Crestridge Funding Review: Is It Legit, or Another Bait & Switch?

If you’re struggling with debt, Crestridge Funding may be able to help they are in the top debt relief companies. Also, they advertise personal loans and debt consolidation loans that can help you get your debt free.

You can check out their website at crestridgefunding.com

Review Summary:

As consumers, it is important that we are familiar with the debt relief companies we do business with. Before giving Crestridge Funding our business, we made sure to do our research and gave them a two-star rating.

If you’ve received mail from Crestridge Funding to get a debt consolidation program recently, you’re not alone. Thousands of Americans receive these offers every day, and many of them are tempted by the low-interest rates and large amounts of money that they’ve been “pre-approved” for (see a sample Crestridge Funding direct mail offer below). So we decided to do our research and see what this company is all about.

When you examine the loan terms of the debt consolidation program closely, you may notice some interesting facts.

• Crestridge Funding is not a lender; they have working relationships with a network of independent lenders and online lenders who may be able to provide you with credit like other funding agencies.
• The amount of the loan, the term of the loan, and the APR may vary depending on credit determination and state law. The minimum loan amount varies from state to state.
• The approval process may take longer if additional documents are requested. Approval and loan terms will vary based on credit determination and state law.

After reading the fine print on the Crestridge Funding website, we also found very important information.

•  Annual Percentage Rates (APR) range from 2.92% (AAA) to 24.99% (DD+). 
• To qualify for AAA Crestridge Funding, you must have excellent credit and meet other conditions.
• Any of the lenders may decline to extend credit to you, after receiving your application.

Who is Crestridge Funding?

Crestridge Funding is not a lender, but they have a network of independent lenders and online lenders (“Lenders”) that they work with who may be able to provide you with credit. They don’t engage in the business of lending like others funding agencies, but they can put you in touch with the right people who may be able to help you out, like others debt relief companies.

Crestridge Funding is a company that matches people with the financial assistance they may need. They are located at 2300 Main Street, 9th Floor, Kansas City, MO 64108, and their phone number is (877) 958-5431.

Crestridge Funding is not a member of the Better Business Bureau, but they do boast a 4-star rating on Trustpilot.

How does Crestridge funding work?

If you want to take advantage of their offer, you’ll need to use your Personal Offer Code. They advertise Annual Percentage Rates (APR) that can range from as low as 2.92% (AAA) all the way up to 24.99% (DD+). To qualify for AAA Crestridge Funding, you’ll need excellent credit and meet some other conditions.

The APR you see on their offer is just an example – actual rates may be higher or lower depending on various factors, including your credit score. All applications are subject to Crestridge Funding’s approval process, which includes but is not limited to Application review, verification of your credit history, credit score, monthly expenses, identity verification, and employment and income verification. If approved, the lender will be the originating Lender and not Crestridge funding

When you first sign up on their website, you will agree for your information to be sent to different lenders. Unlike most online lenders, Crestridge Funding affords easy access and affordability, minus the tall list of requirements. Also, their site requires you to agree to the following:

 “I request that my information be provided to their partners, lenders, and financial services partners to provide me with financial recommendations, which may also include debt relief, credit repair, credit monitoring, or other related services. I agree to be contacted by Even Financial and/or Crestridge Funding its partners and their affiliated companies and financial institutions via email, postal mail service, and/or at the telephone number(s) I have provided above to explore various financial products and services I inquired about, including contact through automatic dialing systems, artificial or pre-recorded voice message, or text message. “

How much does Crestridge Funding cost?

You will not be charged any fees by the company for their services. However, you may receive fees from lenders in different amounts for different products in different places. The lenders or other service providers may charge you fees in connection with the loans or other products they offer.

Crestridge Funding Reviews

Crestridge Funding they don’t have any debt consolidation reviews from Better Business Bureau because they are not a member, but they do have a 4-star rating on Trustpilot.

Here are some Trustpilot reviews.

Yaz Kensington 2/21/2022

I saw Crestridge online and I inquired about it. I took advantage of their loan offer, especially since I was in a little bind. A woman from Crestridge was kind enough to call me but I was in my car that time and I told her I’ll look at it once again on my laptop. Then my wife and the representative helped me with the application process. The representative was legit and very knowledgeable and I like the way she helped me through the application.

