Is point break financial legit? Do you care to know what Point Break Financial Reviews have got to say? Are you wondering whether Point Break Financial is legit or not? If yes, you are on the right article. Here, we will dig into finding whether Point Break is legit and essential aspects you need to know about the institution.
Overview of Point Break Financial
Point Break Financial is not a lending platform; they do not lend money. However, they serve as a platform that links to your lender to consolidate your debts. So they aren’t the best choice when looking for a debt-consolidating institution.
One of the biggest issues about this institution is that they don’t lend, but they use a switch and bait tactics to convince you to sign up for their affiliate lender services. This is one of the reasons they are poorly rated in the financial service market among other reasons.
Is Point Break Financial Legit?
Yes, Point Break Financial is legit. However, you need to understand the nature of their business because they are not direct lenders but affiliates who lure people to take a loan from their partners.
As of December 27th, crixeo.com awarded Point Break Financial a 2-star rating, which is not pleasant. I can’t outright tell you that Point Break Financial is legit or a scam. However, below are some reasons I will love you to look into before concluding.
– Point Break Financial is not a lender but employs switch and bait schemes to persuade you to sign up for third-party loan providers. They send you a direct mail promising a debt consolidation of a 5.99% interest rate, which in the real sense, is false. Once you sign up, they jack up the interest rates, and there have been complaints about hidden fees. So you may leave more broke and in debt than when you signed up.
– Point Break Financial does not have any form of control over lender creditworthiness eligibility criteria. So there are no specific APR/interest rates. It varies depending on the lender.
My sincere advice is that you shouldn’t sign up for Point Break Financier’s services unless you are sure that you can afford the hidden fees. You might end up in a worse debt hole than you were before. Kindly calm down and do your research and be sure before signing up for Point Break Financial Services or you will regret it later in the future.
Point Break Financial Reviews
There have been a lot of Point Break Financial reviews on the internet but let us feature some of the best reviews that would interest you to know about.
According to Crixeo and about 3 reviews made by 3 reviewers, they were offered 2 stars out of 5. A lot of other people have complained about this company. The claimed to be a debt consolidation loan company which is all a lie according to many reviews found.
What is the Service Cost of Does Point Break Financial?
Point Break Financial is not a lender, but it charges an upfront service cost of $500. However, this differs depending on the lender, and some hidden charges get tacked up, which you will be requested to pay after a given period.
Their real service cost is beyond what is being advertised on their website. If you aren’t careful, you will end up paying an unreasonable amount beyond what you planned for as a service cost for a service that isn’t worth it.
What Is Point Break Financial Debt Consolidation Loan Minimum Credit Score?
Point Break Financial is not a lender, so they don’t have a stipulated minimum credit score that qualifies you for a loan. However, the platform will notify of the credit score the lender demand based on individual terms. The minimum credit score to qualify for a debt consolidation loan is 640.
Who is Point Break Financial affiliated with?
The Point Break Financial’s website stated that:
“This website is owned by Point Break Holdings LLC., located at 1968 S Coast Highway #1028 Laguna Beach, CA 92651. All the loans are offered by Point Break Holdings LLC dba Point Break Financial affiliates such as Kuber Financial, and LLC dba Mobilend.
If you have issues or questions about the products offered by the affiliates, directly contact Kuber Financial, or visit Point Break Financial, located at S Coast Highway #1028 Laguna Beach, CA 92651.
Conclusion
Point Break Financial is not outrightly a scam. Its hidden fee and use of bait and switch tactics make it an unreliable platform to use. Moreover, they don’t lend; they only link to lenders.
