Ridgestone Funding is a company that offers debt consolidation loans to consumers. So, is Ridgestone Funding a scam or legit? In this Ridgestone Funding review, we will take a close look at the company and its services to determine whether it is a good option for you.
Ridgestone Funding is not a lender. The company is actually a bait and switch scheme that tries to get you to sign up for their services by promising to consolidate your debts into one lower monthly payment. However, once you sign up for their services, they will direct you to an actual lender with high-interest rates, and hidden fees.
This is not a good option for anyone who is trying to get out of debt. There are much better options available that will actually help you consolidate your debts and lower your monthly payments.
1.5 out of 5.0 stars
Ridgestone Funding Pros and Cons
Debt consolidation loans have become increasingly popular in recent years as more and more people struggle to keep up with their debts. There are a number of different companies that offer these loans, but one of the most well-known is Ridgestone Funding.
Ridgestone Funding is not a lender, but rather a company that connects borrowers with lenders. This can be a good thing or a bad thing, depending on your perspective. On the one hand, it means that you may be able to get a lower interest rate than you would if you went directly to a lender. On the other hand, it also means that you could end up being bait-and-switched into a much higher interest rate loan.
There are a few things to keep in mind if you’re considering borrowing from Ridgestone Funding.
- First, make sure that you understand the terms of the loan before signing anything.
- Second, be aware that you may end up paying more in interest than you would with a direct lender.
- And finally, make sure you compare offers from multiple lenders before making a decision.
Do your research and carefully consider all your options before taking out a debt consolidation loan. It could save you a lot of money in the long run.
What is Ridgestone Funding?
Ridgestone Funding is not a lender, but rather a bait and switch scheme. The company will advertise a debt consolidation loan with a low-interest rate. However, if you decide to consolidate your debt through Ridgestone Funding lenders, the lender will then charge you high-interest rates and hidden fees that can end up costing you more than if you had gone with a traditional lender. In addition, Ridgestone Funding will often try to sell you other products and services that you may not need.
How does Ridgestone Funding work?
Ridgestone Funding is not a lender and instead works as a middleman between you and a lending institution. This means that if you’re approved for a loan through Ridgestone, the money will come from another source – not directly from Ridgestone.
Some people have accused Ridgestone of being a bait and switch scheme, because they may advertise loans with low-interest rates. But when you apply for the loan, you might not actually qualify for that rate.
The truth is, Ridgestone is just like any other middleman – they’re not the ones giving you the money, so they can’t control what interest rate you’ll end up with. It all depends on the lender that you’re matched with.
If you’re considering consolidating your debt with a loan, make sure to do your research and compare multiple offers before choosing one. And remember, even if you do get a lower interest rate through Ridgestone, you’ll still need to make monthly payments – so be sure that you can afford it before taking out a loan!
What is a debt consolidation loan?
A debt consolidation loan is a type of loan that allows you to consolidate multiple debts into one single debt. This can be beneficial if you are struggling to make payments on multiple debts each month, as it can help simplify your debt repayment process.
In addition, consolidating your debts into one loan may help you secure a lower interest rate, which could save you money in the long run. If you’re considering taking out a debt consolidation loan, be sure to do your research and compare different options before making a decision.
There are several things to consider before taking out a debt consolidation loan, such as whether or not it will actually save you money in the long run. In some cases, consolidating your debts could lead to an overall higher monthly payment. It’s important to sit down and look at your budget to see if a debt consolidation loan is a right option for you.
If you’re considering taking out a debt consolidation loan, be sure to do your research and compare different options before making a decision. There are several things to consider, such as whether or not it will actually save you money in the long run. In some cases, consolidating your debts could lead to an overall higher monthly payment.
It’s important to sit down and look at your budget to see if a debt consolidation loan is a right option for you. If you’re struggling to make payments on multiple debts each month, consolidating your debts into one single debt may help simplify your repayment process and secure a lower interest rate.
How to qualify for a Ridgestone Funding debt consolidation loan?
If you’re struggling to make ends meet each month and your debt is growing out of control, you may be considering a debt consolidation loan. But how do you qualify for one?
Ridgestone Funding is not a lender, they work with lenders in the industry to help clients get the financing they need. They’ve put together this guide to help you understand the process and what you need to do to qualify.
To start, you’ll need to have a good credit score. This is because lenders will use your credit score to determine whether or not you’re a good candidate for a loan. If your credit score is low, it’s likely that you won’t be approved for a loan.
Next, you’ll need to have a steady income. This is because lenders will want to see that you have the ability to repay the loan. If you don’t have a steady income, it’s likely that you won’t be approved for a loan.
Finally, you’ll need to have collateral. Collateral is something that you can use to secure the loan. This could be your home, your car, or some other asset. If you don’t have collateral, it’s likely that you won’t be approved for a loan.
If you’re considering a debt consolidation loan, make sure to do your research and understand the process.
What kind of debt consolidation program does Ridgestone Funding offer?
