Union Plus Review: Is It A Scam Or Is It Legit? Find Out Here.

At Union Plus, they offer a wide variety of financial services to their clients, including personal loans, credit cards, debt settlement, and more. The company advertises its services at unionplus.org.

Union Plus Summary

There are many reasons why someone might take out a loan, whether it’s to cover unexpected expenses or consolidate debt. With so many lenders available, it can be difficult to decide where to turn. Union Plus is one option that has recently been getting a lot of attention. But is this lender the right choice for you? Here is a closer look at what they have to offer so you can make an informed decision.

Here are a few key points that stood out from our investigation of their website and terms and conditions.

• Loans are made and serviced by First National Bank of Omaha.
• The APR for your loan will be determined based on a number of factors, including creditworthiness. Generally, the APR will fall somewhere between 5.99% and 15.99%.
• Not everyone will qualify for the lowest interest rate.
• You may receive a 0.25% interest rate discount by enrolling in AutoPay.
• The terms of repayment for your loan will be based on the APR and loan term for which you qualify.
• There are a few restrictions on what you can use a loan for. You can’t use it for postsecondary educational expenses or tuition, or to consolidate post-secondary educational loan debt.

What is Union Plus?

In 1986, the AFL-CIO founded Union Privilege, a nonprofit organization that provides excellent consumer benefits exclusively to current and retired members of unions and their families. These benefits, known as “Union Plus,” include discounts on products and services, financial assistance, and more. The Washington, D.C based company, “UNION PLUS”, can be reached by calling (800) 472-2005.

The Better Business Bureau (BBB) does not currently accredit or endorse this business. However, it does have an A- rating with 1 closed complaint and 2 customer reviews in the last 3 years. As a result, the company has a 1-star rating from BBB.

How does Union Plus work?

To apply for a loan, visit their website and complete the online form. A dedicated member of their team will then call you to discuss your application and make a decision over the phone. You can let them know which creditors you would like the money to be sent to, and they will take care of the rest.

How to qualify for Union Plus?

To be considered for approval with Union Plus, applicants must have a good credit history with on-time payments, low utilization of existing credit lines, and few prior credit inquiries. Bankruptcy or other major derogatory records will count against you. Your creditworthiness at the time of application will be the deciding factor.

The program is available in the United States. This program is not available in Puerto Rico, The U.S. Virgin Islands, Guam, or Canada. 

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking or savings account
• Proof of income
• Recent bank statements
• Driver’s license

Union Plus BBB Reviews

Although Union Plus is not currently accredited or endorsed by Better Business Bureau (BBB), it still has an A- rating with 1 closed complaint and 2 customer reviews in the last 3 years. Consequently, BBB gives Union Plus a 1-star rating.

Here are some reviews:

Robert M 05/06/2022

SC 10/28/2021

Union Plus FAQs

How much does Union Plus charge?

The interest rate on your loan will be determined by several factors, including creditworthiness and the term of the loan. However, rates will generally fall within the range of 5.99% to 15.99%. Enrolling in AutoPay may entitle you to a 0.25% interest rate discount.

The amount you will need to repay each month will depend on the APR and loan term for which you qualify. For example, on a 9.99% Fixed APR loan with 36 monthly payments, you would need to repay $32.26 per $1,000 borrowed. Or, on a 48 monthly payment loan, you would need to repay $25.36 per $1,000 borrowed.

Are there any pre-payment penalties?

Union Plus does not charge prepayment fees, so you can pay off your loan early without any penalties. This makes it a great option for borrowers who want the flexibility to pay off their loans on their own terms.

How does Union Plus affect your credit?

When you’re considering taking out a loan, understanding the process and what effect each step may have on your credit score is crucial. Many lenders will run a soft credit check upfront to get an idea of the interest rates and loan terms you could qualify for. This doesn’t affect your credit score.

However, once you decide to go ahead with the actual loan application, the lender will need to do a hard credit inquiry to get a full view of your credit history and offer you final rates. These hard inquiries can lower your credit score.

How to cancel Union Plus?

Personal loans can be a great way to get the money you need, but it is important to be sure of your decision before taking one out. Once the funds are dispersed into your account, you cannot reverse or cancel the transaction, so it is important to be certain upfront to avoid any problems later on.

Do you find yourself struggling to make ends meet? Here is some advice that may help you get back on track.

There’s no need to be a financial expert to get your finances in order. Just follow these simple steps and soon enough, your finances will be in good shape.

• Creating and sticking to a budget is crucial in maintaining healthy finances. This will help prevent overspending and make better spending decisions overall.
• Another great way to get your finances on track is by speaking with a financial advisor. They can help assess your current situation and offer helpful advice on how to move forward based on your unique circumstances.
• And finally, don’t sweat debt too much. Many companies are willing to work with customers to create a manageable payment plan. So reach out to their customer service team for more information.

Is Union Plus legit or a scam?

Since it was founded over 36 years ago, Union Plus has offered a variety of financial services to meet the needs of its customers. The company has an A- rating from the Better Business Bureau (BBB), but only has a 1-star rating out of 5 stars based on customer reviews.

Before taking out a loan, it is important to think about the interest rate and repayment terms. It can be helpful to research and compare rates from different lenders to find the best deal. Additionally, reading customer reviews can give you a better idea of which option might be best for you. By doing this, you can avoid taking out a loan that you cannot afford.

Do you know unionplus.org? Leave your experience and review below!

Thank you for reading!