Safestone Financial Review: A Scam Or Legit Lender?

Can Safestone Financial be considered a scam or a legit company regarding debt consolidation services? Safestone Financial has been a success for some individuals but has also been a disappointment for others. In this Safestone Financial review, we will take a closer look at their services, and see if we can answer that question. Is Safestone Financial a scam or is it legit?

Safetystone Financial isn’t a lender. They’re a lead generator, meaning they sell your info to lenders. That’s how they make money. If you’re considering using Safestone Financial, you should know they’ll sell your info to third parties.

The company claims to offer debt consolidation and debt settlement services. However, there’s a problem with this. First of all, they don’t lend you money. They connect you with lenders. So, you’ll have to go through a third-party lender if you want a debt consolidation loan. Secondly, these loans have a lot of high-interest rates.

Shop around and compare interest rates before using Safestone Financial for debt consolidation.

Benefits and drawbacks of Safestone Financial

Basically, Safestone Financial sells your information to other businesses if you’re thinking about using their services.

Moreover, Safestone does not have a BBB account, so there are no customer reviews.

The company’s advantages include its ease of use and simple application process.

In general, Safestone Financial has a greater number of cons than pros. Before using their services, you should be aware of their pitfalls.

Safestone Financial: what is it?

Safestone Financial sells your information to other lenders as a lead generator. It uses bait and switch tactics to get leads, which means they advertise one thing, then tries to sell you something else. Consumers who need a specific product or service can get frustrated with this.

Furthermore, Safestone is known for being aggressive in its sales tactics, so it’s hard to say no. If you’re considering doing business with Safestone, research and understand what you’re getting into. Otherwise, you might regret it.

Do you have a pre-approval offer from Safestone Financial?

Did your pre-approved offer have a confirmation number and a website with your name (callsafestone.com/CharlieRoss1)?

Did your pre-approval say: “You’re pre-approved for up to $75,000 at a fixed rate as low as 6%”?

Did your pre-approved offer show your interest rate was lowered from 21% to 6% APR? Did your pre-approved offer show your new monthly payment was $811 instead of $1720?

Your pre-approved offer showed you saved $27,079 in total interest and $909/month?

It seems too good to be true.

Then you proceed to search for reviews on the Internet. 

What does Safestone Financial do?

Safestone uses bait-and-switch tactics to get leads, as they sell your information to other lenders so that you may receive multiple unsolicited credit card and loan offers. Safestone advertises low-interest rates, but you will be offered a higher rate when you apply.

As a result, Safestone can make money by tricking consumers into paying more than they ought to. If you are considering using this service, be aware of these practices and consider other lenders instead.

Safestone Financial offers what types of loans?

Customers have complained on Safestone Financial’s website that interest rates are much higher than advertised for personal, business, and debt consolidation loans. In addition, others have stated that they could not obtain the loan amount they needed. You should be cautious if you consider getting a loan from this company. Other options may be more suitable for your situation.

What does Safestone Financial require?

A steady income and a good credit history are necessary to qualify for a loan from Safestone Financial. You must also be U.S. citizens or permanent residents at least 18 years old to apply.

Safestone Financial will review your application and sell your information to various lenders when you apply for a loan. You will receive a list of lenders to choose from if you are approved for a loan. Your next step is to select the lender that offers you the best terms and interest rate.

Other companies offer better terms and interest rates if you want a debt consolidation loan. Safestone Financial may not be the best option for you.

How much does Safestone Financial charge?

Remember to factor in Safestone Financial’s fees when budgeting your new monthly payment if you’re considering debt consolidation. Don’t forget that even though they may save you money in interest charges, their fees can add up quickly. Make sure you compare all of your options before you decide.

Is preapproval a guarantee of financial approval?

Unfortunately, it does not. Pre-approval does not guarantee that you will be approved for the full amount of a loan or credit card. Before receiving a final decision from your lender, they need to review your financial history and determine your ability to repay the loan. The pre-approval letter is not a guarantee of funding, so do not get too excited.

