Alleviate Financial, LLC, dba TriPoint Lending, is a marketing lead generator and is a duly licensed California lender that advertises personal loans via their website tripointlending.com.
An overview of Tripoint Lending
As you might have heard, Tripoint Lending has been gaining popularity over the last few months, but do you know who they are? In the course of investigating their website and reading through the fine print, we came across some interesting facts about them.
- It is important to note that the annual percentage rates (APRs) through TriPoint Lending range from 5.49% APR (AA) to 30.00% APR for first-time borrowers.
- There is a minimum loan amount of $10,000.00 and a maximum loan amount of $100,000.00.
- There is no guarantee that you will be able to qualify for credit, and you must meet other conditions in order to become eligible for credit.
- It is possible that TriPoint Lending or its third-party affiliates will contact you in the future by means of electronic mail, telephone, SMS, or other forms of media, both physical and electronic, such as fax, mail, or SMS.
TriPoint Lending: What is it?
As a marketing lead generator and duly licensed California finance lender, Alleviate Financial, LLC operates under TriPoint Lending. They are a company that provides financial relief to its clients via marketing leads generated by Alleviate Financial, LLC. In addition to having four years of experience, they are located at 4 Park Plaza, Suite 1400, Irvine, CA, and can be reached at (800) 307-1789.
There is no doubt that TriPoint Lending is a top-rated company, with an A+ rating from the Better Business Bureau. This company has been accredited since 2018 and has an average of 221 customer reviews. In the last three years, the company has successfully resolved nine complaints.
What is TriPoint Lending?
As a result of the fixed interest rates offered by TriPoint Lending, your monthly payments will remain the same for the long run. Select the loan that meets your needs from their available options. Applying is easy, and your funds can be delivered within minutes. For you to qualify, you must meet certain credit requirements and other conditions.
What is the cost of TriPoint Lending?
The annual percentage rate for the first-time borrower through TriPoint Lending ranges from 5.49% APR to 30.00% APR.
In addition, they offer customers who come to us through paid Google or Bing advertisements an APR of 35.99% or lower, with terms ranging from 61 days to 180 months. In the end, your final rate will result from a combination of your credit score, the amount you borrow, the repayment term you choose, and your credit history and usage.
Reviews of Tripoint Lending
With an A+ rating from the Better Business Bureau, Tripoint Lending is a well-regarded and accredited company that has been accredited since 7/10/2018. They have over 221 customer reviews and had nine complaints resolved in the last three years.
The following are some TriPoint Lending BBB reviews that you may find useful:
Gimli3384 X 09/29/2022
From what I am seeing, this is a big a** scam. All the 5-star reviews look like robot responses. The mailer I got in the mail even says personal loan. If it were real, then I would have gone for it, but now there is no way I’m taking a risk like this with my credit.
Joseph W 09/29/2022
All 5 Star ratings must be from people that work for or know someone that works for Tri-point. I get letters in the mail almost monthly, with my pre-qualified amount getting larger every month. When I called in to speak to someone, I made it a point to tell them it was a loan that I would use to pay off other debt and use some for home improvements.
Like others have said, they try and get you to agree to a debt consolidation loan which is not what they advertise in the letter they send out. when talking to “***,” he stated, “it only looks like a consolidation loan, but it was not.” I asked to speak to a supervisor, and the supervisor said the same when I told them I was not interested. The supervisor used a few choice words and told me that I would quit wasting their time if I didn’t know what I wanted.
I wouldn’t recommend this company to anyone. Use the resources you have to find a better company to work with. I hope they get fined or sewed for false advertisement and try to take advantage of people in the hard times and act like they are better than the people they claim to help. Please do yourself a favor and find another company. There are plenty out there.
Aaron C 09/29/2022
********* is an awesome guy who handled everything precisely as you should, explained everything you needed to know, and made the process painless! Thank you ********
Christopher B 09/22/2022
I had a fantastic experience with TriPoint Lending. In particular, the Client Advocate, ******************, was outstanding and is honestly deserving of huge corporate advancement. ******* was well within all professional courtesies for all our scheduled appointments, was extremely knowledgeable and understanding, and explained and answered all my questions in detail.
It was apparent she had my best interest at heart! In the end, though, I decided to forgo the assistance that included a fully approved loan that ******* worked to put together and get approved. Still, ******* was right there to say she fully understood my decision (after all her hard work and time consumed) and wanted me to reach out to her if I needed any credit/debt assistance in the future. I will go nowhere else if I pursue service in the future. Thank you, TriPoint, for putting such a great advocate on your staff, and thank you, *******, for all your help. It made a huge and lasting impression on me!!
What are the requirements for Tripoint Lending?
It is possible that you can qualify for their offer if you meet certain credit and other conditions, such as:
- Keeping the criteria for this offer the same;
- (b) Have a good credit score and history;
- (c) Have a debt-to-income ratio below 50%;
- (d) Been working for at least a year.
There’s no guarantee of eligibility.
What effect does TriPoint Lending have on your credit score?
Suppose you are looking to take out a personal loan. In that case, it is important to be aware that lenders will typically make a hard inquiry into your credit history in order to assess your creditworthiness. This could potentially lower your credit score by five points.
Can I pay off my loan early without incurring a penalty?
You will not be charged additional fees or penalties for paying off your loan early. Since the amount of interest you owe is determined by the outstanding balance of your loan, making early payments will also reduce the amount of interest you owe. There are no refunds for any fees you have already paid, such as the origination or processing fees.
Is pre-approval a guarantee of approval?
Your loan application may be denied by TriPoint Lending if, upon responding to their offer, it is determined that you do not meet the criteria for creditworthiness anymore. This may happen if your credit score has dropped recently. Moreover, your income information won’t be available until you apply for a loan. Your application may be rejected because you do not earn enough money to support your loan payments.
What is the procedure for canceling Tripoint Lending?
If you determine that you don’t want to take out a personal loan before approval, you may cancel the process. However, once you’ve been approved, the disbursement will occur, and at that point, you will no longer be able to cancel the application.
Tripoint Lending: Legit or Scam?
Even though Tripoint Lending is ranked A+ by the Better Business Bureau, they have mixed reviews online. Some people have had positive experiences with the company, while others have found them less than legitimate.
Several factors indicate that tripointlending.com is a legitimate company. However, as with any business you do business with, we recommend reading customer reviews and researching before you decide to do business with them.
Do you have any experience with Tripoint Lending or know anything about it? Please share your thoughts and experiences in the comment section below.
In spite of the fact that Tripoint Lending has an A+ rating with the BBB, they have mixed reviews online. Some people have had positive experiences with the company, while others have found them to be less than genuine as well. It appears from our extensive research that tripointlending.com is a legitimate company. However, we would recommend that you read customer reviews and conduct your own research before making a decision about any business that you do business with.