SilverLake Financial

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Are you considering SilverLake Financial for a debt consolidation loan? You may be wondering if it is a scam or a legit company. In this SilverLake Financial review, we will take a look at the company and see what its customers have to say about them. We will also discuss the pros and cons of working with SilverLake Financial so that you can make an informed decision about whether or not they are the right lender for you.

SilverLake Financial and silverlakefunding.loan is a company that offers debt consolidation loans. They are not a lender, but rather a middleman between you and the lender. This means that they will find a lender for you and then help you to consolidate your debts into one loan.

SilverLake Financial does have some good reviews from customers who have used their services. However, there are also some complaints about the company. Some of these complaints include hidden fees, difficulty getting in touch with customer service, and problems with the loan process itself.

It seems that SilverLake Financial is a company that you may want to consider if you are looking for a debt consolidation loan. However, before you decide to work with SilverLake Financial, it is important to weigh the pros and cons of doing so.

SilverLake Financial Review: Is SilverLake Financial A Scam Or Legit? Find Out Here 1

SilverLake Financial Review: Is SilverLake Financial A Scam Or Legit? Find Out Here 2

SilverLake Financial Pros and Cons

SilverLake Financial has more cons than pros. One of the biggest cons is that they are not a lender. This means that if you’re looking for a Debt consolidation loan, you’ll have to go threw a third party.

Another big con is that SilverLake has hidden fees. These fees can add up and leave you with a much higher bill than you originally thought. While SilverLake may have some cons, they do have a few pros.

One of the biggest pros is that they offer Debt consolidation loans. If you’re looking to consolidate your Debt, SilverLake may be a good option for you if you are looking to compare offers.

Another pro is that they have a variety of different loan options. Whether you’re looking for a short-term or long-term loan, SilverLake has an option for you.

If you’re considering SilverLake for your Debt consolidation loan, be sure to weigh the pros and cons before making a decision.

What is SilverLake Financial?

SilverLake Financial is not a lender but offers to help people get access to the financing they need. They work with a network of lenders to provide their customers with the best possible terms and rates. They offer a variety of loan products, including personal loans, home equity loans, and auto loans.

However, their rates and terms are not as competitive as they seem to advertise on their mailers. They often use bait and switch tactics, promising one rate but then charging it to a higher rate. They also have hidden fees that can add up quickly.

Overall, it’s hard for us to recommend SilverLake Financial. There are better options out there that will give you a more transparent and honest experience.

How does SilverLake Financial work?

While SilverLake is not a lender themselves, they work with many different lenders in order to give their customers a wide variety of options to choose from depending on their needs.

However, because they are not the actual lender, this means that they often use what is called bait and switch tactics. This is where they will offer a customer a very low-interest rate to get them to use their services, but then once everything is said and done, the customer is often left with much higher fees and interest rates than what they were originally quoted. In other words, it’s important to be very careful when working with SilverLake Financial so that you don’t end up getting taken advantage of.

Fortunately, there are many other companies out there that can help you compare personal loans from different lenders so that you can be sure you’re getting the best deal possible. Overall, it’s important to do your research before working with any financial company so that you know exactly what you’re getting yourself into.

What is a debt consolidation loan?

A debt consolidation loan is a type of loan that allows you to consolidate all of your outstanding debts into one single personal loan. This can be extremely helpful if you are struggling to make payments on multiple debts each month, as it can streamline the process and make it much easier to stay on top of your finances. There are a few different types of debt consolidation loans available, so it’s important to compare your options and choose the one that’s right for you.

If you’re considering taking out a debt consolidation loan, there are a few things you should keep in mind. First, make sure you understand how debt consolidation loans work and what they can do for you. Second, shop around and compare rates from multiple lenders before choosing one. And finally, be sure to carefully read the terms and conditions of your personal loan before signing anything. By taking these steps, you can ensure that you get the best possible deal on your debt consolidation loan.

How to qualify for a SilverLake Financial debt consolidation loan?

To qualify for a debt consolidation loan from SilverLake Financial, you’ll need to have a good credit score and a steady income. You’ll also need to be able to show that you’re able to make your monthly payments on time. If you can meet these qualifications, you should be able to get approved for a personal loan from SilverLake Financial.

