Overview: TriPoint Lending
TriPoint Lending is a company that offers personal loans to those in need. TriPoint Lending Reviews will help you to take decisions about the company and will help you to go further.
However, TriPoint Lending has recently been getting a bad reputation for its customer service, as many complainants say they’re being treated unfairly.
We will now review the company and find out if its claim to bring loans to those in need is legitimate.
TriPoint Lending was founded in 2017 and is based in Irvine, California. The company offers personal loans of up to $35,000 with interest rates ranging from 12% to 36%.
It has a rating of A+ with the BBB and is accredited by the BBB. TriPoint Lending is also a member of the Online Lenders Alliance (OLA).
You probably received a mailer containing a specific reservation number for a pre-approved loan with an interest rate lower than 5% to consolidate your various other high-interest debt. Now you require a lot more information.
Customers who complain that they were scammed have stated that they were promised a loan but failed to obtain the loan.
Others have stated they were charged hidden fees or passed-up interest rates that were different from what was mentioned in their original agreement.
Always refer to or read about the company you are going to because all company has their own Pros and Cons. Now let’s get some more details about TriPoint Lending Review.
Who owns TriPoint Lending?
TriPoint Lending offers loans to individuals with poor credit. The business is owned by TriPoint Global Equities, LLC, which is based in the New York area.
The business has been in business since 2017 and serves clients by offering personal loans of up to $35,000.
The company received an A+ rating from the BBB and is accredited by the BBB. TriPoint Lending has received 8 complaints in the past three years, with two addressed in the past twelve months.
Pros and Cons
Although TriPoint Lending has many benefits, there are also a few downfalls to bear in mind before choosing a loan with this company.
One of the largest benefits of TriPoint Lending is its online application process. The entire application can be completed in just a few minutes, and it can be done online. But the clear downside is their poor lending reputation.
TriPoint Lending has been known to change the terms of their loans after borrowers have already agreed. This can lead to a considerable financial burden for borrowers who are not fluent in the conditions.
Many borrowers have trouble getting their questions answered or their problems resolved because of the poor customer support offered by the company’s loan servicing.
This can make the process of arranging and repaying your loan inconvenient for you. Make sure you know about some disadvantages of taking out a loan from this company.
How Does TriPoint Lending Work?
They offer annual percentage rates (APRs) from 4.95% APR (AA) to 30.00% APR, with the lowest rates for the most creditworthy borrowers. You can borrow anywhere from $5,000.00 to $100,000.00.
Eligibility is not guaranteed, but you may be eligible if you meet credit and other conditions including:
- Continuing to meet the criteria for this prescreened offer;
- Having a credit report, application, and credit history that meet our pre-established criteria;
- Having a monthly debt-to-income ratio (i.e.… total monthly debt payments divided by monthly gross income) that does not exceed 50%; and
- Being employed for at least one year.
How Much Does TriPoint Lending Cost?
You will not have to pay any charges or penalties if you pay your loan off early. Only the amount that’s due on your loan accrues interest, so the sooner you repay your loan, the less interest you pay.
Fees incurred so far, including origination and administrative fees, are non-refundable in this case.
Is TriPoint Lending a legitimate company?
TriPoint Lending is a company that offers personal loans. While there are many companies that offer personal loans, TriPoint Lending has come under fire for its high-interest rates and fees.
There are many Positive reviews of TriPoint Lending online, with customer satisfaction with the Lending Company.
Is TriPoint Lending a legitimate company? The answer is complicated. On one hand, the company offers personal loans at high-interest rates and fees. On the other hand, TriPoint Lending is a registered company with the Better Business Bureau.
Do not take out a loan with TriPoint Lending unless you are absolutely sure that you can make the payments on time. Missing even one payment can result in high penalties and fees.
If you’re considering taking out a personal loan, be sure to shop around for the best rates and terms. There are so many companies but TriPoint is one of the best companies to deal with it.
In conclusion, TriPoint Lending Reviews is a great company to work with if you are in need of a loan. They are quick to process your application and get you the money you need.
They have a great customer service team that is always willing to help. I would recommend TriPoint Lending to anyone who is in need of a loan. Read more articles on wink24news.