoint Lending, established in 2017 and headquartered in Irvine, California, specializes in providing personal loans and debt relief solutions. With a mission to offer tailored financial services, the company aims to assist individuals in managing their financial challenges through competitive loan products and efficient customer service. This review delves into various aspects of Tripoint Lending, highlighting its pros and cons, products, customer feedback, and overall reputation.


Tripoint Lending Overview
Founded in 2017, Tripoint Lending operates from its main office at 2600 Michelson Drive, Ste. 1500, Irvine, CA. The company aims to provide personalized financial solutions, including personal loans and debt relief services, tailored to meet the unique needs of each borrower. Since its inception, Tripoint Lending has positioned itself as a competitive player in the personal loan market, offering a range of loan products with varying interest rates and terms.
Tripoint Lending’s mission is to help individuals achieve financial stability through accessible and efficient lending options. The company emphasizes a seamless application process, aiming to deliver quick funding for qualified people. They offer loans ranging from $1,000 to $100,000, with interest rates between 5.99% and 35.99%, dependent on the borrower’s creditworthiness and other factors such as employment, income, and debt-to-income ratio.
However, it’s important to note that Tripoint Lending’s services are unavailable in all states, and state laws might prohibit certain loan products. Additionally, potential borrowers should be aware that submitting a loan request authorizes Tripoint Lending to perform credit checks to evaluate eligibility and creditworthiness.
In terms of affiliations, Tripoint Lending is related to Alleviate Financial Solutions, which may be relevant for those exploring comprehensive debt relief options.
Overall, Tripoint Lending strives to offer competitive loan products and customer-focused services, although its mixed reviews suggest that experiences can vary significantly among clients.

Pros and Cons
Pros:
- Fast Funding: Many customers appreciate the quick turnaround time for loan approval and funding. Tripoint Lending often provides funds within 2–3 business days after loan approval, which is beneficial for those needing immediate financial assistance.
- Competitive Interest Rates for Qualified Borrowers: Tripoint Lending offers interest rates as low as 5.99% for the most creditworthy borrowers. This rate is competitive compared to other personal loan providers, making it an attractive option for those with excellent credit.
- Easy Application Process: The company is known for its user-friendly application process, which can be completed online or over the phone. This convenience is frequently highlighted in positive customer reviews, with many noting the straightforward and hassle-free experience.
Cons:
- High Fees for Some Services: Despite competitive interest rates for some borrowers, Tripoint Lending charges various fees that can add up. These include origination fees, late payment fees, and prepayment penalties. The prepayment penalty, in particular, can be a significant drawback for those planning to pay off their loan early.
- Mixed Customer Reviews on Service Quality: Customer reviews reveal a mixed picture of Tripoint Lending’s service quality. While some customers praise the helpfulness of their agents, others have reported negative experiences, including poor customer service and unprofessional behavior from staff.
- Prepayment Penalties: Tripoint Lending imposes a prepayment penalty, which can be a deterrent for borrowers who wish to pay off their loans early to save on interest. This fee typically amounts to six months of interest on the remaining balance of the loan.
Overall, while Tripoint Lending offers several advantages, such as fast funding and competitive rates for qualified borrowers, potential applicants should carefully consider the associated fees and the variability in customer service experiences. It’s essential to weigh these pros and cons against personal financial needs and circumstances before proceeding with a loan application.
Products and Services
Tripoint Lending offers a variety of financial products designed to help individuals manage their debt and achieve financial stability. Below are the primary products and services they provide:
Personal Loans
Loan Amounts and Interest Rates: Tripoint Lending provides personal loans ranging from $1,000 to $100,000. The interest rates on these loans vary significantly based on the borrower’s creditworthiness, with APRs ranging from 5.99% to 35.99%. The lowest rates are typically reserved for those with excellent credit scores, stable employment, and low debt-to-income ratios.
Terms and Conditions: The loan terms range from 12 to 60 months, giving borrowers flexibility in choosing a repayment period that fits their financial situation. However, it is important to note that the longer the loan term, the more interest a borrower will likely pay over the life of the loan.
