Money Ladder
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Money Ladder is a debt resolution company that has received much attention lately. Some people say it is a scam, while others say it is legit. So, what is the truth? In this Money Ladder review, we will take a closer look at the company and see if it is worth your time and money.

This company offers debt settlement programs through its network of trusted partners. It is not a direct lender, but it works with partners to resolve your debt as quickly as possible.

However, there are some drawbacks to using this company.

  • Many people who can stick with a debt relief program and get all their debts settled end up saving around 46% on their total debt before fees are taken into account. Including fees, the average savings is closer to 20%.
  • Not all debts can be enrolled. Some restrictions may apply.
  • They do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a particular time.
  • Not available in all states.

Overall, Money Ladder is not a bad option, but there are some things you should keep in mind before you decide to use them.

Money Ladder Review: Is It Legitimate or a Scam? Find Out Here! 1

Money Ladder Pros and Cons

Money Ladder advertises itself as a company that can help you resolve the debt. However, it is essential to note that Money Ladder matches you with different settlement companies.

One of the most significant drawbacks of using a service like Money Ladder is that there are no BBB Reviews. It means there is no way to know whether the company offers a good service or not.

Additionally, debt settlement can help you get your finances on track, but it is crucial to understand its effects on your credit score. A drop of more than 100 points can stay on your report for seven years, and closed accounts as part of the settlement may cause your credit utilization to rise, which would also lower your credit score.

If you are considering using Money Ladder to resolve your debt, it is essential to weigh the pros and cons carefully. Make sure you do your research before making any decisions.

Money Ladder Review: Is It Legitimate or a Scam? Find Out Here! 2

What is Money Ladder?

Money Ladder advertises itself as a debt resolution company. They will match you with one of their partners that offer debt settlement services. They also provide services like the “life success program” If you’re considering using their services, be sure to look into all of your options first and compare them to other companies.

They also advertise personal loans on their mailers; however, for these loans, Money Ladder will submit the information you provided to a third-party lender or lenders for an unsecured personal loan.

It may be a good option for some, but not everyone. Weigh your options carefully before making a decision.

How does Money Ladder work?

In most cases, you won’t have to pay any upfront fees and won’t owe anything until your debt is resolved. “Resolved” means that their partners have successfully negotiated with your creditors to lower your debt. Clients who stay with the program and get all their debt settled typically save around 46% before fees or 20%, including fees.

All claims are based on enrolled debts. Not all debts can be enrolled. Not all clients complete their program for various reasons, including their ability to save sufficient funds. Estimates are based on prior results, which will vary depending on specific circumstances. They can’t guarantee that your debts will be lowered by a particular amount or percentage or that you will be debt-free within an exact time.

What is the APR For Money Ladder Loans?

Loans vary in amount from $5000 to $50000 and term from 12 to 60 months. Annual Percentage Rates (APRs) and Interest Rates may be as low as 4.95% or as high as 35.99%, depending on a variety of factors such as the lender, employment verification, income, creditworthiness, and other underwriting criteria established by the lender.

How to qualify for Money Ladder?

Money Ladder Review: Is It Legitimate or a Scam? Find Out Here! 3

You may be eligible for a debt relief program if you’re struggling to make ends meet due to credit card debt. With this program, you’ll make monthly payments into a settlement fund, which will then be used to pay off your creditors. For many people, the monthly payment required for a debt relief program will be lower than the total they previously paid each month on their credit cards. It can provide much-needed financial relief and help get your debt under control.

What kind of services does Money Ladder offer?

The Money Ladder offers a Financial Literacy Program and Life Success Program to provide you with the education and resources needed to thrive financially. The programs cover budgeting, saving, investing, credit and debt management, and more.

How do you pay back Money Ladder?

Money Ladder Review: Is It Legitimate or a Scam? Find Out Here! 4

Their site states, “We will never make you pay for debt management services until you get the results you deserve from your program.”

If you can stay in the program and settle all of your debt, you can expect to pay an average of 26% on fees.

It’s important to remember that debt negotiation is a tool to help you get out of debt, not a magic wand. You will still need to be disciplined with your spending and make sure you don’t rack up new debt. But if you’re struggling to manage multiple credit card debts with high-interest rates, settling your debt could help you save money and become debt-free sooner.

They offer debt counseling and education, so you can learn how to manage your money and avoid debt in the future.

What is the minimum credit score for a Money Ladder loan?

