The following comparison will help you decide whether Pacific Debt Relief vs Tripoint Lending is the right lender for you, regardless of whether you need a personal loan or require assistance with resolving your debts.
Pacific Debt Relief Review: There Is A Reason They Are Ranked #1
The Pacific Debt Relief company has assisted people in reducing their unsecured debt since 2002. With an A+ rating from the Better Business Bureau, they have helped thousands of people get out of debt. Can Pacific Debt Relief be trusted? Do you know if this company is legitimate? Let’s analyze Pacific Debt Relief’s services, fees, and history to determine if it is the right debt relief company for you.
The company provides debt consolidation services for unsecured debts, including credit cards, medical bills, and personal loans. The company has a team of debt counselors who will assist you in developing a debt consolidation plan that fits your budget. They will negotiate lower interest rates and monthly payments with your creditors once you enroll in their program. If you are having difficulty making payments, they will work with you to find a solution.
The experience of Pacific Debt sets it apart from other debt consolidation companies. Since their establishment more than 20 years ago, they have helped thousands of people to resolve their debt problems. It is Pacific Debt’s mission to help clients pay off their unsecured debts.
Are Pacific Debt Relief’s services fraudulent? I am not aware of any scams associated with this company. They are a legitimate debt consolidation company with many years of experience helping people reduce unsecured debts. The Pacific Debt Relief program is an excellent option for debt relief.
- You can monitor your account online easily.
- There is a possibility of saving up to 35% after fees
- Consultation is free, and there are no upfront costs
- Staff who push you to make a decision too quickly
- The average consumer saves less than 15% after fees
- To use Pacific Debt’s relief program, you must live in a state where the company operates.
What Is Pacific Debt Relief?
In debt relief, debt is reduced or eliminated. Various methods can be used to accomplish this, including negotiation, settlement, or bankruptcy. Over $10 billion in outstanding debt has been settled and resolved by the firm since 2002. Their debt relief services have helped thousands of people get out of credit card and medical debt.
Consumers who have trouble making minimum payments and are concerned about reducing their debt payments should choose this debt settlement company.
Several reasons may lead to a person’s need for debt relief. You may have lost your job and can’t make your payments. Maybe you’re unable to work because of a medical emergency. Regardless of the reason, they can assist you.
Their goal is to find a solution that fits your needs and budget. They have an 85% success rate, so you can rest assured they’ll do their best to help.
How Does Pacific Debt Relief Work?
Pacific Debt Relief is a debt settlement company that works with consumers who are struggling with unsecured debt, such as credit card debt, medical bills, and personal loans. Here’s how Pacific Debt Relief generally works:
- Consultation: Consumers start by scheduling a free consultation with Pacific Debt Relief, during which a debt specialist will review their financial situation and provide an assessment of whether debt settlement is a good option for them.
- Enrollment: If the consumer decides to proceed with Pacific Debt Relief, they will enroll in the program and begin making monthly deposits into a designated account. These deposits are intended to accumulate funds that will be used to settle the consumer’s debts with creditors.
- Negotiation: Pacific Debt Relief will negotiate with creditors on behalf of the consumer to try to reduce the amount owed. The goal is to reach a settlement agreement where the consumer pays a portion of the debt owed, and the creditor agrees to forgive the remaining balance.
- Settlements: Once a settlement agreement is reached, Pacific Debt Relief will use the funds accumulated in the designated account to make payment to the creditor.
- Completion: After all enrolled debts have been settled, the consumer completes the program and is debt-free.
It’s important to note that debt settlement can have negative consequences on a consumer’s credit score and may not be the best option for everyone. It’s important to research all options and speak with a financial professional before enrolling in a debt settlement program.
Pacific Debt Summary
- Licensed by the American Fair Credit Council, Better Business Bureau, Consumer Affairs, and International Association of Professional Debt Arbitrators
- Customer service representatives are available for free phone or online consultations.
- The cost is 15% to 25% of the total debt enrolled. The fees vary from state to state.
- Contact us by phone or email.