Ridgestone Funding is not a lender, but it can help you find the right consolidation program to fit your needs. They work with a network of lenders who offer debt consolidation programs to qualified applicants.
The first step is to fill out their online application. Once we have some basic information about your financial situation, one of their loan specialists will be in touch to discuss your options. We’ll help you compare offers from their lenders and choose the best program for your unique circumstances.
How much does Ridgestone Funding charge?
Ridgestone is not a lender, but they do charge fees for our services. The cost of our services is based on the amount of money you borrow and the length of time you need to pay it back. They also, charge a late fee if you miss a payment. You can find more information about our fees in their Terms and Conditions.
What is the minimum credit score for a Ridgestone Funding debt consolidation loan?
This is a question that we often get asked, and unfortunately, it is not an easy one to answer. The reason being is that Ridgestone Funding is not a lender. They are a matching service that connects borrowers with lenders who may be able to help them consolidate their debt.
So, what is the minimum credit score for a loan through their service? Well, that will depend on the lender you are matched with. Some lenders have higher standards than others and may require a minimum credit score of 700 or even 750. Others may be more lenient and only require a 600 credit score.
Who owns Ridgestone Funding?
Ridgestone Funding is not a lender. The owner is an anonymous shell company. The company is not accredited by the Better Business Bureau (BBB). There is no information about the owner of the company on the BBB website. This lack of transparency is troubling, especially given that Ridgestone Funding is in the business of lending money to people. When you’re borrowing money, you want to know who you’re borrowing from. You want to know that they’re a reputable lender who will treat you fairly.
How does Ridgestone Funding affect your credit?
If you’re considering using Ridgestone Funding to consolidate your debt, you may be wondering how it will affect your credit. Here’s what you need to know.
Ridgestone Funding is not a lender, so if you’re approved for funding, your loan will come from one of their lending partners. Because they are not the direct lender, applying for funding with Ridgestone will not result in a hard pull on your credit report. However, late payments on your loan will still be reported to the credit bureaus and could damage your credit score.
How to cancel Ridgestone Funding’s debt consolidation loan?
If you have decided that Ridgestone Funding is not the right lender for you, don’t worry – it is easy to cancel your debt consolidation loan. All you need to do is contact them and let them know that you would like to cancel your loan. They will then process your request.
However, it is important to remember that if you cancel your loan, you will still be responsible for repaying any outstanding debts that you owe. Therefore, it is important to make sure that you are certain about canceling your loan before proceeding. If you have any questions or concerns, please don’t hesitate to contact their customer service.
Who is Ridgestone Funding affiliated with?
Ridgestone Funding is not affiliated with the Better Business Bureau. This organization provides debt consolidation loans and other financial services to consumers. However, they don’t have an account with the BBB and that’s a big red flag. You should be wary of any organization that isn’t affiliated with a major watchdog like the BBB.
Ridgestone Funding BBB Reviews
When it comes to debt relief, one of the first places people often look for reviews is the Better Business Bureau (BBB). BBB accreditation is seen as a sign of trustworthiness, and many people assume that companies with a BBB account are more reliable than those without one.
Ridgestone Funding is one such company that doesn’t have a BBB account. This should be seen as a major red flag, as it’s likely an indication that the company is not on the up and up. If you’re considering working with Ridgestone Funding for debt consolidation loans or any other type of debt relief, you should be very cautious.
This company doesn’t have any Ridgestone Funding reviews on companies like Consumer Affairs, Yelp, BBB, etc.
Is Ridgestone Funding Legit or a Scam?
We’ve been getting a lot of questions lately about Ridgestone Funding and whether or not they’re legit. Unfortunately, we can’t say for sure one way or the other. However, there are some red flags that make us suspect that they may not be on the up and up.
For one thing, bait and switch tactics are a common complaint against them. They advertise low rates and then try to switch you to a lender with a higher rate once you’re already in the process.
Another issue is that they don’t have a BBB account. This isn’t necessarily a deal-breaker, but it’s definitely something to be aware of. It’s possible that they’re not accredited because they’re not a lender themselves, but rather a lead generation service.
So while we can’t say for certain that Ridgestone Funding is a scam, we would urge caution if you’re considering doing business with them. There are other, more reputable lenders out there that will give you a better chance of getting the loan you need.
Have you had any experience with Ridgestone Funding? We’d love to hear about it in the comments!
Thank you for reading!
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Ridgestone Funding Review
For one thing, bait and switch tactics are a common complaint against them. They advertise low rates and then try to switch you to a lender with a higher rate once you’re already in the process.
Another issue is that they don’t have a BBB account. This isn’t necessarily a deal-breaker, but it’s definitely something to be aware of. It’s possible that they’re not accredited because they’re not a lender themselves, but rather a lead generation service.
So while we can’t say for certain that Ridgestone Funding is a scam, we would urge caution if you’re considering doing business with them. There are other, more reputable lenders out there that will give you a better chance of getting the loan you need.
