Connect with us

Debt Consolidation

Advantage Preferred Financial Review



advantage preferred financial

We receive compensation from advertisers Ad Disclosure

Advantage Preferred Financial Debt Consolidation Loans

Advantage Preferred Financial is a company that offers debt consolidation loans. They promise to help you get back on track with your finances and have been known as an “affordable alternative” for those who struggle to pay off their bills every month, but does this mean they’re legitimate? We’ll take look at what customers say about Advantage’s various programs in order to find out if it could be something worth considering!

Most people have trouble getting out of debt. But there’s a company that claims they can help you in as little as 12 months! Is it really worth your time to investigate what this new offer could mean for yourself or someone else who needs some financial relief right now?

Advantage Preferred Financial is a company that utilizes bait-and-switch schemes to take advantage of its customers. They may offer you the low-interest rate on your debt consolidation loan, but when trying to get it they tell us we don’t qualify or make things worse for ourselves with unrealistic expectations about how quickly this will happen.

Some customers have said that they were bait and switched, mislead about the terms of their loans, or charged hidden fees. Customers also report being scammed by Advantage Preferred Financial on a number of forums online where people share horror stories from experiences with this company.

If you find yourself in debt, it’s important to know the right way of managing your situation. One option is credit counseling which can help with small debts while a more severe issue may require an outside intervention like negotiating reduced interest rates or even bankruptcy protection from collection attempts by creditors until they’re paid off completely (which isn’t always possible).

Advantage Preferred Financial Pros and Cons

You might be tempted by the low rates offered on Advantage Preferred Financial’s loans, but you’ll wind up paying more than expected. They advertise these as being great options for people with bad credit who want to get out of debt quickly and easily, just don’t believe them!

If you think that your interest rates are bad, just wait until you hear about all the fees. Advantage Preferred Financial has a lot of hidden charges and some people may not even know they exist.

The downside to these types of lenders is that they work with your creditors, but you will still be in debt. You might want to try looking for a settlement company if this doesn’t bother you so much or can help get rid of it altogether.

Advantage Preferred Financial has a variety of loan options, but if you’re looking for the best interest rate and want to avoid hidden fees then it might be worth considering consolidating your debt with them. Otherwise, there are other providers out there which offer better deals so make sure that before signing anything just ask what else is available from each company as well.

What is Advantage Preferred Financial?

If you need help getting out of debt, Advantage Preferred Financial is the company for you. They offer a variety of loans to choose from and their personal financial counseling will ensure that your situation improves quickly.

Accredited Debt Relief Reduce You Total Debt By Up To 50

The company Advantage Preferred Financial is accused of bait-and-switch tactics. They send out direct mail with unrealistic interest rates and repayment terms, only to change it when you call them up for an application process which can be very frustrating. Make sure you understand the terms and conditions of Advantage’s Preferred Financial before applying for a loan.

It’s also important to compare interest rates, and fees from other debt consolidation companies so that when making decisions on which company will best suit your needs as well offer more protection than others in case something goes wrong with one’s plan or they mistreat clients.

How does Advantage Preferred Financial work?

You might think that debt consolidation loans would help you get closer to being free of your debts, but what happens if it turns out not to be reputable? What are some things consumers should know before taking this route?

A lot can go wrong when getting one from Advantage Preferred Financial because they use bait-and-switch tactics which means there’s no actual assistance in reducing total balances or improving credit scores, just more loans! They also don’t have very good reviews online so why risk everything on them as well?

The company is a convincing scheme that promises to give you easy money. Once they get your signature on the dotted line, what does he or she find? High-interest rates and deep debt for those who refuse their offers.

Best Debt Consolidation

If you’re considering using Advantage Preferred Financial for your debt consolidation needs, beware of their bait & switch tactics. It’s best to avoid doing business with this company altogether and there are plenty of other reputable companies out there that can help provide a better service at much less cost than what they offer.

Advantage Preferred Financial Personal Loans

Consider taking out a personal loan or multiple debt consolidation loans if you are struggling with your finances and can’t seem to get out of debt. The best thing about this option is that it will allow for one single payment instead of many small ones, which means lower interest rates overall.

If you’re considering taking out a personal loan or several debt consolidation loans, there are a few things you should keep in mind.