- Accepted debts include all unsecured debts except consumer finance loans, payday loans, legal judgments, and medical debts not already in collections. The minimum debt considered is typical $10,000
- Several free resources are available, including an informative blog on debt management.
- There are only 25 states where Pacific Debt services are available
- Direct negotiation of debt settlement is offered as a service
- The BBB has an A+ rating, and Trustpilot has a 9.3 rating.
- It may take 24 to 48 months to complete
How To Qualify For Pacific Debt Relief
You may be seeking debt relief companies to help you manage your debt. What are the requirements for such a loan? You can qualify for Pacific Debt Relief by following these steps.
To qualify for a debt settlement plan with Pacific Debt Relief, you must have a minimum of $10,000 in debt and a maximum of $100,000 in debt.
Pacific Debt Relief offers debt relief to people who meet these qualifications. Compared to other debt relief companies, the process is straightforward and can help you get out of debt quicker.
How To Sign Up With Pacific Debt
Enrolling in a debt settlement program begins with a telephone consultation with a certified debt specialist who will ask about your financial situation and determine if the program is right for you.
Here’s how you can arrange a free consultation with a Pacific Debt rep:
- Visit Pacific Debt Inc.’s website
- Get in touch with a debt specialist by clicking Free Consultation
- Once you have selected your debt amount, click on See Savings to see how much you can save
- Choose the amount you are behind on your payments
- Select the state where you reside
- Enter all relevant contact information, then click Submit
How Much Does Pacific Debt Relief Charge?
This depends on the amount of debt you have and the type of repayment plan you are considering. Typically, their fees are 15-25% of the enrolled debt, so if you have $10,000 in debt, you can expect to pay us $1,500 to $2,000.
You will have to determine your monthly payment based on the terms of your debt settlement plan. Their services are free of charge upfront. If you are looking for debt settlement services without hidden fees, Pacific Debt may be the right choice for you.
What Could You Save With Pacific Debt Relief?
Looking into Pacific Debt Relief might be a good idea if you want to reduce your debt. An average savings of 50% could save you a lot of money. It is essential to keep in mind that this is before any fees are taken into account.
See If You Qualify for Credit Card Relief
See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.
After fees are taken into account, an average savings of 15% to 35% can be achieved. Therefore, Pacific Debt Relief may not be the best option for you if you are trying to save the most money possible. Nevertheless, Pacific Debt Relief may be a good option if you are willing to sacrifice some savings for the convenience of working with a reputable company.
How Long Does It Take For The Pacific Debt Relief Program To Begin Resolving Your Debt?
Pacific Debt Relief claims to help you get out of debt as soon as possible through its program. They will negotiate a debt relief plan with your creditors once you enroll in the program.
It usually takes them 12 to 36 months to settle their clients’ debts. They will assist you in creating a budget and payment plan that meets your financial needs. It is possible that they can negotiate with your creditor a lower interest rate or monthly payment amount if you are having trouble making payments on your credit card debt.
How Does Pacific Debt Relief Affect Your Credit?
Debt relief can damage your credit score; it’s no secret. However, you may not be aware of how Pacific Debt Relief affects your credit.
Pacific Debt Relief will negotiate with your creditors on your behalf to lower your monthly payments and/or interest rates when you enroll in a debt relief program. The process of settling debt is known as debt settlement.
Your creditors will receive monthly payments from you instead of receiving them directly if they accept their debt settlement offers. Your payments will be held until the debt can be paid.
Upon paying off your debt, they will report it to the credit bureaus as “settled.” Your credit score will be affected. It is important to note that debt settlement is still better for your credit than bankruptcy.
How To Use Pacific Debt Relief’s Website
There is a great resource on Pacific Debt Relief’s website if you are looking for debt relief. Listed below are some tips on how to make the most of it.
To begin, head to the “Calculate Your Savings” tool. You will be able to determine how much you could save. Check out the “Success Stories” section next. It’s great to see real-life examples of how Pacific Debt Relief has helped people.