What kind of debt consolidation program does SilverLake Financial offer?

silverlakefunding.loan is a lead-generating website, they can help you find a debt consolidation loan. They claim that they work with a network of lenders who offer debt consolidation loans with competitive rates and terms.

When you consolidate your debt with a loan, you will have one monthly payment to make instead of multiple payments to different creditors. This can make it easier to manage your debt and keep track of your payments. consolidating your debt can also help you save money on interest charges.

There are a few things to consider before you consolidate your debt. You will need to have good credit to qualify for a debt consolidation loan. If you have bad credit, you may not be able to get a loan with a low-interest rate. This means that you could end up paying more interest charges over the life of the loan.

You should also consider the terms of the loan before you consolidate your debt. Some loans have shorter terms and lower interest rates, but they may require you to make higher monthly payments. Make sure that you can afford the monthly payments before you consolidate your debt.

SilverLake Financial cannot guarantee that you will be approved for a debt consolidation loan. If you are struggling to make your monthly debt payments, you may want to consider debt settlement or bankruptcy. These options can have a negative impact on your credit score, so be sure to speak with a financial advisor before making any decisions. Debt consolidation may not be the right solution for everyone, but it can be a helpful tool if used correctly.

How much does SilverLake Financial charge?

The fees associated with a debt consolidation loan from SilverLake Financial can vary depending on the size of the loan and the terms of repayment. However, the average cost of a debt consolidation loan from SilverLake Financial is between 15% and 25% APR. This means that if you were to take out a $20,000 debt consolidation loan from SilverLake Financial, you would end up paying between $3000 and $4000 in interest over the life of the loan.

In addition to these fees, SilverLake Financial also charges an origination fee of between 0.75% and 5% of the total loan amount. So, if you were to take out a $20,000 debt consolidation loan from Silverlake Financial, you would end up paying an origination fee of between $150 and $1000. Finally, SilverLake Financial also charges a late fee of up to $35 for any payments that are made after the due date.

All in all, the fees associated with a debt consolidation loan from SilverLake Financial can be quite high. If you are considering taking out a debt consolidation loan from SilverLake Financial, be sure to shop around and compare rates and fees before making a decision.

What is the minimum credit score for a SilverLake Financial debt consolidation loan?

The answer is not as simple as you might think. SilverLake Financial doesn’t have a minimum credit score requirement for debt consolidation loans. However, they will take your credit history into account when considering your application.

If you have a history of late payments or other negative items on your credit report, it’s likely that your application will be denied. On the other hand, if you have a strong credit history and are in good standing with your creditors, you’re more likely to be approved for a loan.

Ultimately, the decision comes down to SilverLake Financial’s network of lenders. Each lender has its own minimum credit score requirements, so it’s difficult to say what the minimum is. However, if you have a good credit history and are in good standing with your creditors, you’re more likely to be approved for a loan.

Who owns SilverLake Financial?

The CEO of SilverLake Financial is Mr. David Potalivo. Some people believe that he may not be the best person for the job, as he has been known to make some rather questionable decisions in the past.

Critics say that Mr. Potalivo is more interested in making a quick profit than in doing what is best for the company and its shareholders. They also point to his close relationship with certain members of the board of directors as evidence that he is not acting in the best interests of SilverLake Financial.

The main headquarter is located at 930 W 17th St Ste D Santa Ana, CA 92706-3575

How does SilverLake Financial affect your credit?

If you’re considering using SilverLake Financial, you should know that it can have a negative effect on your credit. That’s because SilverLake Financial will do a hard pull on your credit when you apply for their services. Additionally, if you’re late on payments, SilverLake Financial will report that to the credit bureaus, which could further damage your credit score.

So if you’re thinking about using SilverLake Financial, be sure to weigh the potential risks to your credit before making a decision. It’s not worth damaging your credit just to get access to their services. There are plenty of other financial institutions out there that won’t have such a negative impact on your credit.

How to cancel SilverLake Financial’s account?

It’s easy to cancel your SilverLake Financial account. All you need to do is pay off your outstanding balance with the lender. Once you’ve done that, simply contact SilverLake Financial and let them know that you’d like to cancel your account. They’ll take care of the rest!