Syahirah Solihin Feb 16, 2022

This is a solution for those who had multiple loan/debt commitments and focus just on one lender with a lower rate of interest after consolidating all your loan/debt with Crestridge funding.

Alexina Fuentes 2/12/2022

They were so helpful and made sure that I knew what I was doing and that I understood everything that I was doing. They made sure I knew what the interest was and when my payments were due. The application process was very simple and the staff was very helpful. They made sure that I knew what to put and where to put it at.

They had very fair rates and the terms were very easy to understand. I also understood when my payments were due and how to process the payments. They gave me lots of information to use when I was approved for my application and they also made sure that I knew what to do to get tools online and how to use them.

If you are considering using Crestridge to help you with your debt problems, you should be aware that there are better options available. You should also be aware that there are many scams out there that claim to be able to help you with your debt problems. You should always do your research before doing business with any company.

Crestridge Funding FAQs

How does Crestridge Funding affect your credit?

Crestridge Funding may review your credit history. This is called a soft inquiry and usually does not affect your credit score. Soft inquiries are often performed as background checks to see if you qualify for pre-approval for a credit offer.

What should I do if Crestridge Funding asks for my personal information?

Crestridge Funding is not a lender, but instead a company that matches you with direct lenders. By providing your personal information to Crestridge, you are agreeing to have your information shared with their partners, lenders, and financial services partners. These entities may provide you with recommendations for financial products and services, including debt relief, credit repair, and credit monitoring.

Risks of Debt Consolidation

Before you consolidate your debt, it’s important to understand a few things. A personal loan might come with low-interest rates, which can save you money on interest payments. Here are a few things to keep in mind:

• Debt consolidation is a refinanced loan with extended repayment terms. This means you may be in debt for a longer period of time.
• Just because you consolidate your debt doesn’t mean you’ll get a lower interest rate.
• Debt consolidation is not the same as debt elimination.

1. It’s important to understand how it could affect your overall interest payments. Although you may have a lower monthly payment with a debt consolidation loan, you could end up paying more in interest over time if the loan has a longer term. On the other hand, if you make extra payments each month, you could pay down the principal loan amount faster and save on interest. Ultimately, it’s important to weigh all factors before deciding whether or not to consolidate your debt.
2. Origination fees can be a real pain when it comes to debt consolidation loans. Make sure you know what you’re getting into before signing on the dotted line. A balance transfer credit card may be a better option, as you could avoid paying these fees altogether.
3. If you take out a secured loan and default on the payments, the lender could foreclose on your collateral. This is a risk with any loan that requires collateral, such as a home equity line of credit (HELOC). Defaulting on a loan can have major consequences, so be sure to only borrow what you can afford to repay.
4. Another concern is high credit utilization. If you find yourself with a lot of debt, your credit utilization ratio may be high. This can happen when your debt starts to eat into your overall credit. For example, if you have three credit cards with a total credit limit of $6,000 but use up $3,000, your credit utilization would be 50%.
5. Debt can be a slippery slope. If you’re not careful with your spending habits, you could fall deeper into debt. A debt consolidation loan can help wipe away credit card debt, but if you’re still using your credit cards, it could put you right back where you started. You might have streamlined the process by having only one payment to make each month, but if you’re still spending, you’re not going to solve your debt problem.

If you find yourself struggling with multiple debts and high-interest rates, debt consolidation may be a good option for you. By consolidating your debt into one loan with a lower interest rate, you can save money and simplify your monthly payments. However, before you consolidate your debt, it’s important to understand how it works and to make sure it’s the right choice for you.

Debt consolidation is not a magic solution that will fix all of your financial problems. If you’re not careful, you could end up in even more debt. That’s why it’s important to understand how debt consolidation works and to make sure it’s the right choice for your situation.

Here are some things to consider before consolidating your debt:

Do you have a solid credit score? You may qualify for a lower interest rate if you do.

Do you have a plan in place to get out of debt and stay out?

Is Crestridge Funding Legit or a Scam?

Although crestridgefunding.com has a 4-star rating on Trustpilot, they are not an actual lender. They generate leads for other companies but do not lend money themselves. And there is no BBB account for Crestridge Funding either.

However, If you’re looking to compare different rates and loan terms, Crestridge Funding is a great option. They’re legitimate and may help you get the information you need to make the best decision for your finances.

Do you have any experience with Crestridge funding? If so, please let us know about your experience in the comments.