When it comes to Choice Financial, there are two big questions on everyone’s mind: is it a scam? And is it legit? In this review, we will take a look at both of these questions and try to provide you with an answer. Choice Financial is not a lender or creditor, all loan requests are funded by a third party. They offer unsecured personal loans from $2,000 to $100,000. So, is Choice Financial a scam? Or is it legit? Let’s find out!
This company is not a lender or creditor, but rather a middleman between you and the party who will actually fund your loan. This can be beneficial because it gives you more options when it comes to finding a loan that fits your needs. However, it also means that there is more opportunity for scamming. So, is it a scam? Let’s take a look at what others have to say about their experience with the company.
Let’s take a deeper look at this company and what it has to offer.

Choice Financial Pros and Cons
If you’re considering taking out a loan with Choice Financial, there are some things you should be aware of.
The Positives of working with Choice Financial
- You may be able to find a lower interest rate than if you went directly to a lender.
- If you have bad credit, using a matching service could help you get approved for a loan.
- You can compare multiple offers side-by-side to see which one is best for you.
The Negatives of Working with Choice Financial
- There are no reviews of the company online, so it’s difficult to know what others think about their experience.
- Choice Financial is not a real lender – instead, they sell your information to different lenders. This means you may end up with multiple offers and end up paying more in fees.
- Customers have accused the company of bait-and-switch tactics, so be sure you understand the terms of your loan before signing anything.
At the end of the day, it’s up to you to decide if working with Choice Financial is right for you. Be sure to do your research and understand the terms of any loan before signing anything.
What is Choice Financial?
Choice Financial is not a direct lender. This means that they will not give you a loan directly. Instead, they will collect your personal information and then match you with a lender who may be able to give you a loan.
The company has been in business for only a year, which is a short amount of time. This means that there is not much history or track record to go on when determining if they are a reputable company.
Before doing business with Choice Financial, make sure you research the company and the lenders they work with to ensure that you are getting a loan from a reputable source. Additionally, be sure to read the terms and conditions of any loan offer carefully before accepting it.
How does Choice Financial work?

Choice Financial is a lead generator company that matches you with different lenders. It’s not a lender itself, so it doesn’t provide loans directly to consumers. Instead, it connects borrowers with lenders who may be able to offer them financing.
If you’re considering using Choice Financial to get a loan, there are a few things you should know. First of all, the company is not accredited by the Better Business Bureau (BBB). Additionally, there are no online reviews of the company’s services. That means it’s difficult to know what kind of experience other borrowers have had with Choice Financial.
Another thing to keep in mind is that Choice Financial is a lead generator, not a direct lender. That means it makes money by selling your information to lenders. If you’re not comfortable with your personal information being shared, you may want to consider another option.
How to qualify for a Choice Financial personal loan?
If you’re looking for a personal loan, there are a few things you’ll need to take into account before applying. Here are some tips on how to qualify for a Choice Financial personal loan:
- Your credit score is one of the most important factors that lenders look at when considering a loan application. If you have a good credit score, you’re more likely to be approved for a loan with favorable terms and conditions.
- Another important factor is your income. Lenders want to see that you have a steady source of income so they can be confident that you’ll be able to repay the loan.
- The amount of debt you currently have will also be taken into consideration. If you have a lot of debt, it may be difficult to get approved for a loan.
- Finally, the lender will also look at your employment history. They want to see that you have a stable job and that you’ve been employed for a significant amount of time.
- Make sure to have your ID, online banking information, and basic information.
If you meet all of these criteria, you should have no problem qualifying for a personal loan.
What is the APR on a Choice Financial personal loan?
The APR on a Choice Financial personal loan ranges from 4.99% – %35.99. This rate is determined by many factors, including your credit score, income, and the amount you borrow. The APR will be disclosed to you before you sign the loan agreement.
To get the best rates, it’s important to shop around and compare offers from multiple lenders. You can use a loan calculator to estimate your monthly payments and compare rates from different lenders.
Take your time in understanding the terms of your personal loan, so that you can make the best financial decision for your needs.
What kind of loans does Choice Financial offer?
Choice Financial Group is not a lender and it doesn’t have local businesses, but it connects you with different financial institutions. It offers a variety of loan options, including personal loans, home equity loans, and more.
How much does Choice Financial charge?
Choice Financial is free to use. They are not a lender, so they don’t have fees.
However, their network of lenders may charge you origination fees, late payment fees, account fees, and high-interest rates. That’s why it is essential to research the lender you’ll get matched with.
How long does it take for Choice Financial to find me a lender?
It really depends on the individual case. In some instances, it could take a few days while other times it may take a couple of weeks. There are a few factors that play into how long it may take to connect you with a lender. This includes the type of loan you’re seeking, your credit score, and more.
What is the minimum credit score for a Choice Financial personal loan?