Finally, please review the “Frequently Asked Questions” section. You will be able to learn more about the debt settlement industry and how Pacific Debt Relief can help you.
Follow these steps, and you’ll be well on debt relief.
Pacific Debt Relief BBB Reviews
Pacific Debt Relief has a BBB rating that may be of interest to you if you consider using them to help you with your debt. Check out the BBB rating of Pacific Debt Relief, as well as their complaints history.
Better Business Bureau has been an accredited debt relief company, Pacific Debt Relief, since 2010. They maintain an A+ rating and have had three complaints closed in the last three years, with only one complaint closed in the past 12 months. This record indicates that they are generally responsive to complaints filed against them.
To help you get your finances back on track, Pacific Debt Relief’s BBB rating is something you can consider. To get a better understanding of the company, be sure to review its complaints history.
Here are some Pacific Debt Relief BBB reviews:
Brian D 07/22/2022
William C 02/14/2023
Steve F 02/11/2023
Is Pacific Debt Relief Legit?
This is a common question that many people ask themselves. Many people wonder if this company is legit and if it settles millions of dollars in consumer debt each month.
There is no doubt that Pacific Debt Relief is a legit company that has helped thousands of people get out of debt. Over 20 years in business and an A+ rating with the Better Business Bureau. The company only serves half of the states nationwide, a severe drawback.
Even so, pacificdebt.com is a good choice if you’re looking for a legit company to help you get out of debt. In conclusion, if you are seeking a legit company that will assist you in resolving your debt, Pacific Debt Relief is a great choice; we highly recommend them.
TriPoint Lending Review: Is It A Scam Or Legit? Read Our Review First
Licensed as a California Finance Lender, Alleviate Financial, LLC, dba TriPoint Lending is a marketing lead generator. The company advertises personal loans on its website, tripointlending.com.
Tripoint Lending Summary
In recent months, Tripoint Lending has gained popularity. But what is their purpose? Upon investigating, we awarded them 2.5 stars based on our research.
Our investigation of their website and reading through the fine print revealed some exciting information.
- The annual percentage rate (APR) offered by TriPoint Lending is between 5.49% (AA) and 30.00% (AA).
- It is possible to obtain a loan for as little as $10,000.00. You can get a loan of up to $100,000.00.
- Your eligibility for credit is not guaranteed, and you must meet other requirements.
- From time to time, TriPoint Lending or its third-party affiliates may contact you by e-mail, telephone, SMS, or other means, both physical and electronic.
What Is TriPoint Lending?
TriPoint Lending is a California-based financial company that offers relief to its clients through marketing lead generation and loan services. With four years of experience, TriPoint Lending has helped many people ease their financial burdens and get back on track. Located in Irvine, CA, TriPoint Lending is dedicated to providing excellent customer service and support. For more information or to contact us, please call (800) 307-1789.
TriPoint Lending has an A+ rating from the Better Business Bureau. The company has been accredited since 2018 and has an average of 221 customer reviews. Nine complaints have been resolved in the last three years.
How Does TriPoint Lending Work?
TriPoint Lending offers fixed-interest loans, which means your monthly payments will remain the same. To get started, choose the loan that best meets your needs. You can receive your funds within minutes after applying. It is not guaranteed that you will be eligible, and you must meet credit and other requirements.
How Much Does TriPoint Lending Cost?
TriPoint Lending offers first-time borrowers rates ranging from 5.49% APR to 30.00% APR.
The company offers rates as low as 35.99% APR to customers who come to us by way of paid advertisements on Google or Bing – and the payment term ranges from 61 days to 180 months. In addition to your credit score, the amount you borrow, the repayment term, and your credit history, your final rate will be determined by your credit score, the amount you borrow, and your credit history.
Tripoint Lending Reviews
Tripoint Lending has an A+ rating with the Better Business Bureau, a well-respected and accredited company. Since 7/10/2018, they have been accredited and have received an average of 221 customer reviews. In the last three years, nine complaints have been resolved.
