TriPoint Lending
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TriPoint Lending is a company that offers personal loans to people in need of extra money. But is TriPoint Lending legit? Or is it a scam? In this TriPoint Lending review, we will take a closer look at the company and its services. We will also discuss whether or not TriPoint Lending is a scam, and what you need to know before applying for a loan.

TriPoint Lending is a lending company that offers personal loans to people in need of extra money. The company was founded in 2017, and it is headquartered in Irvine, California. TriPoint Lending offers loans of up to $35,000, with interest rates ranging from 12% to 36%. TriPoint Lending does not require a minimum credit score for loan approval, and the company claims that it can fund loans in as little as 24 hours.

TriPoint Lending Review: Is It A Scam Or Legit, Read Our Review First 1

TriPoint Lending Review: Is It A Scam Or Legit, Read Our Review First 2

TriPoint Lending Pros and Cons

TriPoint Lending has been in business for a little over five years and has an A+ rating with the Better Business Bureau. But, is this lender worth your time? We’ll go over the pros and cons of TriPoint Lending so you can make a more informed decision.

The biggest pro of working with TriPoint Lending is that they offer personal loans. Personal loans can be used for a variety of purposes, including consolidating debt, paying for home improvements, or covering unexpected expenses. If you qualify for a loan, you could receive funds as soon as the next business day.

However, there are several cons to consider before taking out a loan with TriPoint Lending. First, some customers have complained of high-interest rates and fees.

If you’re considering taking out a loan with TriPoint Lending, be sure to weigh the pros and cons carefully. Personal loans can be helpful if used wisely, but they can also cause more financial problems if you’re not careful. As always, do your research before making any decisions about borrowing money.

What is TriPoint Lending?

Here’s how it works: TriPoint Lending sends direct mail to potential customers with a “personalized reservation code” and low-interest rates (usually around four to five percent) in order to consolidate high-interest credit card debt.

Once you apply for the loan, you’re likely to be approved for a much higher rate. In other words, they lure you in with the promise of low rates, but once you’re committed to the loan, they hit you with the reality of much higher payments.

If you’re considering taking out a Personal Loan, do your research and be sure to read the fine print before signing anything. There are plenty of reputable companies out there that offer fair and honest loans.

Who owns TriPoint Lending?

TriPoint Lending is currently owned by its CEO, James M. Herbert. TriPoint Lending was originally founded in 2009 by three partners: James M. Herbert, Mark A. Ciaramitaro, and William P. Foley II.

TriPoint Lending has since grown to become one of the largest privately-held mortgage companies in the United States. TriPoint Lending is a direct lender that offers a variety of loan products, including fixed-rate and adjustable-rate mortgages, jumbo loans, FHA loans, VA loans, and more. TriPoint Lending is headquartered in Irvine, California, and has branches located across the country.

How does TriPoint Lending work?

TriPoint Lending promises low rates and easy approval but delivers neither. The company uses low rates to lure in unsuspecting borrowers, then approves them for loans with much higher interest rates and fees.

Borrowers who can’t afford the high payments are often forced into default, which ruins their credit score and leaves them struggling financially.

How does TriPoint Lending affect your credit?

If you’re considering taking out a personal loan from TriPoint, beware – this company is known for doing hard credit pulls, which can negatively impact your credit score.

There are plenty of other personal loan options out there. Do your research and choose a lender that will work with you to get the best terms possible. And if you’re ever unsure about a lender, be sure to check with the Better Business Bureau or other consumer protection organizations to make sure they’re legitimate.

How much does TriPoint Lending cost?

Personal loans from TriPoint Lending come with high-interest rates and hidden fees. It’s important to be aware of these costs before you apply for a loan.

The interest rate on personal loans from TriPoint Lending is variable, which means it can change over time. The interest rate on your loan may be higher or lower than the average, depending on your credit score and other factors.

In addition to the high-interest rates, there are also several fees associated with TriPoint personal loans. These include an origination fee, late payment fee, and prepayment penalty. The late payment fee is a penalty that is charged if you make a late payment on your loan. The prepayment penalty is a fee that is charged if you pay off your loan early.

Before you apply for a personal loan from TriPoint, be sure to consider the cost of the loan. The high-interest rates and fees can add up, making it difficult to repay your loan. If you’re not careful, you could end up in debt for years to come.

How to contact TriPoint Lending customer service

If you need to contact TriPoint Lending customer service, there are a few ways to do so. You can reach them by phone at (800) 307-1789, or by email at [email protected] You can also find more information on their website at tripointlending.com.

How to login to Tripoint Lending 

If you’re looking to log in to Tripoint, simply head over to their website at tripointlending.com. From there, you’ll see a login button in the top right-hand corner. Click that, and enter your username and password. Once you’re logged in, you can start browsing their selection of loans!

Still, having trouble logging in? Reach out to Tripoint’s customer service team for assistance.

