Sagemore Financial Review: Is It A Scam?

This Sagemore Financial review can help you understand more about the company’s legitimacy. It’s important to note that while a financial services company like Sagemore Financial could help you manage your debt, it’s not a magic solution. It’s important to have realistic expectations, be committed to making changes in your financial habits, and work closely with the company to achieve your goals.

Sagemore Financial was founded in 1998 by Michael J. Szymanski, who serves as the company’s CEO. While examining their website and terms and conditions, we discovered some interesting information.

• Sagemore Financial doesn’t lend money or engage in any lending activities.
• A lender may decline to offer you credit if, after reviewing your application, the lender finds that you no longer meet their criteria.
• Annual Percentage Rates (APR) range from 2.92% (AAA) to 24.99% (DD+).

How does Sagemore Financial work?

Sagemore Financial operates by linking borrowers with a group of autonomous lenders. If you satisfy the requirements established by Sagemore Financial, you may be affiliated with one or more of these lenders. Each lender has its own set of guidelines and may refuse to offer you credit if they conclude that you do not meet their requirements.

Loan amounts and terms available to customers may vary based on the state’s laws, as well as their creditworthiness. If you’re looking for a way to get out of debt, is crucial for you to do a lor of research about the company first.

How to qualify?

To qualify for an AAA Sagemore Financial, you must have excellent credit and meet other conditions. Account Approval is subject to Sagemore Financial’s approval including but not limited to:

• Application review
• Verification of credit history
• Verification of credit score
• Verification of monthly expenses
• Identity verification

The creditor for all accounts will be the originating Lender and not Sagemore Financial.

Sagemore Financial Review By BBB and Others

Sagemore Financial BBB rating is not available. However, they have a verified account with Trustpilot and a 4 out of 5 rating. They have only two reviews, both done in March 2023.

Is Sagemore Financial legit?

Although SagemoreFinancial.com is not accredited by the Better Business Bureau (BBB) or rated by them, they do have a verified account on Trustpilot with 2 reviews.

If you’re looking for financial assistance, they can help connect you with multiple lenders. Before you make any decisions, it is important to do your research and read as many reviews from customers as possible.Have you had any experience with this company? We’d love to hear about it in the comments below.

Costumer Service

This is a small business located in South San Francisco, California, you can reach them by email to this address:

Customers have reported difficulties in reaching out to Sagemore Financial for assistance. The company provides a contact number, (855) 401-3582, that’s all we know about it’s costumer service. Have you had any experience with this company? We’d love to hear about it in the comments below.

FAQs

How much does Sagemore Financial charge?

Sagemore Financial is a website that provides referral services, but we conducted a thorough search of their site and could not determine how they receive payment. Information regarding their fees is not disclosed on their website.

Are there any pre-payment penalties?

There will be no penalty for prepaying your loan.

Will Sagemore Financial Hurt My Credit?

Is it possible for Sagemore Financial to harm my credit? It’s vital to understand that simply seeking guidance from a lender won’t impact your credit rating. Nevertheless, if you decide to proceed with the loan and the lender verifies your credit score, it may have an adverse effect on your score.

How to cancel Sagemore Financial?

It is important to note that once a personal loan has been deposited, it cannot be canceled or reversed. If you have any hesitations about the loan, it is best to cancel it before the funds are disbursed.

Glossary

1. Sagemore Financial: A financial services company that provides financial planning, investment management, and retirement planning services.
2. Financial review: An assessment of an individual’s financial situation, including income, expenses, assets, and liabilities.
3. Investment management: The professional management of assets, such as stocks, bonds, and real estate, with the goal of achieving a financial return.
4. Retirement planning: The process of planning for retirement, including setting financial goals, creating a savings plan, and selecting investments.
5. Asset allocation: The process of dividing investments among different asset classes, such as stocks, bonds, and real estate, to achieve a balanced portfolio.
6. Bonds: Debt securities that provide a fixed rate of return over a set period of time.
7. Real estate: Physical property, such as land, buildings, and homes, that can be owned and used to generate income and capital appreciation.
8. Tax planning: The process of minimizing taxes on investments and income, through strategies such as tax-deferred accounts and tax-loss harvesting.
9. Estate planning: The process of planning for the transfer of assets after death, including wills, trusts, and beneficiary designations.
10. Life insurance: A type of insurance that pays a death benefit to beneficiaries upon the death of the insured.
11. Disability insurance: A type of insurance that provides income replacement in the event of a disability that prevents the insured from working.
12. Long-term care insurance: A type of insurance that covers the costs of long-term care, such as nursing home care and home health care.
13. Financial advisor: A professional who provides financial planning and investment advice to clients, based on their individual financial situation and goals.
14. Personal loan: Is a type of loan that is typically unsecured and granted to an individual for personal use, such as debt consolidation, home renovations, or unexpected expenses.
15. Financial assistance: It refers to the provision of monetary support or aid to individuals or organizations in need of financial help.
16. Better Business Bureau (BBB): Is a non-profit organization that provides consumers with information on businesses, promotes ethical business practices, and mediates disputes between consumers and businesses.
17. Customer service team: Is a group of individuals within an organization who are responsible for assisting customers with inquiries, complaints, and other needs related to the products or services offered by the organization.
18. Life debt free: Life without owing any money, where all financial obligations have been fulfilled and there are no outstanding debts.
19. Credit counseling: Is a service that provides financial education and guidance to individuals struggling with debt management, budgeting, and credit score improvement.