Application Process: The application process is straightforward and can be completed online or over the phone. Borrowers need to provide personal information, employment details, and financial data. Tripoint Lending performs a credit check as part of the application process to determine eligibility and appropriate loan terms.
Debt Consolidation Services
Tripoint Lending also offers debt consolidation services aimed at helping borrowers manage multiple debts. This service allows individuals to combine their existing debts into a single loan with one monthly payment, potentially at a lower interest rate than their current debts.
Eligibility and Process: To qualify for debt consolidation, borrowers must meet certain criteria, including a minimum credit score, proof of stable income, and a manageable debt-to-income ratio. The process involves evaluating the borrower’s current debts, determining the amount required for consolidation, and offering a loan that covers these debts.
Benefits: The primary benefit of debt consolidation is the simplification of finances—having one monthly payment instead of multiple can make it easier to manage payments and reduce the risk of missing payments. Additionally, borrowers may save money on interest if they qualify for a lower rate than their existing debts.
Additional Services
While Tripoint Lending focuses primarily on personal loans and debt consolidation, they may offer other financial products and services, either directly or through partnerships. These could include:
- Credit Counseling: Providing advice and strategies to improve credit scores and manage finances more effectively.
- Budgeting Assistance: Helping clients create and stick to a budget to improve their financial health.
- Educational Resources: Offering tools and resources to educate borrowers about financial management and debt reduction strategies.
Fees and Penalties
Borrowers should be aware of the various fees associated with Tripoint Lending’s services. These include:
- Origination Fees: Charged for processing the loan application, typically a percentage of the loan amount.
- Late Payment Fees: Imposed if a borrower misses a payment or is late in making a payment.
- Prepayment Penalties: Tripoint Lending charges a prepayment penalty, which can amount to six months of interest on the remaining balance of the loan. This is a significant consideration for those who plan to pay off their loans early to save on interest costs.
Conclusion
Tripoint Lending offers a range of financial products tailored to help individuals manage their debt and achieve financial stability. Their personal loans and debt consolidation services provide flexibility and potential cost savings for eligible borrowers. However, potential customers must understand the associated fees and penalties, as well as their eligibility, to make informed decisions.

Customer Reviews
Customer reviews for Tripoint Lending are a mixed bag, with significant variations in experiences reported across different review platforms. Here’s a comprehensive overview of what customers are saying:
Positive Reviews:
- Ease of Application Process: Many customers have praised the straightforward and user-friendly application process offered by Tripoint Lending. The ability to apply online or over the phone has been highlighted as a significant advantage, allowing for a quick and hassle-free experience. One customer noted, “The application process was easy, and the loan was funded quickly.”
- Fast Funding: Another common positive theme is the speed at which funds are disbursed. Borrowers have reported receiving their loan amounts within a few days of approval, which is particularly beneficial for those in urgent need of financial assistance.
- Competitive Interest Rates: Some customers have benefited from the competitive interest rates offered by Tripoint Lending, especially those with strong credit profiles. This aspect is often mentioned in positive reviews, with borrowers appreciating the relatively low rates compared to other lenders.
Negative Reviews:
- High Fees and Penalties: A significant number of negative reviews focus on the high fees associated with Tripoint Lending’s loans. Customers have expressed dissatisfaction with origination fees, late payment fees, and particularly the prepayment penalty, which can be substantial. One reviewer stated, “The fees were very high, and the customer service was terrible.”
- Poor Customer Service: Negative feedback frequently mentions issues with customer service, describing experiences with unresponsive or unhelpful representatives. Some reviewers have reported feeling misled or poorly treated, with terms and conditions changing unexpectedly. Complaints on the BBB site include descriptions of customer service agents as “demeaning” and “defensive.”
- Mixed Overall Satisfaction: On the Better Business Bureau (BBB), Tripoint Lending has an A+ rating but an average customer rating of 2.1 stars out of 5, based on over 200 reviews. While some customers report satisfactory experiences, many others highlight problems with high costs and customer service issues. Similarly, on other platforms like Google Reviews, the company holds a higher rating of 4.5 out of 5 but still has a notable number of critical reviews.
