Pacific National Funding Review: Is It a Scam Or Is It Legit?

Pacific National Funding works with a network of independent lenders who may be able to provide you with credit. They do not engage in the business of lending themselves, but the company can put you in touch with a lender if you need financing. They advertise their services at pacificnationalfunding.com

Pacific National Funding Summary

When it comes to personal loans, Pacific National Funding is a name you may have come across. But what exactly is this company all about? We took a closer look to find out.

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

• Pacific National 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+).
• Flexible terms from 12 months up to five years.
• To qualify for an AAA Pacific National Rating, you must have excellent credit and meet other conditions.
• Pacific National Funding does not provide services to residents of South Dakota.

What is Pacific National Funding?

If you’re looking for a loan, Pacific National Funding can help connect you with independent lenders who may be able to provide the credit you need. They work with a network of lenders, so even if one lender turns you down, there are others who may be willing and able to help. The company advertises personal loans, debt consolidation, and debt settlement services on its site.

Pacific National Funding does not have a rating from the Better Business Bureau, but they are verified with Trustpilot and have a 4.6 rating with over 50 reviews.

The company can be reached via email at [email protected] or by phone at 877-353-1049. They are located at 101 S Reid St., Sioux Falls, SD.

How does Pacific National Funding work?

Pacific National Funding works by connecting borrowers with a network of independent lenders. If you meet the criteria set forth by Pacific National 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 Pacific National Funding?

Applying for an account with Pacific National Funding is quick and easy. All you need to do is fill out an application form and provide some basic information about your financial history and employment status. Once your application has been reviewed, their team 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.

Pacific National Funding BBB Reviews

Given the lack of a rating from the Better Business Bureau, it is difficult to ascertain the trustworthiness of Pacific National Funding. However, they are verified with Trustpilot and have a 4.6 rating with over 50 reviews.

Here are some reviews:

Carly Chamberlayne Jun 22, 2020

I thought it was going to be a lengthy process doing it over the phone but both customer service representatives were very helpful and took me through step-by-step and it was very fast and easy. I appreciate all the time they took to answer all of my questions about everything.

KC Oct 30, 2020

Pacific national funding is by far the worst business I have ever dealt with. I called them to consolidate close to $50,000 worth of debt. I asked a few simple questions regarding the length of the term, what it reports on the credit bureau, what type of loan it is, and the interest rate. The person who answered the phone said someone would be in touch with me soon from a New York caller ID number.

That the person could answer all of those questions. I got a call a few minutes later from A place in Henrietta Missouri, I am from Missouri. I thought that was weird because no one responded or said anything on the line. 20 minutes later I get a call from a New York number by a rep named Jason. 

Pacific National Funding FAQs

How much does Pacific National Funding charge?

We thoroughly searched the Pacific National 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 Pacific National 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 Pacific National Funding affect your credit score?

Although a free consultation with a lender will not affect your credit score, proceeding with the loan and allowing the lender to check your credit could lower your score. Therefore, knowing the impact of each step is crucial in managing your overall credit health.

How to cancel Pacific National Funding?

Personal loans can be a great way to get the money you need, but it’s important to be aware of the terms and conditions. Once the funds have been deposited, you can’t cancel or reverse the loan. So, if you have any doubts or second thoughts about the loan, be sure to cancel it prior to the money being disbursed.

Do you find yourself struggling to make ends meet? Here is some advice that may help you regain control.

It’s never too late to get your finances in order. Developing a budget and sticking to it is a great way to make sure you’re only spending what you can afford. This will help you avoid getting into a difficult financial situation.

Creating a budget can seem daunting, but there’s no need to go at it alone. A financial advisor can assist you with exploring your options and developing a plan that is right for your circumstances.

Even if you’re already in debt, don’t give up hope. Many companies are willing to work with customers to arrange a more manageable payment plan.

Is Pacific National Funding legit?

Although pacificnationalfunding.com is not accredited by the Better Business Bureau (BBB) or rated by them, 50 reviews on Trustpilot give them a 4.6 out of 5 ratings and verify their legitimacy as a company.

But before you make any decisions, it is important to do your research and read as many reviews from customers as possible. That way, you can be sure you’re making the best decision for your needs.

Have you had any experience with Pacific National Funding? We’d love to hear about it in the comments below.

Thank you!

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