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Proper Funding Reviews: Did You Get the Mailer?

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Did you get a mailer from Proper Funding that you pre-qualified for a debt consolidation of under 4%? Have you never heard of this company? 

 

Did you apply and then get rejected for the loan, but now you are working with Strategic Consulting to enrolled you in a debt consolidation program? We will cover all that and more, so let’s get started.

 

What is Proper Funding?

Proper Funding appears to be a marketing firm that pitches debt consolidation loans. I came aware of them recently by finding similar companies such as Patriot Funding, Loyal Lending, etc. The marketing emblems are different, but the concept appears to be the same.
 
  1. You receive a letter in the mail that you prequalify for a loan covering all of your debt at a rate of 3.89% – 4.5%
  2. You apply to the loan, and get denied for the loan, but do qualify for a debt consolidation program via a Strategic Consulting representative.
  3. You may then get enrolled with a debt relief law firm like Level One Law or another internal program like Atlas Debt Relief. 
Firstly, you may considering reading the Strategic Consulting lawsuit for more information about the potential process, but what I found most fascinating was the alleged Strategic Financial Solution Glassdoor Employee reviews where a recent employee alleges bait and switch tactics to get people into a debt consolidation program. 
Glassdoor review for Strategic Financial Solutions
 
A Debt Consolidation program is NOT the same thing as a debt consolidation loan. In a debt consolidation program (also known as debt relief), your accounts fall behind, you could be sued for delinquent debt, your credit score may be negatively impacted and you may pay taxes on forgiven debt. Now, debt consolidation programs can be legitimate, but it’s important to understand the pros and cons of such programs. I just shot a recent YouTube video covering bait and switch debt consolidation programs.
 
Now, if you are looking for a loan, there are 3 debt consolidation loan options below that we like that does not affect your credit when checking your rate, does not charge prepayment penalties, and has legitimate reviews.

How Much Do Companies Like Proper Funding Cost?

We believe that debt consolidation programs (debt relief) may be a good option, but often in context in understanding all the costs and duration estimates of all your options. There are two types of firms you may work with, and the fees may be quite different.

 

  • If you end up in a debt consolidation program with a non-law firm, you may pay generally between 15-25% of the enrolled debt amount, but the fees are not due until settlement has been reached and first payment has been made. So, if you have $10,000 in debt, you may pay between $1,500 and $2,500 in fees if you complete the program.
  • If you work with a debt relief law firm, you may have to pay retainer fees before settlements have been reached. This can be an important distinction to understand in case you have to cancel the program before any settlements have been reached. In a traditional debt consolidation program, you often pay fees after the first settlement has been reached, but attorney debt relief firms may charge retainer fees before settlement has been reached. 

Proper Funding Reviews

Let’s look at reviews I found on BBB, TrustPilot and Google.

 

Proper Funding BBB

Proper Funding has an F rating on BBB. There’s also an alert for Proper Funding that says that the mail sent to the mailing address on file was returned. Proper Funding has four BBB complaints, stating they felt like there was constant harassment with mailers. Another mentioned having trouble canceling their program. 

Proper Funding BBB page
 
 
One complaint for Proper Funding from the BBB page

TrustPilot Reviews

 

I was able to find Proper Funding on TrustPilotand they were rated a 3.2 out of 5. 

 
Proper Funding on TrustPilot, rated a 3.2 out of 5 stars.

There was only one review on the website, stating that they pulled inaccurate information from their credit report. 

 

A TrustPilot review stating they took inaccurate information from their credit report

Google reviews

It was difficult to find other sites such as Google that had reviews for Proper Funding. 

Proper Funding Google search for Google reviews comes up without any results for Google reviews.

Closing Thoughts

 
Hopefully, understanding the Proper Funding reviews and how debt relief companies work can help you understand your next steps. It’s ultimately your decision and you understand your finances best
If it’s helpful, please feel free to use the free debt resolution option calculator below to help you estimate the costs and duration of your different option.

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Reviews

★★★★★

5.0 stars from 280+ reviews

Synthia DuBose

 08/21/2023

My family was grappling with the burden of credit card debt. We had explored various avenues, including debt relief companies and consolidation loans, but everything seemed dubious and left us feeling uncertain. That all changed when I came across Ascend and had the opportunity to connect with Justin. He reached out to me on the very same day, and from that point forward, things took a turn for the better.

I provided Justin with an overview of our financial situation, our objectives, and the timeline we hoped to achieve our goals within. He promptly outlined the possible courses of action and presented a thorough breakdown of our various options. What truly stood out was Justin’s approach—he never pressured me into making a quick decision. Instead, he offered me the information and allowed me to ask questions at my own pace.

Upon selecting the path we wanted to pursue, Justin facilitated our connection with a non-profit organization. Much to our delight, they exhibited the same level of courtesy, expertise, and patience that Justin had demonstrated. In retrospect, the entire experience instilled a sense of confidence within us. We now believe we have a solid foundation and are well on our way to achieving financial success!

Dahveed Krisna

 07/26/2022

Ben and his assistant Jeffrey from Ascend Finance did an awesome job helping me to find an attorney who could talk with me openly and honestly about Chapter 13 as an option for my financial situation. Before finding out about Ascend’s bankruptcy calculators, I was stuck on a wheel of countless offers for consolidation loans, but always steered towards debt settlement or debt management plans over and over again due to my credit score and high utilization percentage. Based on data I entered into Ascend’s calculator, Ben and Jeffrey reviewed my situation and quickly connected me with a skillful, experienced bankruptcy attorney. I finally feel like I’m on the best path to being debt free; one that will save me a lot more money than any of the debt settlement or debt management programs that other companies and agencies have offered me… THANKS Ben, Jeffrey and Ascend!!

JorJor Binks

 02/09/2024

These guys are truly a beacon for those of us with too much debt. From the start where I found Ben on the YouTube channel Ascend I have been treated as a real person by real people. Even getting a personal call helping me figure things out. I went through one of the lawyers recommended by Ascend and as of January 2nd I am debt discharged, and already have a great credit card from Mission Lane for $2000. Things are getting back into place and my life feels so much less stressful due to the weight of debt being off my shoulders.

PLEASE give these guys a call if you are even considering any sort of debt relief be it bankruptcy, consolidation, or whatever other types of debt relief are out there. I can’t thank the Ascend team enough. (I was not paid to post this, or told to do this. I am genuinely so thankful to have the help when I needed it most♥️)

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