Union First Funding
Editorial Credit: Fizkes

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Union First Funding Review: Debt Consolidation Loans

Who is Union First Funding? They aren’t a lender. They appear to be a lead generator primarily selling to debt settlement companies.

You probably received a mailer with a pre-approval code and what looks like a No-Fee Low-interest rate personal loan. The one below is offering a $125,300 debt consolidation loan. at 2.92% APR offering a reduction of $4,010 per month to $300 per month. The interest rate is reduced from 17.20% APR.

Seems a little good to be true?

And off you go looking for reviews. 

Is Union First Funding Legit or a Scam?

Crixeo.com awarded Union First Funding a 2-star rating (data collected and updated as of October 30, 2021). We hope the information below will help you make an educated decision on whether to do business with Union First Funding .

  • Union First Funding is not a lender.
  • It appears that Union First Funding is operating a typical bait and switch scheme – but not for themselves – for their lead buyers. They lure you in by sending you direct mail with a offering a ridiculous 0% interest rate to consolidate your high-interest credit card debt.
  • Union First Funding doesn’t tell you that you need excellent credit to qualify for a loan with that low-interest rate (which you have been supposedly pre-approved for).
  • While the Union First Funding mailer offers incredibly low rates, the licensing information on their site discloses that they are only licensed in California with a Finance Lenders License.
  • Their disclosure clearly states ANNUAL PERCENTAGE RATES RANGE FROM 2.92% TO 24.99%. To qualify for an AAA Union First Funding Rating, you must have excellent credit and meet other conditions.
  • We are curious to find out how many of the consumers that were mailed this offer actually qualify for 2.92% interest.
Union First Funding

We urge you to do your own research and due diligence on any company, especially when dealing with your personal finances.

We wish you luck and invite you to take a look at Crixeo’s Best Debt Consolidation Reviews of 2022.

Stuart Bienenstock

Union First Funding Review
  • Union First Funding

Union First Funding Review

Union First Funding is representative of what is plaguing the debt consolidation 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 Union First Funding’s lead buyers before entering into any financial relationship with the company.

User Review
3.2 (10 votes)