Pacific Debt Relief Vs Lendvia: Which is the best option? - National Credit Foundation (2023)

In this test we comparePacific debt reliefcontraLendviato help you decide which company is best for you, whether you're looking for a personal loan or looking to pay down debt. Read on to learn more about the similarities and differences between the two companies.

Pacific Debt Relief Review: Clients Ranked Them #1In debt consolidation

Do you have many debts? Having trouble making your monthly payments?debt consolidationit may be an option for you if you are looking for financial relief. It is important to make sure that the debt consolidation company you choose is legitimate and will not scam you before you decide to go with them. To help you decide if Pacific Debt Relief is the right debt relief option for you, we'll examine the company's track record, services, and fees.

This debt settlement company offers a range of debt consolidation services, including credit card consolidation, medical billing consolidation, personal loan consolidation, and student loan consolidation. You can work with a team of debt counselors to help you develop a debt consolidation plan that meets your financial needs. They will contact your creditors as soon as you sign up for their program to negotiate lower interest rates and monthly payments. If you're having trouble making your payments, we'll help you find a solution.

Many things set Pacific Debt apart from other debt consolidation companies, but their experience is undoubtedly one of the most important factors. Pacific Debt has over 20 years of experience helping people get out of debt and thousands of satisfied customers.

For those with debt, Pacific Debt Relief could be an attractive option due to some of its features. First of all, there are no hidden fees or upfront costs. Additionally, they charge a one-time setup fee of $49 and a monthly fee of $39, which includes access to their online portal, customer support, and debt counseling services.

Is the Pacific Debt Relief service fraudulent? This company is not acting like a scam. They are a reputable debt consolidation company that has been helping people reduce their unsecured debt for many years. If you are looking for debt relief, Pacific Debt Relief is a great option.

reflexes

• There are no upfront fees for consultations.
• Up to 35% of fees could be saved
• Online account management makes it easy to keep track of your account

appointments

• Staff tend to push you to make a decision and be aggressive.
• Savings may be reduced by up to 15% for some consumers due to fees
• You must reside in a state where Pacific Debt operates to qualify for the debt relief program.

Pacific Debt Relief:what isES?

Debt relief involves the reduction or elimination of debt. A variety of methods can be used to accomplish this, such as: B. Settlement, liquidation, or bankruptcy. The company has helped more than 30,000 clients settle and resolve more than $1 billion in outstanding debt since 2002. They provide debt relief services to thousands of satisfied clients.

This debt settlement company is a great option for consumers who are struggling to make minimum payments and want to lower their monthly payments.

Debt relief may be needed for a variety of reasons. You may have lost your job and can't pay your bills. You may not be able to work due to a medical emergency. Whatever the reason, they can help.

They will tailor a solution to suit your needs and budget. Their success rate is 85%, so you can be sure that they will do everything in their power to help you.

how it worksthis signatureWork?

To help people get out of credit card debt, Pacific Debt Relief offers debt consolidation loans. The company is negotiating with creditors to reduce monthly payments and interest rates for its customers. In addition, the organization provides financial education to help people manage their money more effectively and avoid going into debt in the future.

Consolidating your credit card debt and unsecured loans can save you interest. Thousands of people have been helped through his debt relief services and his success rate is high.

Pacific Debt Relief Overview

• Affiliated with the American Fair Credit Council, the Better Business Bureau, Consumer Affairs, and the International Association of Professional Debt Arbitrators
• Online or telephone consultations are free.
• Enrollment in the program involves costs of 15% to 25%. Different states charge different rates.
• Contact by phone or e-mail
• A wide range of unsecured debt is accepted, with the exception of consumer credit, payday loans, court judgments, and medical debt that has not yet been collected. Being in debt of at least $10,000 is generally considered acceptable
• Debt management blog with useful and free information
• Pacific Debt Services is only available in 25 states
• Debt settlement through direct negotiation
• Better Business Bureau rating of A+ and Trustpilot rating of 9.3
• Processing time is 24 to 48 months

What type of loan doesESOffer?

