Are you considering using the services of Safestone Financial company? Then this review is just for you.
In personal finance, it’s crucial to find the right partner to navigate the intricacies of loans and debt management. Before deciding on what to do, it’s important to understand what Safestone Financial offers and the potential hazards associated with its services.
In this blog post, we will look at the core aspects of this Safestone Financial Review, shedding light on what they do, their advantages, disadvantages, and the critical factors you need to consider before deciding whether to use their services.
What Does Safestone Financial Do?
The first thing you need to know about Safestone Financial is that it is a lead-generating company. This means it aims to connect you with prospective money lenders by providing your details. Safestone makes its money by selling your personal information to money lenders.
This can be a significant drawback because your information will be out there, making you a constant lead for many other money-lenders. Not everyone likes having their information circulated to multiple companies, making this an upsetting move for a larger percentage of individuals.
Does Safestone Financial Offer Debt Settlements and Consolidation Programs?
Contrary to the assumption of most persons, Safestone Financial does not offer debt settlement or consolidation programs themselves. The third-party money lenders they would connect you with might also have high rates.
So, before accepting any offers from Safestone Financial, it is advisable to compare them with other options. Ensure that you have done enough personal research before settling on the offers from Safestone Financial.
Safestone Knows How to Get Under Your Skin
Many persons have reported that Safestone Financial often uses bait-and-switch tactics to entice unsuspecting customers. This means that the company would publish low-interest rates on their sites, but when customers click on them, their offerings immediately change to something else.
It is an offensive marketing tactic and often doesn’t speak well of their reputation. While we understand that every organization is out to make a profit, it must still be done legitimately.
How Does Its Sales Team Operate?
There is also the issue of the forceful sales team at Safestone Financial. Careless customers might even proceed with the offers before understanding the terms and conditions, which can be deceptive on the part of the company.
Why Can’t I Find Reviews of Safestone Financial on BBB?
Before some enlightened individuals would ever take any financial decision, they prefer to check out reviews on the popular website known as Better Business Bureau (BBB). Safestone Financial does not even have an account here, raising concerns for most people about them.
What Are the Advantages of Using Safestone Financial?
The only positive aspect of Safestone Financial is its website, which is easy to navigate. Anyone can easily fill in the application form and submit it without requiring much expertise.
Unlike some other financial-related websites that are a bit technical to use. However, the drawbacks far outweigh the benefits, and for those still considering Safestone Financial, it is advised to always be cautious.
A Unique Pre-Approval Format
Customers have also reported that Safestone Financial has a captivating pre-approval format, customized with a website address and their names at the end. Seeing this tends to make customers more intrigued by the link.
However, getting a pre-approval doesn’t automatically mean you have the desired amount. The lenders will also have to do their bit to ensure you can pay back the loan.
How Can I Qualify for Safestone Financial Services?
No matter how intrigued you might be by the offers by Safestone Financial, you still need to meet some criteria to qualify. Your credit history has to be clean, and you must have a good source of income. Additionally, it is only open to US citizens aged 18 years and above, with a minimum credit score of 620.
Using the services of Safestone Financial will also have a significant impact on your FICO score as the company must run a hard pull on you. If you meet these qualifications, you will be sent a list of prospective money-lenders, and you can choose the option that best suits your needs.
What Are the Cost Implications of Using Safestone Financial?
For the cost, you have to pay a 15% fee to Safestone Financial for their services, which is separate from the money-lenders charges. Failing to pay your debts or making delayed payments will also show up in your credit reports and lower your FICO score, making it harder to access new lines of credit. So, while Safestone Financial has its benefits, it also has disadvantages.
Is It Possible to Cancel My Safestone Financial Services?
Since the company is not a lender in the first place, you would not need to cancel any loan with them. If you have any issues with them.
You can contact their customer service department for guidance or file a complaint with the Consumer Financial Protection Bureau.
Conclusion
Safestone Financial Review may have a user-friendly website, but its lead-generating practices, bait-and-switch tactics, and forceful sales approach raise concerns.
It’s crucial to thoroughly research and consider other options before engaging with Safestone Financial or any financial service provider. Your financial well-being deserves the utmost care and consideration.
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