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Are you considering using a debt consolidation service or do you need debt relief? You may have heard of the company called “Point Break Financial.” But is this debt relief company legit or a scam? In this Point Break Financial review, we will investigate their services, the interest rate, minimum debt, rates, and user review to help you determine whether or not they are worth your time.

What’s happening to the debt consolidation industry is represented by Point Break Financial.

Point Break Financial is not a lender but a lead generation company. This means that instead of lending you money directly, they will sell your information, after verifying the minimum debt, to lenders who may be able to work with you on a loan. In most cases, these loans are for debt consolidation. Is important to know that Mobilend is an affiliate of Point Break Financial and It’s one of the new debt consolidation companies targeting Americans. Generally, they engage consumers through direct mail, cold calling, and internet ads from which they receive referral fees.

The website says Point Break Holdings LLC owns and runs it. It’s located at 1968 S Coast Highway #1028 Laguna Beach, CA 92651. A Point Break Financial affiliate is Kuber Financial, LLC dba Mobilend. Loans are offered by Point Break Holdings LLC dba Point Break Financial affiliates. They do not broker loans and they do not make and/or fund any product, loans, or credit decisions.

Many companies offer debt consolidation programs but knowing which is right for you can be difficult. Even more, if you do not know what is the minimum debt to join the company. This blog post can help you make an informed decision about whether Point Break Financial is the right company for you.

So many people are struggling with debt consolidation right now, so it’s important to make sure you’re working with a reputable company. There are a lot of debt consolidation companies out there, so it’s hard to know which is the best one. Find out if Point Break Financial is a good option for you by reading this Point Break Financial review

The biggest complaint we see about Point Break Financial is that people claim to get lured by direct mail with very low-interest rates. But when they call to get more information, they’re told that the rates are only for customers with certain criteria. These criteria usually include having a good score and a high income. They try to sell you other services if you don’t meet those criteria.

We also see a lot of complaints about customer service at Point Break Financial. People say that the representatives are pushy and unprofessional. There have also been reports of hidden fees being charged to customers.

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How does Point Break Financial work?

A pre-approval code system is used by many companies, one of them is Point Break Financial, to get loans with low interest rates and comfortable repayment terms. The process usually starts with the customer receiving a code in the mail, which they can use to contact the company. Then they will share the customer’s information with potential lenders who may be interested in qualifying them for a loan. However, customers are often unaware of which companies their information is being shared with.

The web platform of Point Break Financial will securely submit the information you provide to a lender. Providing your information on the website does not guarantee approval for a product offering.

Therefore, it is important to research both the lender suggested to you and the company itself before agreeing to anything. Doing so can ensure that you are getting the best possible deal.

Pros and Cons Of Point Break Financial

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Pros and cons exist for everything, even financial services. On the one hand, working with various lenders gives borrowers more options and the potential for better terms.

Point Break Financial does not endorse any particular lender, they are not a lending institution, so borrowers need to do their own research before agreeing to work with them. They aren’t a lender. They appear to be a lead generator primarily selling to debt settlement companies. Carefully compare offers from different lenders to avoid high-interest loans in other options and other debt consolidation reviews.

The fact that they aren’t a lending institution is one of the company’s major drawbacks. That leaves you needing assistance combining multiple debts into a more manageable installment. Point Break Financial does not broker loans and does not make and/or fund any product offerings, loans, or credit decisions.

Point Break Financial is also known for its deceptive business practices. After you signed up for their service and relied on their low interest rate, they might suddenly raise it. That can put you even more in a precarious financial situation.

Before signing up with any financial company, look for debt consolidation reviews and complaints online to get an idea of what you’re getting into. This way, you’ll know what to expect and can make a more informed decision.

What is the minimum credit score?

There is no one-size-fits-all answer regarding the minimum credit score required for a loan. However, most lenders require a minimum score of 640 to qualify for a debt consolidation loan. This can vary depending on the lender, so it’s important to shop around and compare rates before applying for a personal loan.