Money Ladder reviews your credit history to make sure you’re eligible. But, there is no minimum credit score requirement. Keep in mind Money Ladder can only settle unsecured debt like credit cards or personal loans. It can’t do a thing about your mortgage or auto loan.

How does Money Ladder affect your credit?

They may carry out a soft credit check to assess which offers you may be eligible for. It is similar to what other financial companies do before making their first offer.

Soft inquiries don’t have any impact on your credit scores.

How to cancel Money Ladder?

Money Ladder Review: Is It Legitimate or a Scam? Find Out Here! 5

A debt settlement contract may seem like a way out. However, knowing that these contracts can be challenging to get out of once you’ve signed them is essential. If you haven’t made any payments, it may be easier to cancel the contract. However, if you have already sent funds to the company, likely, you won’t be able to get your money back.

In addition, you should contact your bank and inform them that you are terminating any agreement that allows a debt settlement company to draft fees directly from your account. It is important to do as soon as possible to avoid unwanted or unauthorized charges.

  1. You’ll need to notify your creditor and debt settlement company if you want to cancel unless your debt settlement agreement has reached the end of its term. If you cancel before the expected date, you may have to pay penalty fees. In some cases, the debt settlement company may waive these fees.
  2. You’ll need to follow the company’s specified cancellation process. This usually involves sending a notice of intent to exit the contract and continuing to make your original monthly debt payments. Keep in mind that simply providing your debt settlement company or financial institution with notice of your intention to cancel doesn’t automatically trigger the process.
  3. The third step to getting out of debt is to pay any outstanding fines. If you don’t make the required payments, you could find yourself in a legal bind. To avoid this, be sure to exit your contract with the debt settlement company.
  4. Now that you are no longer bound by a contract with a debt settlement company, you will need to meet with your creditors. You will need to let them know of your plans to repay the outstanding debt. You have two options here: renegotiate for new terms on the original debt agreement, or make payments according to the original agreement. Any missed or owed payments will need to be paid at this time.

Money Ladder BBB Reviews

Money Ladder has an A+ BBB rating and is accredited since May 19, 2022. It’s been in business for 16 years but it has been incorporated since 2017. There are no reviews or complaints on their BBB account. However, we did find some Trustpilot reviews.

Overall, reviewers have had a mixed experience with Money Ladder.

Here are some of their Trustpilot reviews:

Gloria Ferreira Jun 21, 2022

We were drowning in credit card debt along with inflation and my husband’s illness could barely pay for daily expenses. It sounded too good to be true that there was help out there with this company! I’m so glad we took a leap of faith! Our payments are lower and we can finally sleep at night!
Thank you so much for bringing relief to our family!

Stan Watson Jr Jul 14, 2022

I contacted Money Ladder and they seemed very professional. I looked up online and found out they are legitimate. I always worry. I am happy with the money I saved and would recommend them to my family. Thank you, Jennifer and Anna.

Stan Watson Jr Jul 14, 2022

I contacted Money Ladder and they seemed very professional. I looked up online and found out they are legitimate. I always worry. I am happy with the money I saved and would recommend them to my family. Thank you, Jennifer and Anna.

J WALKER Jul 14, 2022

Apply to lenders directly. Money ladder is a company that will ask you questions over the phone, then submit your application to lenders. But, be aware, they will charge you 9.9% of the total of your loan. That’s the percentage that goes to the money ladder once you use them. So it’s better to just apply for loans directly to lenders like SoFi, Best Eggs, etc. Stay away from companies like this.

Is Money Ladder Legit or a Scam?

If you’re considering using Money Ladder to help with your debt, you may be wondering if the company is legitimate.

Money Ladder is a legitimate company. There are mixed reviews about moneyladder.com online. Some people report Positive experiences with the company, while others have found it difficult to work with Money Ladder and say they didn’t receive the results they were hoping for.

If you’re considering using Money Ladder to help resolve your debt, it’s important to do your research and understand all of your options before making a decision. Be sure to read reviews from multiple sources.

The bottom line is that if you’re considering using Money Ladder to help with your debt, you should do your research to make sure it’s the right decision for you.

Have you used Money Ladder? Tell us about your experience in the comments below!

Thank you for reading!

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Money Ladder Review

There are mixed reviews about Money Ladder online. Some people report Positive experiences with the company, while others have found it difficult to work with Money Ladder and say they didn’t receive the results they were hoping for. If you’re considering using Money Ladder to help resolve your debt, it’s important to do your research and understand all of your options before making a decision. Be sure to read reviews from multiple sources.

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