Tripoint Lending Personal Loans Reviews: Is it Legit or Scam

Tripoint Lending Personal Loans Reviews: It offers a diverse range of financial solutions to cater to customers’ various needs. These solutions encompass personal loans, business loans, and debt consolidation loans.

With a strong commitment to helping individuals and businesses alike, Tripoint Lending aims to assist customers in fulfilling their financial aspirations and overcoming challenges. Whether it’s for personal expenses, business ventures, or managing debt more effectively, the company endeavors to be a reliable source of support for its clients’ financial well-being.

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Tripoint Lending Personal Loans Reviews

Tripoint Lending Personal Loans Reviews: Is it Legit or Scam

For those facing financial difficulties due to debt and contemplating the prospect of engaging a debt consolidation firm, TriPoint Lending may have caught your attention. The company asserts its ability to provide both personal loans and debt relief services. However, there exist numerous apprehensions surrounding the legitimacy and standing of this company. Many individuals and financial circles raise questions about TriPoint Lending’s credibility and reputation. It is essential to thoroughly research and consider all aspects before deciding to work with them for your debt consolidation needs.

Tripoint Lending prides itself on offering a straightforward and efficient loan application process, enabling customers to apply online and promptly receive a decision. The company emphasizes competitive interest rates and adaptable repayment terms as part of their commitment to providing affordable and convenient borrowing options. With a focus on customer convenience, Tripoint Lending aims to make the loan application and repayment experience as smooth and hassle-free as possible.

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Advantagses : Tripoint Lending Personal Loans Reviews

Tripoint’s personal loans stand out from other lenders due to several advantageous features. Notable benefits include:

Low-Interest Rates

Tripoint offers competitive interest rates, making their personal loans a cost-effective option that helps borrowers save money throughout the loan term.

Flexible Repayment Terms

Recognizing the uniqueness of each individual’s financial situation, Tripoint provides flexible repayment terms. Borrowers can select a repayment period that aligns with their budget and financial objectives.

Quick and Easy Application Process

Tripoint has simplified the loan application process, ensuring it is swift and hassle-free. With an intuitive online application platform, borrowers can conveniently apply for a personal loan from the comfort of their own homes.

Qualification : Tripoint Lending Personal Loans Reviews

Tripoint Lending assesses each loan application on a case-by-case basis. While specific requirements may vary, there are some general criteria to consider. These include maintaining a debt-to-income ratio below 50%, having verifiable employment for at least one year (preferably W-2 employment), and demonstrating the ability to make monthly payments using current income. These standard prerequisites are applicable to personal loans.

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Credit Score : Tripoint Lending Personal Loans Reviews

TriPoint Lending does not impose a minimum credit score requirement. However, applicants should be aware that a credit score below 640 may result in higher interest rates. Conversely, having a credit score above 700 enhances the likelihood of securing more favorable loan terms from TriPoint Lending.

Issues : Tripoint Lending Personal Loans Reviews

The main concern with TriPoint Lending revolves around its marketing practices. Many recipients receive enticing mailers claiming they are “Pre-Qualified” or “Pre-Selected” for a substantial loan at a low-interest rate, typically around 4-5% APR. However, when contacting TriPoint Lending, they often encounter a “bait and switch” situation.

BBB Reviews and Ratings : Tripoint Lending Personal Loans Reviews

TriPoint Lending is an American company specializing in providing personal loans. Established in 2006, the company has been operating for several years. TriPoint Lending holds membership with reputable organizations such as the Better Business Bureau (BBB), where they proudly maintain an A+ rating. Additionally, they are part of the National Association of Personal Financial Advisors (NAPFA).

TriPoint Lending’s track record with the Better Business Bureau (BBB) reveals eight closed complaints within the past three years, with two of those complaints resolved in the last twelve months. The BBB notes that while most personal loan companies are legitimate and adhere to best practices, some lenders in this industry may exploit consumers.

If you are contemplating a personal loan, it is crucial to conduct thorough research on the lender before committing. Tripoint Lending holds accreditation with the BBB and boasts an impressive A+ rating. Additionally, they have received a four-star rating from Trustpilot.

