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When it comes to debt consolidation, there are a lot of companies out there that promise the world but don’t deliver. So is Federated Funding Partners a scam? Or is it legit? In this review, we will take a close look at the company and see what they have to offer. We will also discuss the pros and cons of using their services so that you can make an informed decision about whether or not this is the right company for you.
Federated Funding Partners is a debt consolidation company that promises to help you pay off your debt in as little as 12 months. They offer a free consultation to see if you qualify for their program. If you do, they will work with you to create a customized repayment plan based on your income and expenses. They also charge a one-time setup fee of $49 and a monthly service fee of $39.
One of the biggest complaints about Federated Funding Partners is that their fees are expensive. If you have a lot of debt, you could end up paying thousands of dollars in fees over the course of your repayment plan. However, it’s important to remember that debt consolidation companies typically charge higher fees than traditional lenders because they are taking on more risk.
Another complaint is that the company doesn’t offer any flexible payment options. If you miss a payment, you will be charged a late fee and your interest rate will increase. This can make it difficult to catch up on your payments if you have a temporary setback.
Overall, Federated Funding Partners seems like a legitimate debt consolidation company with many drawbacks. If you are considering using their services, be sure to compare their fees and terms to other companies before making a decision. This will help you make sure that you are getting the best deal possible. Debt consolidation can be a great way to get out of debt, but only if you choose the right company.
2.0 out of 5.0 stars2.0
Federated Funding Partners Pros and Cons
Federated Funding Partners have more cons than pros. They are expensive, have many complaints, and their interest rates are high. If you’re considering using them, be sure to weigh the pros and cons carefully.
- Federated Funding Partners are an expensive way to get funding. You may be able to find cheaper options elsewhere.
- Many people have complained about Federated Funding Partners. Some of the common complaints include high-interest rates, hidden fees, and poor customer service.
- The interest rates at Federated Funding Partners are higher than average. This means you’ll end up paying more in the long run.
Be sure to carefully consider the pros and cons of Federated Funding Partners before making a decision. There are cheaper and better options out there. Federated Funding Partners should only be used as a last resort.
What is Federated Funding Partners?
Federated Funding Partners is a debt consolidation service that promises to help you get out of debt and improve your credit score. However, many customers have complained that the company is a bait and switch scheme.
They will offer you a low-interest rate, but then raise it after you have consolidated your debt with them. This can leave you in an even worse financial situation than before.
If you are considering using Federated Funding Partners to consolidate your debt, be sure to read the fine print and understand all of the terms and conditions before signing up. You may be better off finding another debt consolidation service that is more reputable.
How do Federated Funding Partners work?
They work by consolidating your debt into one easy payment. But, the problem is that they don’t always consolidate your debt at a lower interest rate. This can end up costing you more money in the long run.
They also don’t always tell you the full story about how their debt consolidation process works. This can lead to more debt and financial problems down the road.
The bottom line is that Federated Funding Partners is not a company that you can trust. They may be able to consolidate your debt, but it will likely cost you more money in the long run. It’s best to avoid this company and find another debt consolidation option.
Who owns Federated Funding Partners?
No one really knows. The company is registered in the Cayman Islands, and its owner is listed as a trust. But the trustee is a law firm, and the beneficiaries are not named. Federated Funding Partners appears to be owned by a group of wealthy individuals who wish to remain anonymous.
The lack of transparency surrounding Federated Funding Partners’ ownership is troubling. The company has access to large sums of money, and it is not clear who is ultimately responsible for its actions. This could pose a serious risk to customers.
If you’re considering using Federated Funding Partners to consolidate your debt, you should be aware of the risks involved. Make sure you understand who owns the company and how it is structured before making any decisions. Otherwise, you could end up in a worse financial situation than you started with.
How does Federated Funding Partners able to negotiate with credit card companies?
Federated Funding Partners is a credit card debt consolidation company that negotiates with credit card companies on your behalf to lower your interest rates and monthly payments. However, there are some things you should know about their process before you decide to use their services.
First of all, Federated Funding Partners charges a hefty fee for their services. They will charge you an upfront fee of $49, plus a monthly fee of $39.99. That’s a lot of money to pay for something that you could potentially do yourself.
Secondly, there’s no guarantee that they will be able to successfully negotiate with your credit card company. If they’re unable to get your interest rate lowered, or if your credit card company refuses to work with them, you’re out of luck.
Lastly, the debt consolidation process can take a long time – sometimes up to two years. That’s a long time to be paying fees to a company, with no guarantee of success.
So while Federated Funding Partners may be able to help some people get out of credit card debt, it’s important to weigh the pros and cons before you decide to use their services.
Which creditors do not work with Federated Funding Partners?
Creditors who are not on the Federated Funding Partners list include:
- American Express
- Bank of America
These creditors do not work with Federated Funding Partners because they are not listed as creditors on their website. This means that if you have debt with any of these creditors, you will not be able to consolidate your debt through Federated Funding Partners. If you are looking to consolidate your debt, you will need to look for another company that does work with these creditors.
While this may seem like a negative, it is important to remember that there are many other options out there for consolidating your debt. Do not let one company’s policies deter you from finding the right solution for your financial needs.
How do Federated Funding Partners affect your credit?