Here are some TriPoint Lending BBB Reviews:
Gimli3384 X 09/29/2022
From what I am seeing, this is a big a** scam. All the 5-star reviews look like robot responses. The mailer I got in the mail even says personal loan. If it were real, then I would have gone for it, but now there is no way I’m taking a risk like this with my credit.
Joseph W 09/29/2022
All 5 Star ratings must be from people that work for or know someone that works for Tri-point. I get letters in the mail almost monthly, with my pre-qualified amount getting larger every month. When I called in to speak to someone, I made it a point to tell them it was a loan that I would use to pay off other debt and use some for home improvements.
Like others have said, they try and get you to agree to a debt consolidation loan which is not what they advertise in the letter they send out. when talking to “***,” he stated, “it only looks like a consolidation loan, but it was not.” I asked to speak to a supervisor, and the supervisor said the same when I told them I was not interested. The supervisor used a few choice words and said to me that if I didn’t know what I wanted, I would quit wasting their time.
I wouldn’t recommend this company to anyone. Use the resources you have to find a better company to work with. I hope they get fined or sewed for false advertisement and try to take advantage of people in the hard times and act like they are better than the people they claim to help. Please do yourself a favor and find another company. there are plenty out there.
Aaron C 09/29/2022
********* is an awesome guy who handled everything precisely as you should, explained everything you needed to know, and made the process painless! Thank you ********
Christopher B 09/22/2022
I had a fantastic experience with TriPoint Lending. In particular, the Client Advocate, ******************, was outstanding and is honestly deserving of huge corporate advancement. ******* was well within all professional courtesies for all our scheduled appointments, was extremely knowledgeable and understanding, and explained and answered all my questions in detail.
It was apparent she had my best interest at heart! In the end, though, I decided to forgo the assistance that included a fully approved loan that ******* worked to put together and get approved. Still, ******* was right there to say she fully understood my decision (after all her hard work and time consumed) and wanted me to reach out to her if I needed any credit/debt assistance in the future. I will go nowhere else if I pursue service in the future. Thank you, TriPoint, for putting such a great advocate on your staff, and thank you, *******, for all your help. It made a huge and lasting impression on me!!
How To Qualify For Tripoint Lending
You may be eligible for their offer if you meet specific credit and other conditions, including:
(a) Maintaining the criteria for this offer;
(b) Having a credit report and history that meets our established criteria;
(c) Having a monthly debt-to-income ratio below 50%;
(d) Being employed for at least one year.
Eligibility is not guaranteed.
How Does TriPoint Lending Affect Your Credit?
When you’re looking to take out a personal loan, one thing to be aware of is that lenders will usually make a hard inquiry into your credit history. This can potentially lower your credit score by around five points.
Are There Any Pre-payment Penalties?
If you pay off your loan early, you will not be charged any additional fees or penalties. The amount of interest you pay is based on the outstanding balance of your loan, so making early payments will also reduce the amount of interest you owe. Any fees already paid, such as origination or processing fees, are non-refundable.
Does Pre-Approved Mean That You Are Guaranteed Approval?
If you respond to TriPoint Lending‘s offer and it is determined that you no longer meet the criteria for creditworthiness, your loan application may be denied. This can happen if your credit score has gone down recently. They also won’t have your income information until you apply for a loan, so your application could be rejected if you don’t make enough money to support your loan payments.
How To Cancel Tripoint Lending
If, before approval, you decide that taking out a personal loan is not suitable for you, cancel the process. However, once loan approval is received, the disbursement will follow, and at that point, a cancellation is no longer an option.
Is Tripoint Lending Legit Or A Scam?
Although Tripoint Lending has an A+ rating on the BBB, they have mixed reviews online. Some people have had positive experiences with the company, while others have found them less than legitimate.
Tripoint Lending appears to be a legitimate company based on our comprehensive research. However, as with any company you do business with, we advise that you read customer reviews and do your research before making a decision.
Do you know anything about Tripoint Lending? Please share your thoughts and experiences in the comments section below.