Fast Track Financial

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When it comes to Fast Track Financial, there are two very different opinions: is it a scam or legit? The company has been around for over 10 years and has helped many people get out of debt. However, there are also many complaints about the company. So, which is it? Is Fast Track Financial a scam that should be avoided, or is it a legitimate company that can help you get out of debt? In this blog post, we will take a closer look at Fast Track Financial and see what the pros and cons are.

The first thing to note about Fast Track Financial is that it is a debt consolidation company. This means that if you have multiple debts, Fast Track Financial can help you consolidate them into one monthly payment. This can be a great way to get out of debt because it can make your payments more manageable and help you pay off your debt faster.

However, there are some risks involved with consolidating your debt. For example, if you miss a payment or default on your loan, the entire amount of your consolidated debt could come due immediately. This could put you in a very difficult financial situation.

Fast track financial is not a direct lender, they are a lead generator. Fast track financial will attempt to connect you with a lender who may be able to provide you with a loan. Fast track financial does not guarantee that you will receive a loan or that the terms of the loan will be favorable. You should always read the fine print before signing up for any services, especially debt consolidation loans.

Fast Track Financial’s loans have an origination fee charged by the lenders on their platform ranging from 0% to 4% of the total loan amount. The Fast Track Financial website says that the average origination fee is around $250, which would be charged on a $25,000 loan. This means that you would end up paying $250 to Fast Track Financial just to get started with consolidating your debt. In addition, Fast Track Financial also charges a monthly service fee of $39 per month.

Fast Track Financial Review: Is Fast Track Financial A Scam or Legit? Find Out Here 1

Fast Track Financial Review: Is Fast Track Financial A Scam or Legit? Find Out Here 2

Fast Track Financial Pros and Cons

There are a lot of things to consider before signing up for a debt consolidation program, and Fast Track Financial is no different. Here’s a look at some of the pros and cons of using this company to consolidate your debt.

One advantage is that Fast Track Financial has a very user-friendly website and process. The entire process can be done online, which is convenient for busy people.

However, there are several cons to using this company as well. First, there have been reports of bait and switch schemes. This means that people sign up for the program thinking they’re going to get one thing, only to find out that they’re actually getting something else. This can be very frustrating and can lead to a lot of wasted time and money.

Another con is the origination fee. Fast Track Financial charges an origination fee from 0% to 4%, which is quite high compared to other companies. This fee can add up quickly, especially if you have a lot of debt to consolidate.

Finally, there have been reports of high-interest rates. This means that you could end up paying more in interest than you would if you just kept your debt with your current lender.

PROS:

  • Can help you consolidate multiple debts into one monthly payment
  • It May help you pay off your debt faster

CONS:

  • It May be difficult to qualify for a loan
  • The origination fee and monthly service fee can add up
  • If you miss a payment or default on your loan, the entire amount of your consolidated debt could come due immediately
  • Is not a direct lender
  • High-Interest Rates

Overall, it’s important to weigh the pros and cons of any debt consolidation program before signing up. While Fast Track Financial has some advantages, there are also several disadvantages that you should be aware of. Make sure to do your research and choose the program that’s right for you.

What is Fast Track Financial?

Fast Track Financial is a debt consolidation company that offers to help customers consolidate their debts and get out of debt faster. However, many customers have complained that the company uses bait and switch tactics and that they end up paying more than they expected.

If you’re considering using Fast Track Financial to consolidate your debts, it’s important to be aware of the potential risks involved.

What is Debt Consolidation?

Debt consolidation is when you take out a new loan to pay off multiple other loans or debts. This can be a good way to get out of debt because it can lower your monthly payments and help you pay off debt faster. However, it’s important to make sure that you understand the terms of the new loan and that you’re not paying more in interest than you would if you kept your existing loans.

How Does Debt Consolidation Work?

Debt consolidation works by taking out a new loan to pay off multiple other loans or debts. This can be a good way to get out of debt because it can lower your monthly payments and help you pay off debt faster.

What are the Benefits of Debt Consolidation?

The benefits of debt consolidation include lower monthly payments, fewer bills to keep track of, and the ability to pay off debt faster. However, it’s important to make sure that you understand the terms of the new loan and that you’re not paying more in interest than you would if you kept your existing loans.

What are the Risks of Debt Consolidation?

The risks of debt consolidation include taking on a new loan with different terms, which can be difficult to understand. There is also the risk of not being able to make the new monthly payment, which can lead to more debt.

How does Fast Track Financial work?

The company uses a bait and switch scheme to lure customers. They consolidate your debt into one payment, but then they hit you with hidden fees. The company also uses direct mail to solicit new customers. If you’re struggling with debt, be very careful of Fast Track Financial. They may seem like they can help, but in reality, they’ll just make your situation worse.

