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TriPoint Lending Reviews: Is it Legitimate?

Written by Ascend Team
Updated Jan 16th, 2023
Did you receive a mailer from TriPoint Lending (like the one below) pre qualifying you for a debt consolidation loan for as low as 6.95%? Is this legitimate? 

Is this a scam or too good to be true? We will cover the answers to this question and more in this article. The results may surprise you, so let’s get started.

A picture of a TriPoint Debt Consolidation Loan mailer

What Is TriPoint Lending?

I became aware of TriPoint Lending from a call with a person I will name John. John was struggling to make ends meet and has a high debt to income ratio, so I was somewhat surprised that she would be getting debt consolidation loan offers.  My initial hypothesis is that TriPoint Lending is a marketing company that markets something called debt settlement (also known as debt consolidation programs). This is not to be mistaken or confused with a debt consolidation loan where proceeds would be sent to your bank account. 

Now, if you are looking for a debt consolidation loan, there are 3 debt consolidation loan companies that we have vetted that 1) Only do a soft check to check your credit 2) Do not charge prepayment penalties. With debt consolidation loans, it may be helpful to check your rate from multiple places to get the best rate. If you aren’t able to qualify, then some individuals look at debt settlement.

If you are unfamiliar, Debt settlement is the process in which a third party negotiates and settles with your creditor on your behalf. The goal of a debt settlement firm is to find a lower payment that will fully satisfy the debt that you owe. So, a debt settlement may try to settle a $10,000 credit card balance for $5,000. This can provide ample savings and a potential lower monthly payment.

I was the previous CEO of a debt settlement company, and I believe debt settlement can be a good option for some, but not for others.

Now, if you are struggling with debt and wondering what to do next, we built a free, unbiased debt options comparison calculator (not even an email address is required) that provides a wide range of debt options that may be able to fit your budget. The data is personalized to your income and expenses, so you can get accurate costs, pros and cons, and options.

TriPoint Lending History

According to its BBB page, TriPoint Lending has been since 2017. BBB states that the company covers loans, payday loans and loan servicing. At the time of this review, TriPoint lending had a 4.01 rating on BBB with an A+ rating. It also shows that the company has been accredited since 2018. That said, how much does TriPoint lending cost and how much does debt relief cost in general?

How Much Does TriPoint Lending Cost?

At Ascend, we believe that debt settlement may be a good option, but it’s only in the context of understanding all of your options and understanding the cost of that option. This is exactly why we built a free debt settlement cost calculator so that you are MOST informed. While the calculator cannot provide your exact TriPoint Lending debt settlement plan payment, it provides an estimate based on your personalized financial data and allows you to compare debt relief to other options. 


Debt settlement can be much less expensive than your current obligations, but it is a debt relief option, meaning that there are debt settlement pros and cons associated with it. For example, while debt consolidation loans can help increase your credit score, debt settlement can hurt your credit score

TriPoint Lending Reviews

Let’s look at the TriPoint Lending reviews to help you make the most informed decision, starting with BBB reviews.

TriPoint BBB


I found the BBB page where they received a 4.03/5 and an A+ rating. They have received only 8 complaints in the last 3 years and 2 in the last year. After reading through many reviews, people were very upset with the way they were treated by TriPoint employees and felt scammed.

TriPoint BBB page picture

Many people on the BBB website mentioned having horrible experiences with the TriPoint employees they spoke to. A lot of people referred to them as “demeaning”, “rude”, “defensive” and more. A few people also mentioned that the individual they spoke to at TriPoint would mention going on a lunch break or needing to step into a meeting but they would call them back. Some people never heard from them again, but those who did said that the TriPoint worker came back with completely new guidelines and information after their break.

A 1 star BBB review of TriPoint lending
A second BBB 1 star review of TriPoint lending

Where Are Other TriPoint Lending Reviews?

I found Google reviews for TriPoint Lending. They rated high with a 4.5/5. However after reading many reviews, it was clear that not everyone was pleased with the service they received. 

A lot of individuals called TriPoint a “scam” and “deceptive marketing.”
Picture showing Google 4.5 rating and 514 reviews of TriPoint Lending

Here are some example reviews in regards to TriPoint lending.
2 Google 1 star reviews of TriPoint Lending

Another interesting thing to note is how close TriPoint Lending is in proximity to Credit9 lending and Americor Debt Relief. We just wrote a Credit9 and Americor review, and I noticed all 3 companies were located in Irvine, CA. So, I Google mapped the distance from one company to another company, and see below what I found. Credit and Americor appear to be on the 5th and 6th floors of the same building, and TriPoint lending is just a 0.3 mile walk from both of these companies.

Google map shows distance between Americor, Credit9 and TriPoint Lending.

Let's next go through legitimacy.

Is TriPoint Lending Legitimate Or A Scam?

It's unclear to me whether TriPoint Lending provides loans.

From reading reviews and looking at the TriPoint lending mailer, it seems like TriPoint Lending is a company that markets itself for debt consolidation loans. One question I have is whether TriPoint Lending actually ever qualifies individuals to receive debt consolidation loans or if anyone gets a 6.95% interest rate. Or, potentially, it markets to people who can’t qualify for a loan, but does qualify for a debt consolidation program, which is 100% different.

While this may not constitute a scam, it may be a deceptive marketing tactic.

If you need debt consolidation, let’s discuss options next.

What If I Can’t Get a Debt Consolidation Loan Elsewhere?

If you can’t get a consolidation loan from Loyal Lending, what are your options?  Are you putting more on your cards each month than reducing them Do you have a high debt to income ratio?

The challenge is that you may qualify for a debt consolidation loan, but there interest rate could be 29.99% or the loan won’t consolidate all of your debt. 

As stated above, if you have debt that is unaffordable, we built the free free debt options and costs calculator below that allows you to compare options such as non-profit credit counseling, debt settlement and debt payoff planning. If you are already in financial hardship, the calculator also allows you to understand bankruptcy. No email address is required unless you’d like some additional free assistance.