As with any loan option, the applicant’s credit score is one of the key factors lenders look at when considering a loan request. Choice Financial doesn’t have a required minimum credit score, but most of its network of lenders request a minimum of 640 for personal loans.
Other important factors that Choice Financial looks at when considering a personal loan request include credit history, employment history, and monthly income.
Applicants with strong credit scores and solid employment histories are more likely to be approved for a personal loan from Choice Financial. Monthly income is also an important factor, as it helps to determine whether or not an applicant can afford to make the monthly payments on a loan.
If you’re thinking about applying for a personal loan from Choice Financial, be sure to check your credit score and review your credit history and employment history to make sure you meet the minimum requirements.
How does Choice Financial affect your credit?
If you’re considering using Choice Financial, it’s crucial to understand how the company may affect your credit. One potential issue to be aware of is that the lender you choose will do a credit check on your credit report when you open an account. This hard pull can temporarily lower your credit score.
Additionally, if you make late payments on your account, Choice Financial’s affiliated lenders may report this information to the credit bureaus, which could also negatively impact your credit score.
Overall, they can have both positive and negative effects on your credit depending on your individual circumstances.
How to cancel Choice Financial?
If you need to cancel your loan for any reason, you’ll need to contact your lender directly. Be sure to have your account number handy when you call or email so they can quickly cancel your loan. Once you’ve canceled your loan, be sure to destroy any physical copies of the check that was provided to you.
If you have an outstanding balance on your loan, you’ll need to make arrangements with third-party lender to pay it off as soon as possible. Be sure to cancel any automatic payments you have set up so you don’t accidentally get hit with late fees or other penalties.
What kind of lenders does Choice Financial work with?
This company works with lenders that profit from selling your information to other direct lenders or financial institutions. These lenders typically have high-interest rates, hidden fees, and other terms that make it difficult for borrowers to understand the true cost of their loan.
The bait and switch scheme is when a lender offers a low-interest rate to lure in a borrower, but then switches the terms of the loan once the borrower has signed the contract. This can leave borrowers stuck with a loan they can’t afford and often results in default and foreclosure.
Choice Financial is not affiliated with Choice Bank, a member of FDIC, which offers banking services, debit card services, and online banking.
Who is Choice Financial affiliated with?
We’re often asked if Choice Financial is affiliated with any third-party lenders. The answer is yes and here is why.
Third-party lenders are not subject to the same regulations as banks and credit unions. This means they can charge higher interest rates and fees, which can make it very difficult for borrowers to repay their loans.
We believe that third-party lenders are not trustworthy and we would never recommend using one. If you’re considering a third-party lender, we urge you to reconsider and explore other options. There are plenty of reputable lenders out there that can offer you a fair deal.

Choice Financial BBB Reviews
If you’re considering using Choice Financial, you may be wondering about their BBB rating. Unfortunately, they do not have BBB accreditation. However, this doesn’t mean that they’re not a reputable company. They’ve been in business for 1 year and have 0 complaints and 0 reviews.
Still, BBB accreditation is an important factor to consider when choosing a financial institution. And with no review or complaints, it’s hard to say how Choice Financial measures up.
Is Choice Financial Legit or a Scam?
If you’re considering using Choice Financial, you may want to read more customer reviews. The company has been accused of being a bait-and-switch scheme.
Choicefinancial.co or choice-financial.net offers a variety of financial services, including loans, credit cards, and investment products. However, the company has come under fire for its aggressive sales tactics.
If you’re considering using this company, do your research and be sure to read the fine print before signing any agreements.
Have you had a bad experience with them? Share your story in the comments below.
Thank you for reading!
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