Is Tripoint Lending Legit? Read Tripoint Lending Reviews

Tripoint Lending is famous for sending emails showing loan pre-approval even without an application. It gives a generous amount of loans at a very low-interest rate. This article has examined the activities of this lending platform in detail and here is what it has to say about it. So read to the end to see the Tripoint Lending reviews. You will also get to discover if it is legit or a scam as well as every other detail that you need to know before opting to do business with it. 


The finance world has over the years witnessed a rise in the number of loan firms as there seems to always be a need to borrow some money before your payday. So, whether for personal use or business purposes, there is a loan that suits you. These loans however are not without high interest rates which sometimes discourages loan seekers.

Nonetheless, Tripoint Lending has distinguished itself by advertising itself as the best lending brokerage that gives loans with low-interest rates. Reports, however, have shown that people do not always get things as easy as they seem when they decide to apply for a loan with them.

Why is this so? Is Tripoint Lending legit or a scam? What are people saying about it? How can you get a loan from it? What is its interest rate? These and more questions will be answered as we look at Tripoint Lending Reviews. So let us get started right away. 

Is Tripoint Lending Legit?


Tripoint Lending is legit and not a scam. This viewpoint is obtained after thorough research into the operation of the company as well as customers’ views as seen in the review section above. The company is legal and operates with a license. It has a well-organized website that is transparent enough for everyone to understand.

Furthermore, Tripoint Lending has been in operation for over 5 years since it was founded in 2017. Scam companies do not operate for such a long time. And it clearly stated the name of its CEO as Micheal F. Barsoum and the location of its headquarters in Irvine, California. The identity of scam companies or firms is usually hidden, hence we can see that this company is legit.


The problem, however, is its marketing strategy which does not godown well with customers and needs to be improved on. The company also needs to learn to come out open in its advertisement to let loan seekers know exactly what they are going for rather than switch operations after they had advertised low rates.

Tripoint Lending Reviews 


Many customers have different opinions about this website or lending platform. A detailed look at some review websites shows the displeasure as well as commendations of customers about the services of Tripoint Lending. There are many complaints concerning the fact that the company lures you With low-interest rates on personal loans and then flips you over to a  debt relief program that is expensive.

It has a 2.9/5 rating on a review website known as Glassdoor. On Quora, however, most comments were negative. Customers claim that the platform is a scam as it does not offer what it advertises. It further states that its interest rates are high as opposed to the low rates that it advertises. 

Tripoint Lending Reviews On BBB


Tripoint Lending is accredited by Better Business Bureau (BBB). And it has an A+ rating on the site. It received many commendations from customers here who are satisfied with the services that are offered by this company.

However, a few customers have complaints about the frequent unwarranted emails and phone calls that are received from the firm. Another customer also expressed displeasure towards getting a debt consolidation offer instead of a loan as advertised. 

Requirements For Tripoint Lending


To qualify for a loan from any of the lending partners of this firm, you must meet the following criteria.

  • Must be more than 18 years of age. 
  • You must be a resident of the United States.
  • You must have a debt-to-income ratio of not less than 50% monthly.
  • Must have been employed for a least one year. 
  • Your credit report or credit history must be good 
  • You must meet other Tripoint criteria as will be required during the application process. 

However, you do not have to worry if you can not meet these criteria. Tripoint has other beautiful offers for people who do not qualify for a loan. They can be offered other services like debt relief, debt consolidation, etc. 

What Is Tripoint Lending Interest Rates?


The Tripoint Lending interest rates vary with the lender or bank issuing the loan as well as the amount. Remember that Tripoint Lending is just a brokerage. However, the interest rate is between 5.99% and 35.99%. And you could get between $5,000 and $100,000. 

How To Apply For Tripoint Lending Loans.


The application process is very easy. It could be done by visiting the Tripoint Lending official website or by accepting a loan offer sent to your mail by the company.

Tripoint Lending Reviews

When any of these methods is used, you will be required to enter your information which will be sent to the lenders on your behalf. Upon agreement, every other contact remains between you and the actual lender no Tripoint any longer. 


Is Tripoint Lending Safe?


From all indications, it can be said that Tripoint Lending is safe. However, you must play your part by carefully reading through the loan agreement before accepting it. This will help you to know when there is a breach of contract. 

Does Pre-Approval Mean I Will Automatically Get A Loan?


NO, pre-approval with Tripoint does not mean that you will get a loan automatically. When you accept the offer, you are required to apply and if you meet the criteria, a loan will be given to you. However, failure to meet the requirements could lead to denial.

Will Tripoint Lending Check My Credit Score?


Yes, like other lending platforms, Tripoint Lending checks your credit score before approving a loan. This is to know your history as well as your ability to repay the loan if given. 

Will Tripoint Lending Affect My Credit?


Yes, your loan with Tripoint Lending could affect your credit positively or negatively depending on your response to the loan repayment plan. Prompt payment increases your credit while defaulting on a loan repayment could negatively affect your credit score. 



From all that has been discussed in this article, you can see that Tripoint Lending is legit and not a scam. It has several policy malfunctions and weaknesses that have attracted negative reviews from customers. If looked into and worked on, everyone will enjoy the services of this loan firm.

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