Lighthouse Finance Solutions Review: Is It Worth It? Check This Out

Have you been contacted by Lighthouse Finance Solutions? Was the debt consolidation offer they gave you much lower than what you are paying right now? What do people think about them?

We will explain the processes of Lighthouse Finance Solutions and debt relief.

If you have recently realized that you need assistance with managing your debt, you may have begun looking into debt relief companies. These firms offer their services to those who are not able to cope with their debt on their own. Depending on your circumstances, there are numerous methods that these companies can aid you with. Before signing any agreement, it is essential to conduct a thorough investigation into the debt relief company you are considering. This article will review Lighthouse Finance Solutions, helping you assess if they can be trusted.

Overview Of The Company

Lighthouse is a debt relief service that provides customers with the opportunity to negotiate a lower payment with their creditors. With debt relief services, customers can potentially settle a $10,000 credit card balance for $5,000, leading to great savings and a lower payment. Lighthouse’s debt relief services provide customers with a way to manage their debt and get back on track financially.

Debt settlement could be beneficial for you, but it’s beneficial to comprehend all of your choices.

Next, let’s look at the background of Lighthouse Finance Solutions.

Background Of Lighthouse Finance Solutions

According to its BBB page, Lighthouse Finance Solutions is based in Florida. It is difficult to determine when Lighthouse Finance Solutions was established. Its BBB page was only created in 2020. However, the page does not list the date that the company was established. When looking at Trust Pilot, the reviews only go back to 2021. And when looking at Google reviews, again, the earliest review is only from two years ago. 

Lighthouse Finance Solutions is based in Florida, but it is difficult to determine when it was established. The company’s BBB page states that it was created in 2020, but there are no reviews or other information to back this up. Reviews on Trust Pilot and Google suggest the earliest review dates to be 2021 and two years ago respectively, but this does not provide any insight into the exact date of establishment for Lighthouse Finance Solutions. It is unclear when the company was first formed, making it difficult to assess its track record.

It is clear that Lighthouse Finance Solutions is a relatively new business, as there is limited information available about them in the public domain. This could mean that they are a brand new company, or that they have recently gone through a rebrand. Interestingly, it appears that they opened a branch in Texas in 2017, which suggests more of a recent development than an established business. It appears that Lighthouse Finance Solutions is a relatively new entrant to the market, whatever the reason may be.

How Much Does Their Services Costs?

At Lighthouse, clients can expect to pay anywhere from 70-80% of their original, enrolled debt amount by the end of the program. This includes all debt payments and service fees. To put it into perspective, if you enroll $10,000 worth of debt, it is likely that you will end up paying anywhere from $7,000-8,000 by the end of the process. It is important to remember that debt settlement companies make their profit by charging a percentage of the enrolled debt. This means that the cost may be higher than the initial debt amount, but you will still be saving money in the long run.

Debt relief companies rarely advertise their rates, so it’s hard to know what they typically charge. Generally, debt settlement companies tend to charge 18-25%. Lighthouse is more upfront about their fees, and they state that customers may end up paying 70-80% of their total enrolled debt. While this is an estimation, the cost can change depending on a variety of factors including location, debt amount, and creditors. For this reason, it’s important to ask for an accurate estimate before signing up with any debt settlement company. However, cost isn’t always the most important factor. It’s also important to consider what other customers have to say about their experience with the company.

What Services Do They Offer?

Lighthouse Finance Solutions is a company that specializes in debt settlement. Debt settlement is a process in which a lower payment amount is negotiated with creditors in order to fully satisfy the debt. When using a company such as Lighthouse Finance Solutions, they will handle the negotiation process and you will make regular payments into an escrow account that will eventually be sent to the creditor. This process can help make it easier to become debt free and can provide a more manageable payment plan.

Debt settlement is a great way to find relief from excessive debt. It is possible to have between 20-50% of your debt forgiven when working with a debt settlement agency such as Lighthouse. However, it is important to note that once the negotiation is complete, you will still need to make a full payment. The entire process typically takes 24 to 48 months, depending on your situation. On the plus side, Lighthouse offers very reasonable rates. Therefore, it may be worth looking into debt settlement as an option to pay off your debt and get on the road to financial freedom.

Reviews & Rating

We will review the feedback that Lighthouse Finance Solutions has received on the three most prominent review websites to get an idea of what people have experienced in their interactions with the company.

Google Reviews

In direct opposition to their BBB page, Lighthouse has a great number of positive reviews on Google. With more than 1,800 reviews, they have earned a remarkable 4.9/5 stars. Many customers have expressed admiration for the individual who assisted them throughout the process.

Many of the reviews are unclear, making it difficult to discern if they are about the person or about their experience with the debt settlement process. Nevertheless, there are glowing reviews from those who have gone through the process with Lighthouse Financial Solutions, which is both reassuring and encouraging. It was even mentioned that accounts were settled faster than anticipated!

Trustpilot

Ultimately, we will assess Trust Pilot. This review website has rapidly become popular among organizations and individuals alike. Regrettably, however, Lighthouse Finance Solutions does not seem to have a Trust Pilot page created. This implies that the only large review platform that Lighthouse Financial Solutions is utilizing is Google Reviews.

When looking into the company, Google appears to be the only platform providing significant feedback. This can be concerning, but it could be that Lighthouse Financial Solutions encourages their customers to review them on Google only. Not having an extensive web presence can be unsettling, so it is important to consider this before doing business with them.

BBB Rating

Incredibly, Lighthouse has only 4 reviews on the most popular online business review platform. Unfortunately, all of these reviews are 1-star ratings. It should be noted that it appears the reviewers were not aware of the services Lighthouse offer or were not contracted to do what they expected.

Lighthouse Finance Solutions: Final Thoughts

If you are worried about not being able to locate many reviews, rest assured that the ones that you can find are positive. If you are still considering working with Lighthouse Financial Solutions, we suggest contacting them to learn more about their services and the debt settlement process. They should be able to answer any of your inquiries.