Safestone Financial is a company that offers debt consolidation services. Some people have had great experiences with them, while others have had horrible experiences. So what’s the truth? Is Safestone Financial a scam? Check out our Safestone Financial review for a complete overview.
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $10,000
- No Minimum Credit Score
- $3 billion+ debt resolved
- Minimum Debt $7,500
- No Minimum Credit Score
- $500 million debt resolved
- BBB A+ Rating
Safestone Financial is not a lender. They are lead generators. That means that they sell your personal information to lenders. This is how they make their money. So, if you’re considering using Safestone Financial, be aware that your personal information will be sold to third-party lenders.
Customer reviews and reputation
Safestone Financial has received an A+ rating from the Better Business Bureau, but the absence of customer reviews on the BBB website may cast doubt on the company’s standing and trustworthiness.
What’s even stranger is that there’s no Trustpilot account for Safestone Financial either. Again, this is very unusual for a financial company.
The lack of BBB customer reviews and Trustpilot account makes us wonder about the legitimacy of Safestone Financial. We would be very careful before doing business with them.
BBB Reviews:
The company has an A+ rating on the Better Business Bureauy. However, the fact that there are no customer reviews available on the BBB website raises some questions about the company’s reputation and credibility. While it is possible that the company may not have received any reviews due to its relatively new status or limited customer base, potential customers may want to consider conducting additional research and seeking out other sources of feedback before making a purchase or engaging with the company.
How does Safestone Financial work?
The company sells your information to other lenders, which means you may end up getting multiple unsolicited offers for loans and credit cards. Additionally, Safestone uses bait-and-switch tactics to get leads. The company will advertise a low-interest rate, but when you apply, you’ll be offered a higher rate.
This is how Safestone makes its money – by tricking people into paying more than they need to. If you’re considering using this company, beware of these practices and consider another lender instead.
What kind of loans does Safestone Financial offer?
Safestone Financial advertises personal loans, business loans, and debt consolidation loans on its website. Some customers have complained that the interest rates on their loans are much higher than what was advertised. Others have said that they were not able to get the loan amount they needed. Overall, you should be careful if you are considering taking out a loan with this company. There are other options available that may be better for you.
Legitimacy and potential risks
When evaluating the legitimacy of Safestone Financial, it is best to take a look at the company’s history and reviews. The company has been in business since 2013. It is also important to read reviews from past customers to get an idea of their experience. Reviews of Safestone Financial can be found online, and it is a good idea to read multiple reviews from independent sources to make sure the reviews are accurate.
Unsecured personal loans and their impact on credit
In addition to evaluating the legitimacy of the lender, it is also important to understand the potential risks and rewards of taking out an unsecured personal loan. Unsecured personal loans are loans that do not require any collateral, such as a car or home, to secure the loan. This means that if the borrower defaults on the loan, the lender does not have any recourse to recover the money. However, this also means that the interest rates may be higher than with a secured loan.
The potential rewards of taking out an unsecured personal loan include the ability to borrow money quickly and without any collateral. Additionally, unsecured loans are often used to consolidate debt, which can help improve a person’s credit score over time.
Finally, it is important to understand the impact an unsecured personal loan has on your credit report. Taking out an unsecured personal loan will result in a hard inquiry, which can temporarily lower a person’s credit score. Additionally, if the loan is not repaid on time, this can also negatively affect a person’s credit score. It is important to consider these risks before taking out an unsecured personal loan.
In conclusion, Safestone Financial is a legitimate lender offering unsecured personal loans. It is important to evaluate the company’s credit history, and read reviews to ensure that it is a legitimate lender. Additionally, it is important to understand the potential risks and rewards of taking out an unsecured personal loan, as well as the impact it can have on credit. Taking the time to assess these factors can help ensure that taking out an unsecured personal loan is the right decision.
Safestone Financial Scam?
Safestone Financial is representative of what is plaguing the debt relief industry. Direct mail with low rates, selling leads for loans and bait and switch tactics to turn the customer into a debt settlement customer. We highly recommend doing your own due diligence on Safestone Financial’s lead buyers before entering into any financial relationship with the company.
