Greenlink Financial: We Are Not A Fan
Greenlink Financial is a private money lending service. It offers products to both personal and business clients. The operation is based in Irvine, California and focuses on unsecured loans. The company websites states that the company holds a California Department of Business Oversight Finance Lenders Law License #60DBO-41845 but this has not been verified. On its website, Greenlink Financial offers Personal Loans of $1,000 to $35,000 and Business Loans of $5,000 to $100,000. It also utilizes direct mail offers to acquire customers. At closer inspection, the company appears to be using debt consolidation loan offers to broker loans AND DEBT RELIEF programs. This is a popular tactic used today.
Below we have analyzed the Bad, the Good and Bottom Line of Greenlink. This breakdown should help you decide whether it is the right choice for your circumstances.
Greenlink Financial: The Bad
Advertized rates are often false
The company is still new
Debt consolidation plans can ruin credit scores
They will annoy you
While Greenlink does have its plus points, its important to analyze the negatives too. Not least because they are plentiful. For most people looking to borrow money, those bad points will outweigh the good.
Areas where Greenlink could improve:
Greenlink tends to target people in unenviable situations. As such, the rates they give can usually be bettered elsewhere.
Advertized Rates Are Often False
You may have received an unsolicited offer suggesting an APR of 5%. But dont be surprised if your application comes back with a higher rate.
The Company Is Still New
Being new isnt always a problem, but it is in the case of Greenlink. Finding out information about them either online or by talking to friends is difficult. Those emotional doubts shouldnt be ignored.
Debt Consolidation Plans Will Ruin Credit Scores
When using the debt consolidation, creditors remain unpaid until Greenlinks negotiates the debt. While your finances may look better, your credit score wont.
They Will Annoy You
Did you find out about the company through unsolicited post? Become a member, and you can expect those letters to become a frequent occurrence.
Summary of the Bad
Its not all doom and gloom at Greenlink Financial. Nonetheless, those bad points are very noticeable and should have the alarm bells ringing. Sadly, the positive points dont even come close to balancing the scales
Greenlink Financial: The Good
Personal and business products
High maximum lending
Debt repayment focus
Greenlink Financial is a lender that promises a lot to its customers and tries to create a positive user experience. As far as the application process is concerned, their commitments are noticeable.
Areas where Greenlink excels:
Personal And Business Products
Whether your reasons for borrowing are private or commercial, Greenlink has a product available for you.
High Maximum Lending
Personal customers can access up to $35,000 while business clients can borrow up to $100,000. Those limits are very high compared to many other online lenders.
The online service allows you to discover whats available in just two minutes flat. Meanwhile, completing the final stages doesnt take much longer.
Debt Repayment Focus
While standard loans are available, debt consolidation forms the heart of their endeavors. If you owe money, it can be a way out.
Greenlink can be contacted via telephone or email and can answer any questions in a speedy and unambiguous fashion.
Summary of the Good
Greenlink Financial is a lender that tries to give users a stress-free experience. That shines through during the speedy application process. They also have high acceptance rates. Unfortunately, this alone should not be enough to swing your decision.
Greenlink Financial: The Bottom Line
To suggest that Greenlink is a scam would be wide of the mark. However, there are far more responsible ways to reduce debts. In truth, when taking out a loan for other jobs like home improvements, they might not even want to know.