Debt consolidation can be a good thing, but only if you’re working with a reputable company. Otherwise, you could end up in even more debt than you started with. Be careful out there!

How to qualify for a Fast Track Financial debt consolidation loan?

To qualify for a Fast Track Financial Debt Consolidation Loan, you must:

  • Be at least 18 years old
  • Have a regular source of income
  • Have a good credit history
  • Be a U.S. citizen or permanent resident alien

Fast Track Financial is not a direct lender, but they work with a network of lenders who offer debt consolidation loans to qualified borrowers. If you meet the above requirements and are looking for a debt consolidation loan, Fast Track Financial may help you find a lender who fits your needs.

To get started, visit their website and fill out an online application. Once you’ve been approved, you’ll be matched with a lender from their network. After that, it’s up to you to work with your lender to consolidate your debts and get on the road to financial freedom.

There are many options available, so it’s important to compare rates, terms, and conditions before making a decision. And remember, a debt consolidation loan is not a “magic bullet” that will fix all of your financial problems. It’s important to have a solid plan in place to get out of debt and stay out of debt. But if you’re looking for a way to lower your monthly payments and get out of debt faster, a debt consolidation loan may be right for you.

What kind of debt consolidation program does Fast Track Financial offer?

Fast Track Financial offers several different types of loans, including fixed-rate and variable-rate loans. You can choose the loan that best fits your needs and budget.

Fast Track Financial also offers debt management services. They may help you create a budget, negotiate with creditors, and develop a plan to pay off your debt.

How much does Fast Track Financial charge?

To answer this question, we need to understand what Fast Track Financial is and what they do. Fast Track Financial is not a lender. They match you with potential lenders who are willing to give you a debt consolidation loan. In exchange for their services, they charge an origination fee of 0%-4%of your loan.

There may also be other hidden fees associated with your loan, so make sure to read the fine print before signing anything!

What is the minimum credit score for a Fast Track Financial debt consolidation loan?

The minimum credit score for a Fast Track Financial debt consolidation loan is 640. However, they may be able to approve your loan with a minimum credit score of 580 if you have a strong history of responsible financial behavior.

If you have a minimum credit score of 640, you may be able to get a lower interest rate on your loan. If you have a minimum credit score of 580, you may still be able to get approved for a loan, but your interest rate will likely be higher. Fast Track Financial is not a lender, so they will work with you to find a lender that is willing to give you a loan at the best possible interest rate.

Who owns Fast Track Financial?

The owner of Fast Track Financial is Mr. Eric Chung. He started the business on October 16, 2010. The business is located at 16735 Von Karman Ave Ste 250, Irvine, CA 92606.

Some people have complained about fast Track Financial’s bait and switch tactics. They say that the company uses a debt consolidation loan to lure customers in but then charges them high-interest rates. Others have praised the company for its helpfulness in consolidating its debts.

How does Fast Track Financial affect your credit?

Fast Track Financial does a hard pull on your credit that will result in a decrease in your credit score. Additionally, if you’re late on a payment, Fast Track Financial can report the late payment to the credit bureaus. This can further damage your credit score. Therefore, it’s important to be aware of the potential impact Fast Track Financial can have on your credit before signing up for their service.

If you’re considering using Fast Track Financial, be sure to weigh the pros and cons carefully. While it can be a helpful tool for some, it’s not right for everyone. Make sure you understand how it could affect your credit before making a decision.

How to cancel Fast Track Financial’s debt consolidation loan?

If you decide that you no longer want or need a Fast Track Financial debt consolidation loan, you can cancel it at any time. There is no penalty for canceling the loan, and you will only be responsible for paying the outstanding balance.

To cancel the loan, simply contact Fast Track Financial and let them know that you would like to cancel your loan. They will then process the cancellation and send you a confirmation. Once the loan is canceled, you will no longer have access to the funds and will be responsible for making payments on your own. If you have any questions about canceling your loan, please contact Fast Track Financial directly.

Who is Fast Track Financial affiliated with?

Fast Track Financial is not a lender, and they do not offer debt consolidation loans. They are affiliated with companies that offer these services, and they receive a commission for referring customers to them.

However, we do not recommend this company because they engage in bait and switch schemes. If you’re considering consolidating your debt, we recommend that you shop around for a reputable lender. There are many reputable companies out there that can help you get the financing you need without resorting to unscrupulous practices.

Fast Track Financial BBB Reviews

Unfortunately, Fast Track Financial is not BBB accredited. However, they do have a B- rating with the BBB. The most common complaints seem to be about customer service and billing issues. Overall, it seems that Fast Track Financial is a mixed bag when it comes to customer satisfaction.