What is Safestone Financial’s minimum credit score?

It is important to note that the minimum credit score for Safestone Financial loans is 620. However, this does not mean you will automatically qualify for a loan if your credit score is 620. Other factors are also considered when considering a loan application, such as employment history and current debt load. You can receive a Safestone Financial loan if you have a minimum credit score of 620.

You should check your credit score before applying for a Safestone Financial loan, since a higher credit score increases your chances of being approved and may also result in lower interest rates.

What is the impact of Safestone Financial on your credit?

During the process of applying for a credit line, Safestone Financial’s network of lenders conducts a hard pull inquiry that can adversely affect your credit score. If you have late payments, the lender will report it to the main credit bureaus, which will reflect on your credit report and may negatively affect your ability to obtain new credit. All customers should pay their bills on time in order to avoid late payment fees and penalties.

What is the process for repaying Safestone Financial?

There are several ways that you can help to offset Safestone’s costs to offset the cost of their services. Since Safestone is not a lender, you cannot pay them back directly. They are paid by selling your personal information.

If you are able to negotiate with your creditors on your own, you will be able to save money over time and pay off your debt more quickly if you succeed. Additionally, you may want to consider transferring your balance to a credit card with a 0% APR or taking out a personal loan with a lower interest rate. Both of these options will help you reduce your debt faster and save you money in the long run.

When you can’t negotiate with your creditors or find a lower interest rate, you can always try to pay off your debt. You’ll be able to pay off your debt faster and save money. You can also consolidate your debts into one monthly payment. You’ll be able to manage your finances better and keep track of your payments easier this way.

Be sure to do your research and compare interest rates before making any decisions. This will help you find the best way to pay Safestone Financial back and save you money.

What are the steps to cancel your Safestone Financial account?

Because Safestone Financial isn’t a lender, you can’t cancel your loan. You can, however, get in touch with their customer service department if you have any questions or concerns about your loan. Customers have reported having trouble getting in touch with them. If you can’t resolve your issue with customer service, you might want to file a complaint with the Consumer Financial Protection Bureau.

In the case that you’ve been approved and haven’t yet received your loan funds, you can cancel your loan by contacting customer service and requesting a refund of your application fee. You’ll have to repay the loan according to your loan agreement if you already got the loan funds from their lenders. In the event that you have any questions regarding repayment or if you need assistance with making a payment, you should contact your lender directly.

If you are considering taking out a loan, be sure to shop around and compare offers before signing anything.

BBB Ratings for Safestone Financial

This is quite strange for a financial company not to be accredited by the Better Business Bureau (BBB). In fact, Safestone Financial doesn’t even have an account with the BBB, which isn’t normal for a financial company.

Additionally, Safestone Financial does not have a Trustpilot account, which is very unusual for a financial institution.

Safestone Financial does not have both a BBB accreditation as well as a Trustpilot account, which makes one wonder as to the legitimacy of the company. You should be very cautious before doing business with them.

Safestone Financial: Legit or Scam?

Mysafestone.net is not a lender. They do not have an account with the Better Business Bureau, which is another red flag.

Please find below information that may assist you in making an educated decision about whether or not to do business with us.

• This isn’t a lender.
• The company appears to be running a bait and switch scheme – but not for themselves – they’re offering 6% interest rates on credit card debt consolidation.
• There’s no mention that you need excellent credit to qualify for that low-interest loan (for which you’ve been pre-approved).
• This language is on the back of their direct mail offer. “This correspondence is for a debt consolidation loan referred by Safestone Financial. All loan requests are funded by a third party. Safestone Financial has no control over participating lender creditworthiness eligibility criteria. APR/Interest Rates will vary depending on individual lender terms.”
• It’ll be interesting to see how many of the consumers who got this offer qualify for 6% interest.

When it comes to your family finances, you have to do your own research.

How do you feel about Safestone Financial? Have you had any good or bad experiences with them? Let us know in the comments!

Thanks for reading.