Direct mail gets you in by offering a ridiculous 5.99% interest rate on consolidating high-interest debt. All Loan Requests are funded by a third party. A Point Break Financial affiliate is Kuber Financial, LLC dba Mobilend. Point Break Financial doesn’t tell you you need excellent credit to qualify for that low-interest loan (which you have supposedly been pre-approved for).

No need to worry even if your credit score is below 640. You can still explore different financing options, like working with a credit counseling service or getting a personal loan from a friend or family member. Be sure to research and understand the terms and conditions before signing anything.

Debt Consolidation Loan: What Is It?

Debt consolidation loans can help get your finances under control. By consolidating all of your outstanding debt into one personal loan with debt consolidation companies, you can save money on interest and reduce your monthly payments. However, you should be aware of some potential risks associated with debt consolidation loans before you decide to take one out.

Consolidating your debt into a single loan can reduce your monthly payments, but it can also lead to more debt unless you are mindful of your spending. It’s important to only use debt consolidation as a tool to get out of debt, not as a way to simply reduce your monthly payments.

Could Debt Consolidation affect your credit score?

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There are a lot of misconceptions out there about credit scores and referral fees. Many people think that consolidating their loans will help improve their scores when it could actually have a negative effect on their credit card debt.

Your score is important because it affects your ability to get loans, credit cards, and even jobs. So it’s no surprise that people are always trying to find ways to improve their credit scores. However, consolidating your loans is not one of those ways.

You’re essentially taking out a new loan when you consolidate your loans. And when you do that, your score takes a small hit. So while consolidating your loans might make your monthly payments more manageable, it’s not going to help improve your score in the long run.

This company operates a typical bait-and-switch scheme, but not for them – but for their buyers. They lure you in by offering a ridiculously low interest rate to consolidate your high-interest credit card debt.

There are many ways to improve your score, and consolidating your loans is not necessarily the most effective method. However, it can be a good option for people struggling to make monthly payments to handle their credit card debt. Just don’t expect it to significantly impact your score.

Point Break Financial BBB Reviews

Read reviews and do some background research before signing up for any debt consolidation services

There are many factors to consider before choosing a financial institution. One important thing to consider is whether or not the company has a Better Business Bureau (BBB) profile. Unfortunately, Point Break Financial, an Kuber Financial affiliated, does not have a BBB profile.

While this isn’t necessarily a red flag, it’s something to be aware of. Companies that aren’t accredited by the BBB may be so for many reasons, so it’s important to do your research before making any decisions. To find a reputable debt relief company, do some investigation and read some debt consolidation reviews before signing up for any services in the debt consolidation industry.

How to cancel Point Break Financial services

The process for canceling your Point Break Financial account is simple, but it can take a few days for your account closure request to be processed. Here’s what you need to do:

  • First, contact Point Break customer service department. They will need your account number and basic information to process the cancellation.
  • Next, you’ll need to contact Point Break Financial corporate office to close your account. Include your name, address, and account number in your request. You can send this request via email or regular mail.
  • Finally, cancel any recurring payments that you have set up with Point Break Financial. This can be done by contacting the companies you have set up these payments with and requesting that they cancel them.

The company isn’t a lender, it’s a lead generation company. They sell your information to lenders who may be able to help you with a loan instead of lending you money directly. Kuber Financial, LLC dba Mobilend is an affiliate of Point Break Financial that offers debt consolidation loans. Loans are offered by Point Break Holdings LLC dba Point Break Financial affiliates. They don’t make or fund loans, product offerings, or decisions about a credit card.

If you’re looking for debt consolidation, Point Break Financial may not be the best option. More so if you don’t know the minimum debt and interest rates. There are better debt settlement companies out there. If you’re looking for a reputable debt relief company, you should do your own research and read a user review and others debt consolidation reviews before you sign up for any services in this debt settlement industry.

Have you worked with Point Break Financial? Let us your experience as a user review in the comments below.

Point Break Financial Review
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Summary

The biggest complaint we see about Point Break Financial is that people claim to get lured by direct mail with very low-interest rates. But when they call to get more information, they’re told that the rates are only for customers with certain criteria. These criteria usually include having a good credit score and a high income. They try to sell you other services if you don’t meet those criteria.

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