Pros & Cons : Tripoint Lending Personal Loans Reviews

When considering a personal loan from TriPoint Lending, it’s essential to weigh the pros and cons. Unfortunately, based on numerous customer complaints, the cons seem to outweigh the pros with this lending company.

TriPoint Lending has received a significant number of negative reviews primarily due to issues like hidden fees, high interest rates, and unsatisfactory customer service. Borrowers have also expressed feeling misled about the loan terms, leading to additional financial difficulties in the future.

If you are contemplating a personal loan with TriPoint Lending, thorough research and reading multiple reviews are crucial. Exploring alternative options may be prudent before reaching a final decision.

Your Doubts : Best Answers

Normally, Borrowers have some confusion about Tripoint Lending Personal Loans in their mind. So, here we provide “Tripoint Lending Personal Loans Reviews” article to help you.

What is the revenue of Tripoint Lending?

Tripoint Lending’s revenue is less than $5 million.

What industry does Tripoint Lending operate in?

Tripoint Lending operates in the finance industry, specifically in the fields of finance general and finance services.

How much does TriPoint Lending cost?

According to Tripoint’s claims, the annual percentage rates (APRs) offered to first-time borrowers range from 5.49% APR to 30.00% APR. As a result of this wide range, the monthly payments for borrowers will naturally differ. Tripoint aims to provide borrowers with various options based on their individual financial circumstances and creditworthiness. It is important for potential borrowers to carefully consider these APR ranges and their corresponding monthly payment implications before making any decisions.

How many employees does Tripoint Lending have?

Tripoint Lending currently has less than 25 employees.

Who is the owner of Tripoint Lending?

TriPoint Lending is a privately held company established in 2017, headquartered located at Irvine, California. Its CEO is Michael F. Barsoum.

Is Tripoint Lending a legitimate company or a scam?

Tripoint Lending appears to be a legitimate marketing lead generator offering loans at low interest rates to pre-qualified individuals facing financial hardship. However, some customers have accused the company of running a bait and switch operation. The company has received mixed reviews, with some customers praising its quick application process and competitive interest rates, while others have expressed concerns about high interest rates and aggressive sales tactics.

What is Tripoint Lending’s contact information?

Tripoint Lending can be reached at (800) 307-1789. For more details, you can visit their official website at

Does Tripoint Lending check credit reports?

Yes, like many lenders, Tripoint Lending typically performs a credit check on potential borrowers to assess their creditworthiness and determine loan terms such as interest rates.

What is the range of APR offered by Tripoint Lending?

According to Tripoint, their annual percentage rates (APRs) range from 5.99% APR to 35.99% APR, with the lowest rates reserved for the most creditworthy borrowers. These rates are subject to daily changes, and the minimum loan amount is $5,000.00, while the maximum loan amount is $100,000.00. Eligibility is not guaranteed and depends on meeting credit and other conditions.

How does Tripoint Lending impact credit scores?

When applying for a personal loan with Tripoint Lending, a hard inquiry is typically made into the borrower’s credit history, which may temporarily lower their credit score by about five points.

Does taking a loan from Tripoint Lending hurt credit?

Taking out a loan from Tripoint Lending can impact credit scores both positively and negatively. It can positively affect credit by demonstrating responsible debt management. However, missed payments or loan defaults can negatively impact credit scores.

Is Tripoint Lending a public company?

No, Tripoint Lending is a private company and does not have an official ticker symbol as it is not publicly traded. If you wish to contact Tripoint Lending, you can use the following information: Phone number: (800) 307-1789 Website:

Does being pre-approved guarantee loan approval?

No, being pre-approved by Tripoint Lending does not guarantee loan approval. If the borrower’s creditworthiness changes before the loan application, or if their income is insufficient to support loan payments, the application may be denied.

What are Tripoint Lending’s SIC and NAICS codes?

Tripoint Lending’s SIC code is 61,616, and its NAICS code is 52,522.

TriPoint Lending Reviews: Scam or Legit?

TriPoint Lending has received mixed reviews from customers. While some appreciate the company’s services, others have concerns about its practices. Factors like credit score fluctuations and income verification can affect loan approval. Careful consideration and research are essential before deciding to work with the company.

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