Here are some Fast Track Financial BBB Reviews:

Donna F 06/20/2019

My husband was contacted by this company convincing him that he qualified for loan forgiveness. He is not a first responder, teacher, or in the medical field. They also requested his bank routing and account numbers, birth date, and passwords to his federal student loan accounts and gained access to his student-fed loans. THIS RAISED A RED FLAG WITH ME! He received an email instantly stating he was APPROVED. Approved for what and so quickly??? I asked if they had him sign and send anything back and he stated he did. I called the Fast Track Financial number on the website and the phone range sounded unusual, then a male answered the phone stating, “This is Eddie are you calling about your student loan”. ANOTHER RED FLAG. Why didn’t he state the name of the company and why is he asking if I’m calling about a student loan.? I hung up. I searched the website, IT DOES NOT GIVE ANY DETAILED INFORMATION AS TO WHAT THEY OFFER OR DO… This is obviously a scam. My next step was to look them up on the BBB website. THIS IS DEFINITELY A PHISHING SCAM. Don’t give these people your personal or banking information if they call you. HANG UP!!! What alerted me was the lady telling my husband he qualified for loan forgiveness he is not in the field of public service and neither is his degree. Also dropping the loan amount from $1K down to $300 a month sound too good to be true and it is!!!

Complaint Type: Problems with Product/Service 06/03/2021

I was threatened on 06/02/2021 that if I filed with the BBB, Fast Track will end my contract. I had high hopes for this program. I joined the program in March 2020 and was not behind on any of my credit cards. I was beginning to struggle. 4 creditors were added to the program. $393.02 a month was agreed upon based on my income. I now work 3 jobs to make these payments as well as pay my bills. I am now being sued by an aggressive creditor. The program wanted to extend my monthly payments and the program to satisfy the aggressive creditor. I was advised by an attorney that the program referred to me on 05/19 that I would never pay off the aggressive creditor that way. I have paid $5,895.30 and I want my money back, Aside from the 1 out of 4 creditors they have settled with which should total approx. $1,500.00. Staff insists it’s my fault I am being sued because I can’t pay the $10k owed. This was the worst mistake I have made. Please help me get my money back. Approx. $ 4, 395.30.

Complaint Type: Problems with Product/Service 11/30/2020

This company Misleads, lies to you, does not provide you with the proper paperwork, and then blames you Signed on 9/19 with them to take care of my unsecured debt. Was told my money was refundable at any time but was never left a contract. I was almost told they would send a letter to my creditors that they were working with me and calls should stop in a few months and within 6 months they would begin working with creditors. Here we are at about 14 months and over $4,000 later and nothing has been done. I’m getting more calls now the before. They have refused to send me the letter they sent creditors. No creditors have been paid and they refuse to refund any money. I lost my job on 11/19, found another on 2/20, and lost it again due to covid. I am on social security and unemployment and it’s been a real struggle. I could only make 4 $50 payments to Gold Law during this period because of covid and they always made me feel guilty. I called in August to cancel and get a refund because I couldn’t carry this out of work. That’s when they told me that it only applies to what’s in your account (remember I was not given a contract). This is when they finally mailed me a contract. I finally canceled & demanded a refund on November 30, 2020, and they are still refusing. When I received a collection notice from an attorney, they had the nerve to ask me for approximately $1,400 to solve that. Do you have $4000 of my money??

Is Fast Track Financial Legit or a Scam?

If you’re thinking about using Fast Track Financial to consolidate your debt, you may want to think twice. There have been a lot of complaints about bait and switch schemes, and the company has a B- rating with the Better Business Bureau.

There are many complaints that Fast Track Financial uses a bait and switch scheme. They advertise a low rate, but when customers call to consolidate their debt, they are told that the rate is much higher. In some cases, the customer is even told that the lower rate was a mistake and that it doesn’t apply to them.

Fast Track Financial also has a lot of negative reviews on Consumer Affairs. Customers complain about being misled, being charged hidden fees, and not getting the promised results.

If you’re considering using Fast Track Financial to consolidate your debt, you may want to reconsider. There are many better options out there that won’t bait and switch you or charge hidden fees. Do your research and pick a reputable company with a good track record.

If you’re still considering using Fast Track Financial, be sure to do your research and read the fine print before signing up for anything. You don’t want to end up in a worse financial situation than you were in before.

Have you had any experience with Fast Track Financial? Leave a comment and let us know what happened.

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Fast Track Financial Reviews
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Fast Track Financial Review

There are many complaints that Fast Track Financial uses a bait and switch scheme. They advertise a low rate, but when customers call to consolidate their debt, they are told that the rate is much higher. In some cases, the customer is even told that the lower rate was a mistake and that it doesn’t apply to them.

Fast Track Financial also has a lot of negative reviews on Consumer Affairs. Customers complain about being misled, being charged hidden fees, and not getting the promised results.

If you’re considering using Fast Track Financial to consolidate your debt, you may want to reconsider. There are many better options out there that won’t bait and switch you or charge hidden fees. Do your research and pick a reputable company with a good track record.

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