Union First Funding Review: Not A Lender – Is It A Scam Or Legitimate?

Editorial credit: Fizkes

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Who is Union First Funding? They are not a lender. They seem to be a lead generator mainly selling to debt settlement companies.

You’ve probably received a mail with a pre-approval code and what looks like a low interest no-fee personal loan. The one below offers a debt consolidation loan of $ 125,300. at 2.92% APR offering a reduction of $ 4,010 per month to $ 300 per month. The interest rate is reduced by 17.20% APR.

Does it sound a bit fine to be true?

And off we go in search of opinions.

Is Union First Funding Legit Or A Scam?

Crixeo.com rewarded Funding the Union first a 2-star rating (data collected and updated as of October 30, 2021). We hope the information below will help you make an informed decision on whether to do business with Funding the Union first .

  • Union First Funding is not a lender.
  • It seems Union First Funding runs a typical bait and switch program – but not for themselves – for their primary buyers. They lure you in by sending you a direct mail with a ridiculous 0% interest rate to consolidate your high interest credit card debt.
  • Union First Funding isn’t telling you that you need great credit to qualify for a loan with that low interest rate (for which you were supposedly pre-approved).
  • While the Union First Funding shipper offers incredibly low rates, licensing information on their site reveals that they are only licensed in California with a financial lender license.
  • Their disclosure clearly indicates ANNUAL PERCENTAGE RATES VARY FROM 2.92% TO 24.99%. To be eligible for a Union First AAA funding rating, you must have excellent credit and meet other requirements.
  • We’re curious how many consumers who received this offer in the mail actually qualify for 2.92% interest.
Funding the Union first

We urge you to do your own research and do your due diligence on any business, especially when it comes to your personal finances.

We wish you good luck and invite you to take a look at Crixeo Best Debt Consolidation Reviews from 2021.

Stuart Bienenstock

Union First Funding Review

Union First Funding Review

Debthunch is representative of what plagues the debt consolidation industry. Direct mail with low rates, sales of leads for loans and bait and change tactics to turn the customer into a debt settlement customer. We strongly recommend that you do your own due diligence on Debthunch’s major buyers before entering into a financial relationship with the company.


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