  • First, make sure you understand the terms of the loan and what it will mean for your overall financial picture.
  • Second, be sure to shop around for the best rates and terms before making a decision.
  • And finally, make sure you can afford the monthly payments on the loan.

With a personal loan or various debt consolidation loans, you can get back on track and start living without the worry of credit card bills. Just make sure to do your research so that there aren’t any surprises later down the line.

How to qualify for an Advantage Preferred Financial debt consolidation loan?

To be eligible for an Advantage Preferred Financial debt consolidation loan, you’ll need to have good credit and a steady income. You may also want to provide some of your current finances such as debts or assets so that the lender can determine if you are a suitable candidate for this type of financing option.

If you have good credit and a steady income, you may be able to qualify for an Advantage Preferred Financial debt consolidation loan.

If you’re struggling to make ends meet and need some extra cash, look no further than our Advantage preferred financial services. You can get started by filling out an online application for a loan amount that will be enough to pay off your existing debts with just one monthly payment.

What kind of debt consolidation program does Advantage Preferred Financial offer?

Advantage Preferred Financial offers a debt consolidation loan program that claims to help you pay off your debts. This can be used for credit cards, medical and student loans among other things.

With a fixed-rate loan, you know exactly how much to expect each month. You can budget accordingly and will never be in suspense about when or if your money is coming back.

You may also be able to get a lower interest rate if you have good credit. Advantage Preferred Financial uses bait and switch tactics to lure people with bad credit in with the promise of a lower interest rate, but then they charge a higher rate.

Knowledge is power, and you should exercise caution before signing up for any debt consolidation program. The last thing anyone needs are surprise fees or payments on their end that they didn’t expect! Make sure to read through all of the terms and conditions so there aren’t ANY unpleasant surprises down the line.

How much does Advantage Preferred Financial charge?

Advantage Preferred Financial has a variety of debt consolidation loan services to help you get out from under the weight. The cost depends on what type and how much service is needed, but they do have some hidden fees in there so be aware before signing up for them.

When you apply for credit with this company, there’s a $75 fee that is charged and not refundable if your application process ends up being denied.

The origination fee is the second hidden cost of borrowing. This charge can be looked at as a percentage or flat rate and goes towards funding your loan’s administration when it gets approved by Google Finance.

The last hidden fee is their annual maintenance fee, which is $60. This fee is charged every year on the anniversary of your loan and it covers the cost of maintaining your account.

The cost of a debt consolidation loan will depend on the size and interest rate, but you can expect to pay anywhere from $500-5 thousand dollars. This is not an inexpensive process so it’s important that before making this decision compare rates with other lenders as well.

What is the minimum credit score for an Advantage Preferred Financial debt consolidation loan?

To qualify for an Advantage Preferred Financial debt consolidation loan, your credit score must be at least 640. However, there are other factors that determine whether or not you will receive this kind of financial assistance including income and employment history as well.

If your credit score is high and you have a strong financial history, lenders may approve loans with lower interest rates.

To apply for a loan, you’ll need to provide some basic information about yourself and your finances, including your Social Security number, credit score, and annual income. Advantage Preferred Financial will then run a hard credit check, which may impact your credit score.

If you’re approved for a loan, the funds will be available in as little as one business day. You can then use that money to pay off your outstanding debts and only have one monthly payment left after those are paid off.

Who owns Advantage Preferred Financial?

The company is run by Carma Farrar, who started it in 2011 with the mission to help people improve their financial lives.

Carma’s business has come under scrutiny in recent years. She is accused of bait-and-switch schemes, where she promises one thing but then delivers something different entirely.

Carma continues to run Advantage Preferred Financial as she sees fit, without any regard for the complaints against her. If you’re considering doing business with this company be aware that there is a chance it may not live up to your expectations.

How does Advantage Preferred Financial affect your credit?

Hard pulls and late payments can really hurt your credit score. It’s important to understand the risks involved in using this company before committing.

When a lender checks your credit score in order to make a lending decision, this is called a hard pull. Hard pulls can slightly lower your credit score, but they typically only have a temporary effect.

If you make a late payment to Advantage Preferred Financial, this will also be reflected on your credit report. Late payments can cause your score to drop significantly, so it’s important to always make payments on time.

While Advantage Preferred Financial won’t have a major impact on your credit score, it’s important to be aware that hard pulls and late payments can still affect how much you’re owed.