Trustpilot and Other Platforms:
Trustpilot and other review platforms also reflect a mix of experiences. Positive reviews emphasize the convenience and efficiency of the loan process, while negative reviews often focus on the same issues mentioned above—fees and customer service.
Overall, the customer feedback for Tripoint Lending underscores the importance of thoroughly understanding the terms and conditions before committing to a loan. While many borrowers have positive experiences, particularly regarding the speed and ease of obtaining funds, the high fees and variable customer service quality are significant factors to consider.
BBB Rating and Accreditation
Tripoint Lending holds an A+ rating from the Better Business Bureau (BBB), which signifies a strong commitment to resolving customer complaints and maintaining transparency in business practices. The company has been accredited by the BBB since July 2018, demonstrating its adherence to the BBB’s standards for trustworthiness and customer service.
Complaints and Resolutions: Despite its high BBB rating, Tripoint Lending has received a notable number of customer complaints. Over the past three years, the company has had 221 customer reviews, with nine complaints closed in the last 12 months. Common complaints include issues related to high fees, unexpected changes in loan terms, and poor customer service interactions.
Customer Feedback: Customer reviews on the BBB site are mixed, with some praising the ease of the loan process and the efficiency of funding, while others criticize the high costs and unprofessional behavior of customer service representatives. For instance, some users have described their interactions with Tripoint Lending agents as “rude” and “defensive,” which has negatively impacted their overall experience.
BBB Customer Reviews: The BBB platform shows a variety of customer feedback. Positive reviews often highlight the straightforward application process and quick access to funds. Conversely, negative reviews frequently mention dissatisfaction with high fees and penalties, as well as difficulties in communicating with customer service representatives. One user shared their frustration, stating that they were promised certain terms initially, only to have those terms change after the loan was approved.
In conclusion, while Tripoint Lending maintains an A+ rating with the BBB and demonstrates a willingness to address customer complaints, potential borrowers should be mindful of the mixed reviews and be prepared for possible high fees and varying customer service experiences.

Trustpilot and Other Review Platforms
Tripoint Lending has garnered a variety of reviews across multiple platforms, including Trustpilot and Google Reviews. Here’s a summary of the feedback from these sources:
Trustpilot Reviews: On Trustpilot, Tripoint Lending maintains a presence with a mix of reviews. The ratings here tend to reflect both positive and negative customer experiences:
- Positive Feedback: Some customers on Trustpilot appreciate the efficient application process and the quick disbursement of funds. They often highlight the convenience and transparency in the initial stages of securing a loan.
- Negative Feedback: However, a significant portion of reviews also point to dissatisfaction with customer service and unexpected fees. Complaints about high interest rates and unfavorable loan terms post-approval are common themes. Customers have reported feeling misled about the true cost of their loans, which affects overall satisfaction.
Google Reviews: Tripoint Lending has a 4.5 out of 5 rating on Google Reviews based on over 500 reviews. This rating is relatively high, indicating a generally favorable impression among a large number of reviewers:
- Positive Reviews: Customers frequently commend the ease and speed of the application process and the quick access to funds. Some reviews mention helpful and courteous customer service representatives, adding to their positive borrowing experience.
- Negative Reviews: Despite the high rating, there are notable negative reviews as well. Common complaints include high fees, especially the prepayment penalties, and dissatisfaction with changes in loan terms after the initial agreement. Some users have mentioned that customer service can be unresponsive or unhelpful, leading to a frustrating experience.
Overall Customer Satisfaction: The overall customer satisfaction for Tripoint Lending is mixed. While many appreciate the quick and easy access to loans, the high fees and inconsistent customer service quality are significant drawbacks. Potential borrowers should carefully review the terms and conditions and consider other customer feedback before committing to a loan with Tripoint Lending.
In summary, while Tripoint Lending offers a convenient and fast loan process, the mixed reviews, particularly regarding customer service and fees, highlight the importance of thorough research and consideration before applying.