To meet your debt goals, you can consolidate your debt and invest in home equity through Pacificdebt.com. With its variety of loan options, you can customize a debt relief solution to meet your unique needs.

Debt can be difficult to handle on your own. You may feel like you are stuck with high interest rates and monthly payments. However, there is hope. A debt settlement company like ours can help you by negotiating lower interest rates and monthly payments with your creditors. This saves you money every month and helps you get out of debt faster.

Home equity loans can be secured by your home equity. This type of loan can allow you to pay off your debt and start over. Home equity loans generally have lower interest rates than credit cards and personal loans, so you can save money on interest.

They may be able to help you find a debt relief solution that fits your needs, regardless of your financial situation.

How to Qualify for Pacific Debt Relief?

Debt relief companies can help those struggling with debt regain control. What are the requirements to obtain a loan of this type? Here is information on how Pacific Debt Relief can help you.

The minimum amount of debt you can consolidate through Pacific Debt Relief is $10,000 and the maximum is $100,000. You must also have good credit and a regular income.

There is a possibility that you may be eligible for a debt relief loan from Pacific Debt Relief if you meet these criteria. Compared to other debt relief companies, it is a simple process that will allow you to get debt relief much faster.

How to register in Pacific Debtrelief?

To enroll, speak with a certified debt specialist who will review your financial situation and help you determine if debt settlement is a viable option.

To schedule a free consultation with Pacific Debt, follow these steps:

• Visit the Pacific Debt Inc. website.
• Click Free Advice for free debt advice.
• Select your debt amount and click View Savings
• If you fall behind on your payments, you can choose the period of arrears
• Choose your country of residence
• Once all contact information has been entered, click Submit

How much does it cost to use this company?

This depends on the amount of debt you have and the type of payment plan you are considering. Their commissions generally range between 15 and 25% of the registered debt. So if you are $10,000 in debt, you can expect to pay between $1,500 and $2,500 over the life of the loan.

Payment amounts are estimates only: the terms of your debt consolidation loan will determine your actual payments. There are no fees to use their services. If you want debt settlement services with no hidden fees or surprises, Pacific Debt may be the best option for you.

Pacific debt relief:What could you save with it?

If you are trying to reduce your debt, Pacific Debt Relief can help. With an average saving of 50% it is possible to save a significant amount of money. However, it should be noted that this is done before any fees are collected.

There are no additional fees and average savings range from 15% to 35%. It may not be possible to save money through Pacific Debt Relief. Working with Pacific Debt Relief could be a good option if you're willing to trade some potential savings for convenience.

Minimum credit score for a Pacific debt relief loan

To qualify for a loan from Pacific Debt Relief, you must have a credit score of 660 or higher. If your score is lower, you may still be able to work with it. In addition to low interest rates, they also offer their clients flexible payment terms. You can expect higher interest rates if your credit score is lower than expected.

How long will it take for the Pacific Debt Relief Program to start paying down your debt?

Pacific Debt Relief's program is designed to help you restructure your debt as quickly as possible. After you enroll in the program, your creditors will work with you to negotiate a debt consolidation loan that will allow you to pay off your debt in full.

Most of the time, they can pay off our clients' debts within 12 to 36 months. During this time, you will work with them to create a budget and payment schedule that meets your financial needs. If you're having trouble paying off your credit card debt, the company can negotiate a lower interest rate or monthly payment amount with your creditor.

How do they affect your credit score?

Debt relief can have a negative impact on your credit score, there's no question about that. Pacific Debt Relief can indirectly affect your credit score, but you may not be aware of it.

When you enroll in a debt relief program, Pacific Debt Relief negotiates with your creditors on your behalf to lower your monthly payments and/or interest rates. This process is known as debt settlement.

Your creditors will receive regular payments from you each month if you accept their debt settlement offers. These payments will be withheld until we have sufficient funds to pay your debt.

