Main Source Funding Review: Is It Legit Or A Scam? Find Out Here!

Main Source Funding works with a network of independent lenders who may be able to provide you with credit. The company doesn’t engage in the business of lending itself, but it can put you in touch with a lender if you need financing. They advertise their services at mainsourcefunding.com

2.0 out of 5.0 stars2.0

Main Source Funding Summary

Are you in need of a personal loan? You may have heard of Main Source Funding and are wondering what they are all about. Let’s take a closer look so you can make an informed decision.

Our investigation uncovered some interesting facts about their website and terms and conditions. Here are some of the things we found:

• Main Source Funding is not a lending institution and does not engage in any lending activities.
• A lender may choose not to give you a loan if, after reviewing your application, they feel you no longer meet the eligibility requirements.
• Annual Percentage Rates (APR) range from 2.92% (AAA) to 4.99% (DD+).
• To qualify for an AAA Main Source Funding Rating, you must have excellent credit and meet other conditions.
• Main Source Funding does not provide services to residents of South Dakota.

What is Main Source Funding?

Main Source Funding is a company that can help you get the loan you need. They work with a network of independent lenders who are willing and able to provide the credit you need. Personal loans and debt consolidation services are advertised on their site.

Main Source Funding has been in business for 6 years. They are located at 101 S Reid St # 307 Sioux Falls, SD and you can contact them by calling (877) 380-5760.

Main Source Funding has a rating of B- from BBB, but this business is not accredited by BBB. There have been an average of 2 customer reviews and 1 complaint closed in the last 3 years.

How does Main Source Funding work?

Main Source Funding works by connecting borrowers with a network of independent lenders. If you meet the criteria set forth by Main Source Funding, they may be able to match you with one or more of these lenders. Each lender has its own set of standards and may decline to extend credit to you if they determine that you do not meet their criteria.

Loan laws differ from state to state, so customers may qualify for loans of varying amounts and terms. Creditworthiness can also affect these factors.

How to qualify for Main Source Funding?

At Main Source Funding, they offer a free consultation and a quick approval process. All you need to do is fill out our online form and provide some basic information about your financial history and employment status. Once your application has been reviewed, one of our team members will determine whether or not you qualify for an account. Creditor approval is based on several factors, but ultimately it comes down to whether or not they believe you will be able to repay what you borrow.

Main Source Funding BBB Reviews

BBB has given a B- rating to Main Source Funding, but this company is not accredited by BBB. In the last 3 years, they have had an average of 2 customer reviews and 1 complaint.

Here are some reviews:

Kim L 12/02/2019

5.0 out of 5.0 stars5.0

Great experience! Helped me get a ton of my unsecured credit card debt consolidated and I’m saving a few hundred a month now on my overall debt which means I’ll be debt free in less than two years. I’m really happy I chose Pacific National Funding as my debt relief partner and I’d definitely recommend them to anyone looking to save a few extra bucks (or a lot, as was in my case) each month! My credit wasn’t great and I DID respond to an offer of credit, which they walked me through getting approved for.

I suppose I’d be bitter also if I got an offer in the mail and then wasn’t qualified but that wasn’t my experience at all. I most definitely would recommend anyone looking to lower their payments with a personal loan to talk to Pacific First. I thought I was going to have to either do a settlement program or bankruptcy but thankfully they helped me secure financing so I should be out of debt a lot sooner than I ever expected.

I suggest you speak with them and their representatives since it doesn’t cost anything to get an evaluation of your financial situation and find out just exactly what you can qualify for. Saying ‘no thanks’ is free, and taking advantage of their skill and a great loan opportunity is priceless.

Main Source Funding FAQs

How much does Main Source Funding charge?

We thoroughly searched the Main Source Funding website to try and find out how they get paid but were unable to find any information. There is no disclosure of fees anywhere on their site.

Are there any pre-payment penalties?

With Main Source Funding you’ll have a variety of personal loans available, each with different terms and conditions. Some loans allow for early repayment or overpayment, while others have strict payment schedules.

Does Main Source Funding affect your credit score?

Before you commit to a loan, it’s important to understand the potential impact on your credit score. A free consultation with a lender shouldn’t affect your score, but proceeding with the loan and allowing the lender to check your credit could lower it. Therefore, knowing the consequences of each step is crucial in managing your overall credit health.

How to cancel Main Source Funding?

There are many benefits to taking out a personal loan, but it is important to understand the terms and conditions before doing so. Once the money has been deposited into your account, you cannot cancel or reverse the loan. So, be sure to only take out a loan if you are absolutely certain about it. Otherwise, you may end up in a difficult financial situation.

Are you finding it difficult to make ends meet? Here is some advice that may help you regain control.

• It’s important to be mindful of your spending and stick to a budget. This will help ensure you only spend what you can afford, and avoid getting into a difficult financial situation.
• Talking to a financial advisor can give you insights and options according to your budget and individual circumstances.
• Reach out to their customer service team: They may be able to help arrange a payment plan that is more manageable for you.

Is Main Source Funding Legit or a Scam?

Our research has revealed that mainsourcefunding.com deserves a 2-star rating. Although the company has a B- rating with the BBB, they are not accredited by the organization.

Before deciding on a company to do business with, it is important to research the businesses thoroughly and read customer reviews. This will ensure that you are making the best decision for your needs.

What are your thoughts on Main Source Funding? Have you had any experiences, good or bad, that you’d like to share? We’d love to hear from you in the comments below.​ ​​​​​​​​​​​​​​

Thanks for reading!

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