Costs and Fees
Understanding the cost and fees associated with Tripoint Lending’s loans is crucial for potential borrowers. Here’s a detailed breakdown:
Interest Rates and APRs: Tripoint Lending offers interest rates ranging from 5.99% to 35.99% APR. The exact rate a borrower receives depends on various factors, including creditworthiness, income, and debt-to-income ratio. The lowest rates are typically available to those with excellent credit scores and a strong financial background, while those with less favorable credit may be subject to higher rates.
Origination Fees: Tripoint Lending charges an origination fee, which is a percentage of the loan amount. This fee covers the cost of processing the loan application and can vary depending on the loan terms and the borrower’s credit profile. Borrowers need to account for this fee when calculating the total cost of the loan.
Late Payment Fees: If a borrower misses a payment or makes a late payment, Tripoint Lending imposes a late payment fee. This fee can add up quickly, so borrowers need to stay on top of their payment schedule to avoid additional costs.
Prepayment Penalties: One notable fee that Tripoint Lending charges is a prepayment penalty. This penalty applies if a borrower pays off their loan early, which can amount to six months of interest on the remaining balance. This fee is intended to compensate the lender for the interest they would have earned if the loan had been paid over the agreed-upon term.
Comparison with Other Lenders: When compared to other personal loan providers, Tripoint Lending’s fees are relatively standard, though the prepayment penalty is a significant consideration. For example:
- LendingClub charges an origination fee but no prepayment penalty.
- Prosper: a similar fee structure with no prepayment penalty.
- Upstart: Charges an origination fee but does not have a prepayment penalty.
- LightStream: offers loans with no origination fee or prepayment penalty but requires a higher minimum credit score.
Overall Cost Considerations: The total cost of a loan from Tripoint Lending includes not just the interest payments but also the various fees mentioned above. Borrowers should calculate the full cost over the life of the loan to understand the financial commitment involved. Additionally, comparing these costs with those of other lenders can help in making an informed decision.
In summary, while Tripoint Lending offers competitive interest rates for qualified borrowers, the associated fees, particularly the prepayment penalty, can significantly impact the overall cost. Prospective borrowers should carefully review and compare these costs before committing to a loan with Tripoint Lending.

Conclusion
Tripoint Lending offers a range of personal loans and debt consolidation services with competitive interest rates for qualified borrowers. While the application process is straightforward and funding is fast, potential borrowers should be aware of the high fees and mixed customer service reviews. The presence of a prepayment penalty is a significant factor to consider. Overall, Tripoint Lending can be a viable option for those needing quick financial assistance, but it requires thorough research and comparison with other lenders.
Frequently Asked Questions
What are the eligibility criteria for a loan from Tripoint Lending?
To qualify for a loan from Tripoint Lending, borrowers typically need to meet certain criteria, including a minimum credit score, proof of stable income, and a manageable debt-to-income ratio. Specific requirements may vary based on the loan amount and terms requested.
Does Tripoint Lending charge a prepayment penalty?
Yes, Tripoint Lending imposes a prepayment penalty. If a borrower pays off their loan early, they may be required to pay a penalty amounting to six months of interest on the remaining balance.
How long does it take to receive funds from Tripoint Lending?
The funding process is generally quick. After loan approval, borrowers typically receive their funds within 2–3 business days, making Tripoint Lending a good option for those needing fast financial assistance.
What types of loans does Tripoint Lending offer?
Tripoint Lending offers personal loans and debt consolidation services. Personal loans can be used for various purposes, including home improvements, medical expenses, or debt consolidation. The company provides flexible loan amounts and terms tailored to the borrower’s credit profile.
How are Tripoint Lending’s customer reviews?
Customer reviews for Tripoint Lending are mixed. Positive reviews often mention the ease of the application process and quick funding, while negative reviews frequently cite high fees and poor customer service. It is advisable for potential borrowers to thoroughly research and compare reviews before proceeding.
1 Comment
I had the dis honor of actually working for this company briefly, I was recruited and hired to be a loan officer for consumer loans with the option of debt settlement programs for people that could not qualify for a loan. They do not actually offer any loans. They only offer debt settlement and the scam is to get people to call in from pre approved loan officers only ro be told they don’t qualify for a loan but they do qualify for the debt relief option.