Once your debt has been paid off, it will be reported to the credit bureaus as "paid off." Your credit rating will be negatively affected. Even so, paying off debt is still better for your credit than bankruptcy.

How to use the Pacific Debt Relief website?

The Pacific Debt Relief website is a great resource for those seeking debt relief. To maximize its potential, you can use it in the following ways.

Calculate your savings with the Calculate Savings tool. When you work with Pacific Debt Relief, you can see how much money you can save.

Check out the Success Stories section below. This is a great opportunity to see how Pacific Debt Relief has helped real people.

Finally, read the Frequently Asked Questions section. Learn everything you need to know about paying off debt and how Pacific Debt Relief can help.

Follow these simple steps to get debt relief.

BBB Ratings

If you are considering Pacific Debt Relief to help you with your debt, you may be concerned about your BBB rating. Pacific Debt Relief's BBB rating and the company's complaint history are listed below.

There have been three closed complaints against Pacific Debt Relief accredited by the Better Business Bureau in the last three years and one closed complaint in the last 12 months. While this record is not perfect, it does show that Pacific Debt Relief regularly responds to complaints.

If you are considering using Pacific Debt Relief to reorganize your finances, you may want to take a look.BBB Rating. You can learn more about the company by reading their complaint history.

Here are some BBB reviews on Pacific debt relief:

Brian D 22.07.2022

Pacific debt relief:EsESLegitimate?

This is a question that many people ask themselves. Many people wonder if this company is legit and if it pays off millions of dollars in consumer debt.

Thousands of people have recovered from their debts with Pacific Debt Relief, a legitimate debt relief company. The company has been in business for over 20 years and has an A+ rating from the Better Business Bureau.

Only half of the federal states are served, which is a serious disadvantage. Also, you may not get the cheapest price. You may be able to save money by finding a company with a lower interest rate or fees.

Many companies claim they can help you get out of debt, but not all of them are reputable. Pacific Debt Relief helps people improve their financial situation by helping them get out of debt. If you are serious about debt reduction, Pacific Debt Relief is a great option.

Lendvia Review: Is it a Scam or Legit?

This company, known as Lendvia Financial, makes loans to people with bad credit. There is nothing fraudulent about them and they are a real company. Despite being members of the Better Business Bureau (BBB) ​​and the American Fair Credit Council (AFCC), they do not have a file with the Better Business Bureau.

Lendvia Overview

In addition to helping you consolidate your debt, Lendvia Financial can help you obtain an installment loan from one of its lending partners. To learn more about their services, visit their website, LendviaFinancial.com.

Borrowers in Sherman Oaks, California are matched with lenders based on their financial needs.

EssentialsFrom Lendvia

This company lures customers with pre-screened mail offers to lure them into the company. You may have received a letter from a company offering to help you consolidate your debt.

The offer piqued our curiosity, so we investigated further. Our results are the following:

• Lending Partners offers interest rates between 4.99% and 34.99%.
• Loan amounts range from $5,000 to $100,000.
• While the company can help you find the right lender for your situation, approval is not guaranteed.
• The term is from one to five years.
• To collect your information, the company works with partners and third parties. When you apply for a loan, they share your information with their network of lenders.

Lendvia:what isES?

Through Lendvia, consumers can connect with lenders who issue debt consolidation loans. In addition to helping borrowers choose loan options and working with a loan counselor, they are not lenders themselves. You can lower your monthly payment by paying off your credit cards with your financial plan.

The company has been in business since 2019. According to its website, it is located at 15303 Ventura Blvd. You can contact the company at[Email protected]or by calling 888-699-3080.

According to Lendvia, it helps its clients get out of debt faster and save more money.

At the moment, Lendvia does not have a BBB file or a Trustpilot page where customers can read customer reviews.

How does this company work?

Lendvia offers you an unsecured installment loan. How Lendvia works:

Application process with a “credit coach”

Your credit coaches are available to you free of charge and without obligation when you apply. Several items must be provided, including your personal information, level of debt, credit score, and whether you have defaulted on your payments.