Federated Funding Partners‘ hard pull on your credit affects your credit negatively. This hard pull will stay on your credit report for up to two years and can impact your ability to get new lines of credit during that time.
Federated Funding Partners also may try to collect payment from you even if you have already paid off the debt in full, which can further damage your credit score. If you are considering using Federated Funding Partners for a loan, be sure to weigh the risks and benefits carefully before making a decision.
How to cancel Federated Funding Partners?
If you’re unhappy with the Federated Funding Partners program, cancel your account by following these steps.
- First, log into your account on the Federated Funding Partners website.
- Next, click on the “My Account” tab and then select “Cancel Account.”
- You’ll be asked to confirm your cancellation, and once you do, your account will be closed.
If you have any questions about canceling your account or need assistance, you can contact customer service by phone or email. Be aware that if you cancel your account, you’ll no longer be able to access any of your saved data or documents. So make sure you download anything you need before cancelation!
Lastly, keep in mind that canceling does not relieve you of any obligations you may still have under your agreement, such as repaying any outstanding debt.
Who are Federated Funding Partners affiliated with?
Federated Funding Partners is affiliated with Crown Street Funding, which is owned by the same company. Federated Funding Partners is not a separate entity from Crown Street Funding. They are simply two different names for the same company.
If you are considering consolidating your debt with Federated Funding Partners, you should be aware that you are essentially doing business with Crown Street Funding. And if you have had problems with Crown Street Funding in the past, you can expect the same level of service from Federated Funding Partners.
So if you’re looking for a debt consolidation company that is affiliated with a reputable organization, look elsewhere. Federated Funding Partners is not the right choice for you.
Federated Funding Partners BBB Reviews
As of today, Federated Funding Partners BBB Reviews are not looking so great. In fact, they are pretty terrible. The company has an A+ rating from the BBB, but that is about the only good thing that can be said about them.
There are many complaints and negative reviews from customers who have had dealings with this company. It seems that they are not very good at what they do and that they often take advantage of their customers. If you are thinking about doing business with Federated Funding Partners, you may want to think twice.
Here are some Federated Funding Partners BBB and Trustpilot Reviews:
Complaint Type: Billing/Collection Issues 05/17/20201.0 out of 5.0 stars1.0
The company has been taking money from my account with the promise that they are going to pay my creditors. The company has been taking money from my account with the promise of paying my creditors but to date, I have not seen my balances go down. I want some proof that they are paying my creditors. Right now I feel like I am being scammed.
Complaint Type: Problems with Product/Service 03/05/20201.0 out of 5.0 stars1.0
The company did not provide the service intended. Not transparent with their service and how it works. I signed up for a program with Federated Financial Services Inc. under that program I was informed that under program once I had been enrolled I could not be dropped from this program from the debtor. So I went along and paid the initial $195 dollars, once this was paid I was told that the interest and the fees would stop. I also received paperwork from Federated Financial Services Inc. showing the amount of the loan that was settled with ****** and that amount came out to be $1900.00 dollars. If needed I can upload the document showing that amount to prove it. I was told that each month my payments would be $245.00 dollars with $45 of those dollars going to Federated Financial Services for fees. In the Oct I made my first payment in the amount of $245.00, but right after that my transmission broke, and it became a setback for me and my wife. So I called Federated Financial Services and informed them about this event, and that I needed time to resolve this issue because if I can’t go to work I can’t make my payments. The guy I talked to said that it was just fine and for me to just call them back when I am ready to have the payments start up again. I called the next few more times and spoke to a guy and a lady letting them know that the issue has not been resolved and I am not able to make a payment, and they said to call back when ready. Well in Feb I was ready to have the payments start up again, but only to find out that ***** moved the loan to collections, which is bad timing because we would like to buy a home within the next year. If I knew I could be dropped I would borrow funds and found a way to make the payments, but since I was told when I signed up for the program I was safe once I enrolled I didn’t go that route.
FETSY6 Aug 13, 20211.0 out of 5.0 stars1.0
Heads up everyone– The other reviews giving 5 stars are fake. This company will lure you in with a promise of an extremely low-interest rate (2.9 in my case) for a personal loan; when you call there is no loan and they try to get you to sign up for some BS debt forgiveness program where you stop making payments to your creditors and start paying them. What a deal! So while your credit score takes a major dive of several hundred points, they supposedly try to negotiate a reduced total payment with your creditors. There is no guarantee the creditors will go along or “forgive” your debt, and even if they did, any forgiven debt automatically becomes income to you at tax time. DON’T DO IT.
Is Federated Funding Partners Legit or a Scam?
They claim to be able to help you get out of debt quickly and easily. But are they legit? Or are they a scam?
Unfortunately, there are a lot of complaints against Federated Funding Partners. Many people say that they were bait and switch schemes. They were promised one thing, but then they were given something else entirely. This is not the way to consolidate your debt!
There are many other companies out there that can help you with debt consolidation. You should definitely do your research before deciding on which company to use. And if you ever come across Federated Funding Partners, just know that they’re not worth your time or your money.
If you’re considering debt consolidation, do your research and make sure you choose a reputable company. Federated Funding Partners is not one of them!
Have you had any experience with Federated Funding Partners? We’d love to hear about it in the comments!