Who Is Tripoint Lending Affiliated With?

Tripoint Lending is a direct lender that offers subprime loans to borrowers with bad credit. They’re affiliated with several entities, including:

  • The National Consumer Law Center (NCLC), has sued them for their predatory lending practices
  • The Center for Responsible Lending (CRL), has called them “one of the worst actors in the subprime lending industry”
  • Their CEO, who has been accused of fraud and misrepresentation by former employees

Needless to say, you should avoid Tripoint Lending at all costs. There are plenty of other lenders out there who can offer you a better deal, without all the negative baggage.

How to cancel Tripoint Lending?

If you’re not happy with your personal loan from Tripoint, you have the right to cancel your loan within five days of signing the loan agreement. Here’s what you need to do to cancel your loan:

First, contact Tripoint Lending customer service at (800) 307-1789 and tell them that you want to cancel your loan. Customer service will then give you a cancellation form to fill out and return.

Once Tripoint receives your cancellation form, they will process your request and refund any payments you have made on the loan. You should receive your refund within 30 days.

Tripoint Lending BBB reviews

TriPoint Lending BBB Reviews show that the company has received eight complaints in the last three years. Two of those complaints were closed in the last twelve months. The majority of the complaints allege problems with personal loans, and some customers have also left negative reviews on popular review sites. Overall, it seems that Tripoint is not a very reliable company to work with. If you’re considering taking out a personal loan, you may want to look elsewhere.

Here are some TriPoint Lending BBB Reviews:

Cyndi C. 04/05/2022

I received the pre-qualified check in the mail and followed the instructions. Got a call 1 minute later to be put on hold for 5 minutes, then clicked on the option to get a callback. The prompter told me there was a problem and hung up on me.

David M 03/15/2022

I received a pre-qualified letter in the mail about a loan but I decided to ****** them first and that led me here. I find it interesting how the 1 and 2-star reviews are written in detail about what a negative experience they had dealing with Tri-Point, and how misleading it is about receiving what appears to be a check but in reality, it’s a debt consolidation program, but there are many more 5 star reviews with one or two sentence positive reviews, most of which are written in broken English. It almost gives you the idea that people are intentionally misleading people with positive reviews that are not authentic. I think I’ll pass on dealing with Tri-Point.

Carla C 02/18/2022

Predatory. They pre-qualified, have you apply, then pre-approved. It’s bait and switch. There is no loan. They take your money and don’t pay your debt until it’s 4-6 months late. Then they negotiate for a 50 percent settlement on your behalf after receiving your money for 6 months. The payment they quote you is only a 25 percent settlement and they pocket the rest. Certain accounts cannot be included and you have to keep those current or you don’t qualify for their loan (which doesn’t exist) after 6 months. Then you are stuck making huge payments to them for 24 months. THERE IS NO LOAN!! If you’d like me to negotiate settlements for you Id be glad to. It’s very easy and not worth going with a scam. Call your creditors and explain the circumstances. Settle for Pennies on the dollar.

Complaint Type: Problems with Product/Service 05/07/2021

Tripoint Lending, a high-interest loan company, called me at 9:15 pm CT on Thursday, May 6th, 2021 to sell me a high-interest loan stating that I need to know about their new information regarding loan offers due to Covid19. I was almost asleep for the day. The phone call is documented with a time stamp on my phone. I am already on the do not call registry. I have not done business with them. It’s a telemarketing call after 9:00 pm which calls for a fine and enforcement.

Is Tripoint Lending legit or a Scam?

The Better Business Bureau has received numerous complaints about Tripoint, and the company has a long history of negative reviews. In fact, many people believe that Tripoint Lending is a scam.

If you’re considering consolidation through Tripoint Lending, we urge you to beware. There are much better options out there for consolidating your debt. Do your research and be sure to read the fine print before signing anything!

BBB has received numerous complaints about Tripoint Lending. The main issues cited include:

  • High-interest rates
  • Bait and switch tactics
  • Hidden fees
  • Poor customer service

A quick Google search will reveal hundreds of negative reviews for Tripoint Lending. Customers have complained about being misled, overcharged, and harassed by Tripoint Lending’s customer service representatives.

Many people believe that Tripoint Lending is a scam. Be sure to do your research before consolidation through this company. There are much better options out there!

If you’re considering consolidation through Tripoint Lending, we urge you to beware. There are much better options out there for consolidating your debt. Do your research and be sure to read the fine print before signing anything!

Compare TriPoint Lending

Tripoint Lending Review
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Tripoint Lending Review

The Better Business Bureau has received numerous complaints about Tripoint Lending, and the company has a long history of negative reviews. In fact, many people believe that Tripoint Lending is a scam. If you’re considering consolidation through Tripoint Lending, we urge you to beware. There are much better options out there for consolidating your debt. Do your research and be sure to read the fine print before signing anything!  

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