By providing your information, you agree that Lendvia Financial and its affiliates may contact you by phone, SMS or email from any address you provide. This category includes bookmarks, recorded voice messages, and automatic dialers.

Choosing a lender

After completing the application process, Lendvia credit partners receive your information.

Review your credit terms

Review their terms, verify your information, and read the fine print carefully before signing any documents or beginning the loan application process.

Lendvia Reviews

Neither Lendvia nor the Better Business Bureau (BBB) ​​are members of the American Fair Credit Council (AFCC).

Other than Google, Trustpilot, and Yelp, Lendvia has no reviews.

How much do you charge

Lendvia does not explicitly state the fees it charges for its services, so it is difficult to determine.

This loan is subject to a fee. The fee is deducted from the loan amount at the beginning and is a small percentage of the loan amount. Your loan will be covered for all costs associated with the origination, administration and maintenance of the loan. Other fees, such as registration fees, prepayment penalties, or annual fees, are not included. Before accepting an offer, you will receive a detailed description of the terms and fees.

Interest Rates and Conditions

Lendvia has simplified and fixed its terms and conditions. You can choose a payment plan that suits your needs and budget, with a low monthly payment ranging from 4.99% APR to 34.99% APR.

Lendvia customers can choose between a loan amount of US$5,000 and US$100,000 and a term of 1 to 5 years.

This is what you can save with this company

Depending on your level of debt, a debt consolidation loan can lower your monthly payments and save you money on interest payments. You could save thousands of dollars if you have a lot of debt. It is still possible to save money through debt consolidation, even if you have less debt. Financing costs can also be reduced.

Lendvia:Qualification factors and eligibility

There is a right to know exactly what factors are considered when making a credit decision.

Credit utilization rates play an important role in determining your creditworthiness. The ratio is calculated by dividing the total outstanding balances by the maximum credit limit. You would have a 37.5% utilization rate if you had two credit cards with a $1,000 limit and you owed $500 on one and $250 on the other.

It's important for credit bureaus to look at your credit utilization rate when evaluating your financial history. You are good at managing your finances and keeping your balance in check when you have a low utilization rate. Conversely, a high ratio may indicate difficulty paying down your debt.

Debt to Income Ratio

To maintain financial stability, it's important to keep your DTI low. The debt-to-income ratio measures the amount of debt you owe each month compared to your income. If your DTI is high, it suggests that you may be struggling to meet other financial obligations and make ends meet. To keep your debt under control, you also need to have room in your budget for other expenses.

income history

To get approved, you need a reliable source of income.Before applyingIt is ideal if you have been employed continuously for at least a year or two.

credit score

Lenders take credit scores into account when you apply for a loan. You are more likely to get better rates and terms when your FICO score is higher.

Other application requirements

You may need to provide some items. These include:

• Your passport, driver's license or state-issued ID along with a color photograph.
• To prove your income, you must present two recent payslips. If you are self-employed, you must provide your most recent 1040 tax records.
• Bank statements of the last months of your bank account.

Does Lendvia affect your credit score?

Lendvia's network of lenders reviews consumer loans at TransUnion, Experian, and Equifax.

Applying for a loan through Lendvia will not affect your credit score. The hard load on your credit report can affect your FICO score when choosing a particular lender.

How do you handle my personal data?

By using its network of lenders, Lendvia connects you with a lender who can meet your specific financial needs. It is the customer's responsibility to consent to the sharing of their personal and contact information by lenders.

So different companies on your network can call, email, or text you. You can unsubscribe at any time.

What about your credit cards?

To qualify for any of Lendvia Financial's offers, you must close some credit cards. You can choose which debts you want to pay off and close, as well as which cards you have left to pay off each month.

Is Lendvia legit?

After researching and analyzing the online presence of Lendviafinancial.com, we believe that it is a legitimate company. Without reviews or accreditations demonstrating the business practices of the company, it is difficult to get a complete picture of the company.

It is recommended that you read and research customer reviews before purchasing. This approach allows you to make the best decision for your situation.