The process is simple and straightforward, and it shouldn’t take more than a few minutes to cancel your account. So if you’re fed up with SilverLake Financial, don’t hesitate to cancel your account.

Who is SilverLake Financial affiliated with?

This company simply connects borrowers with lenders in their network. They do not provide loans themselves. They simply work with a large network of lenders to find loan options for their customers.

This lenders network includes some of the nation’s biggest banks, like Bank of America and Wells Fargo. But it also includes much smaller, regional banks and credit unions.

The bottom line is that SilverLake Financial is not affiliated with any specific lender. They are simply a loan broker that works with a number of different lenders to find loan options.

SilverLake Financial BBB Reviews

As of August 2019, SilverLake Financial has a BBB rating of B+.

The company has been accredited by the BBB since 29th August 2019 and has been in business for three years.

There have been three complaints filed against the company in the last three years, with 3 complaints being filed in the last 12 months. If you are considering doing business with SilverLake Financial, we recommend that you check out their BBB reviews first.

In addition the company doesn’t have the best customer service. Many customer complaints include the lack of communication with customer service.

Here are some SilverLake Financial BBB Reviews:

Ann I 05/06/2022

I was misled, filled out the form – based on details of obtaining a personal loan. Was told information related to the credit rating and how the process worked incorrectly. Informed there was a cancellation fee once enrolled (later told that’s not correct). After a few months of not seeing anything I called to inquire – it’s debt settlement – hurts your credit report vs working with creditors yourself. Completely mislead. Had I been given factual information I would not have signed up. Extremely lead down the wrong path – even with my many questions – continued to be led down the wrong path. Bait and switch based upon the letter received.Will be filing an AG complaint related to this. Do your homework to validate the entire process.

James M 11/24/2021

This is not a lending company. They engage you by sending a letter offering a loan. You apply for a loan and the company then tries to have you sign up for debt elimination counseling. They make material misstatements and ask you to engage in fraud. Summary of misstatements: They solicit customers offering loans, but refer you to a legal firm that will negotiate debt settlements. They ask if you can afford your payments. If you answer yes, they still push you towards debt settlement products. However, in the debt settlement contract, you are asked to affirm that you cannot afford your payments. They are directing customers to lie on a legal form.

Complaint Type: Problems with Product/Service 06/15/2021

I received deceiving personal loan requests from this company. They also left a deceiving phone number to opt out that in fact, it is a scam that then calls you repeatedly. I have sent numerous letters to this company asking them to stop sending me These scam requests. They refused to remove my name from their mailing list. I do not wanna be associated with scammers. I don’t want them calling me or sending me any documentation via US mail

Is SilverLake Financial Legit or a Scam?

We’ve been getting a lot of questions lately about SilverLake Financial, and whether or not they’re a legitimate company. There are a lot of negative reviews out there, accusing them of being a bait-and-switch scheme. So what’s the truth?

Unfortunately, it looks like the negative reviewers may be on to something. There have been a number of reports of people who were lured in by SilverLake’s promises of low-interest rates and then hit with much higher rates once they applied for a loan. In some cases, the difference was as much as 20%.

So if you’re thinking about doing business with SilverLake Financial, be very careful. Make sure you read the fine print and understand all the terms and conditions before you apply for a loan with any of Silverlake’s lenders. And if you’re not comfortable with what you see, it’s probably best to walk away. There are plenty of other lenders out there who will be more than happy to help you get the financing you need.

What do you think? Have you had any experiences with SilverLake Financial, good or bad? We’d love to hear from you in the comments below.

Thanks for reading!

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SilverLake Financial Review
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SilverLake Financial Review

There are a lot of negative reviews out there, accusing them of being a bait-and-switch scheme. So what’s the truth?

Unfortunately, it looks like the negative reviewers may be on to something. There have been a number of reports of people who were lured in by SilverLake’s promises of low-interest rates and then hit with much higher rates once they applied for a loan. In some cases, the difference was as much as 20%.

So if you’re thinking about doing business with SilverLake Financial, be very careful. Make sure you read the fine print and understand all the terms and conditions before you apply for a loan with any of Silverlake’s lenders.

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