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TriPoint Lending is a company that offers personal loans to people in need. However, Tripoint Lending has recently been receiving negative reviews from customers who feel that they have been scammed by the company. In this Tripoint Lending review, we will take a closer look at the company and see if their services are really as bad as people are saying.
TriPoint Lending was founded in 2017 and is based in Irvine, California. The company offers personal loans of up to $35,000 with interest rates ranging from 12% to 36%. It has an A+ rating with the Better Business Bureau (BBB) and is accredited by the BBB. Tripoint Lending is also a member of the Online Lenders Alliance (OLA).
You probably received a mailer with a personalized reservation code offering you a pre-approved loan with a below 5% interest rate to consolidate your credit card and other high-interest debt. And now you need to know more.
The company has been receiving negative reviews from customers who claim that they have been scammed. Customers have said that they were promised a loan but never received the money. Others have said that they were charged hidden fees or that their interest rates were much higher than what was originally quoted.
Tripoint Lending seems to be a company that you should avoid. There are many other personal loan companies out there that don’t have as many negative reviews.
Who owns TriPoint Lending?
Tripoint Lending is a personal loan provider that offers loans to consumers with bad credit. The company is owned by Tripoint Global Equities, LLC, which is a private equity firm based in New York. Tripoint Lending has been in business since 2017 and offers loans of up to $35,000.
The company has an A+ rating with the Better Business Bureau (BBB) and is accredited by the BBB. Tripoint Lending has received 8 complaints in the past three years, with 2 of those complaints closed in the past 12 months.
Pros and Cons
Although TriPoint Lending has many advantages, there are also some disadvantages to consider before taking out a loan with this company.
One of the biggest advantages of Tripoint Lending is that they have a streamlined application process. The entire process can be completed online and takes only a few minutes to complete
However, there are some downsides. One of the biggest is that they have a negative reputation among many borrowers. This is because Tripoint Lending has been known to change the terms of their loans after borrowers have already agreed to them. This can cause serious financial hardship for borrowers who are not prepared for the changes.
Another downside is that they do not have a very good customer service reputation. There have been many reports of borrowers struggling to get in touch with a representative when they need help. This can make it difficult to get your questions answered or to resolve any issues you may have with your loan.
There are some downsides to consider before taking out a loan with this company. Make sure you are aware of these disadvantages so you can make the best decision for your financial needs.
TriPoint Lending BBB Reviews
If you’re considering taking out a personal loan, you may be wondering if TriPoint Lending is a reputable lender. After all, when you’re borrowing money, you want to be sure that the company you’re working with is trustworthy.
TriPoint Lending is accredited by the Better Business Bureau (BBB). In fact, they have an A+ rating from the BBB.
David M 03/15/2022
I received a pre-qualified letter in the mail about a loan but I decided to ****** them first and that led me to here. I find it interesting how the 1 and 2-star reviews are written in detail about what a negative experience they had dealing with Tri-Point, and how misleading it is about receiving what appears to be a check but in reality, it’s a debt consolidation program, but there are many more 5 star reviews with one or two sentence positive reviews, most of which are written in broken English. It almost gives you the idea that people are intentionally misleading people with positive reviews that are not authentic. I think I’ll pass on dealing with Tri-Point
Dianna S 03/07/2022
I received a pre-screen letter in the mail. I then submitted information online per instructions on the letter. I received a phone call within 3 minutes of hitting the submit button. The first person transferred me to a second person who took my social security number, employment information, and other standard loan criteria. They then emailed me and had me review the information and click “submit”… then was told I was unable to receive the loan. Both persons on the phone were polite, but it was a long process to decline my load without any other information. It feels sorta “fishy”… hope I didn’t just give consent for something illegal. 🙁
Joey V 03/16/2022
I had a very amazing experience with ***. He was very informative and helpful with everything.
Will Tripoint Lending Hurt My Credit?
Will Tripoint Lending hurt my credit? Overall, while applying for any loan will affect your credit score, TriPoint Lending could be beneficial in the long run if you need help managing debt or improving your credit score quickly.
Is TriPoint Lending Legit?
TriPoint Lending is a company that offers personal loans. While there are many companies that offer personal loans, Tripoint Lending has come under fire for its high-interest rates and fees.
There are many negative reviews of Tripoint Lending online, with customers complaining about the high-interest rates and fees.
Is Tripoint Lending a legitimate company? The answer is complicated. On the one hand, the company offers personal loans at high-interest rates and fees. On the other hand, TriPoint Lending is a registered company with the Better Business Bureau.
Do not take out a loan with TriPoint Lending unless you are absolutely sure that you can make the payments on time. missing even one payment can result in high penalties and fees.
If you’re considering taking out a personal loan, be sure to shop around for the best rates and terms. There are many better options available than Tripoint Lending.
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