How to cancel Advantage Preferred Financial?

Your cancellation is subject to a number of conditions, including that the loan is paid in full. If you cancel your account before it’s been fully satisfied then we won’t process any further payments or credits towards this arrangement, so make sure all outstanding balances have been settled first.

Who is Advantage Preferred Financial affiliated with?

Advantage Preferred Financial has been associated with several negative organizations and scams. They are known to be linked, though not directly tied up in any one particular scheme that might have caused them some grief along the way. Hey, have been known to be affiliated with Advance America, which is a payday loan company that has been accused of scamming people out of their money.

It doesn’t appear that Advantage Preferred Financial is exactly the most reputable company out there. They’re associated with National Credit Adjusters, which has been accused of harassment and illegal practices, so if you’re considering doing business with them think twice.

Advantage Preferred Financial BBB Reviews

Advantage Preferred Financial is a company that provides financial services. They are accredited by the Better Business Bureau (BBB) and have an A- rating. The BBB has closed eight complaints against them in the last three years, with one complaint closed in the last twelve months.

The business has a reputation for being poorly run and difficult to work with. Complaints against this company Include problems such as long wait times on hold, exorbitant prices due to their low-star rating with the Better Business Bureau (BBB), numerous billing errors in which they charge customers more than what’s quoted during an initial phone call or encounter by one of their representatives, sometimes even up until cancelation day.

Toby F. 04/20/2022

[ star rating = “1” ]

I have tried to pay my collection debt with this company for a couple of years. We are two broke adults working more than full time to pay off our debt. When I called in to make a deal of what money we had which was more than 50% of what they were asking for and they denied me saying since I didn’t take their deal over a year ago I have to pay pull cost. I told them we don’t have that money and all we have is this amount and we could pay this amount now.

This company has been hitting my husband’s credit going on for 6 years now and just found out only 2 years ago that this was even on there. I am very disappointed that they would make us pay the full debt that has accumulated interest every day even though we have offered to pay but just can’t pay all of it. We have worked with other collection companies that will take whatever we can get and call it good and they are way higher debts than this. I told them I will contest this because we have made two attempts to pay this off and they will only go down maybe $25 dollars.

Steve H 11/04/2020

[ star rating = “1” ]

I am on SSDI Being disabled is hard enough, not being able to work because of Covid-19. I had a phone call from these nasty abusive bullies. Twisting my conversation around and trying to make me feel a lot worse than I do. Their guy James was the worst, saying I was avoiding paying my bill and refusing to work to pay my bills. Pushing me to make commitments that I could not really afford. These guys are violating several laws. But good luck catching them. I know one thing, that guy would never talk to me that way to my face.

Joy M 05/22/2019

[ star rating = “1” ]

They are inconsistent. I did not have an account on my credit report for the longest time. I thought it was because I paid it fairly quickly (I’m not sure, it was SIX YEARS AGO) and it was less than $100. All of a sudden, years later, it appears on my report, lowering my score. I realize accounts are supposed to stay on your report for seven years but why not report for years and then report it out of the blue? It’s ridiculous.

William W 05/13/2019

[ star rating = “1” ]

Tried to strong-arm for a debt I didn’t owe. This kind of attorney barely passed the Bar, and now tries to benefit from those that are afraid of silly collection calls. Stand up to me, they’re worthless. I’m a financial planner, and their call center does not know the law. Please, please don’t listen to the crap coming out of their mouth. I’m reporting them to the BBB.

Is Advantage Preferred Financial Legit or a Scam? 

It’s hard to know what company you should trust, but many people have complaints about Advantage Preferred Financial. It may be best not to use them and instead find another lender that isn’t as sketchy.

Customers have reported getting direct mail from the company that looks like an offer for a low-interest loan. However, when they call to take advantage of this great deal and are told it has changed – with interest rates now much higher than what was originally advertised (and sometimes even pressured into taking out loans if customers don’t want any more hassle).

Have you had any experiences with Advantage Preferred Financial? Share your story in the comments below.​

Thank you for reading.

Jayden Taylor loves spending time with her three children and husband of 14 years. She enjoys reading, writing, and personal finance education. After overcoming significant debt through consolidation, Jayden is passionate about helping others do the same. When she's not working or spending time with her family, you can find her hiking or camping in the beautiful Colorado Rockies.