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If you need a personal loan, you may have come across New starting capital. But is New Start Capital a scam? Or is it legit? In this New Start Capital review, we will take a look at the company and see what it has to offer. We will also determine if New Start Capital is worth your time and money.
The company has an F rating with the Better Business Bureau and is NOT accredited. There are numerous complaints against the company, the majority of them relating to issues with customer service. There are also complaints about the company’s inability to deliver on its promises.
Overall, it seems that New Start Capital is not a reputable company and you should avoid doing business with them. There are much better options for personal loans. Do your research and choose another company.
Advantages and disadvantages of New Start Capital
New Start Capital is a new player in the personal loan space, and they are enticing customers with low interest rates and direct mailings. But is this company too good to be true? Here are some pros and cons to consider before taking out a loan with New Start Capital.
- Personalized invite code makes you feel special
- Could be a scam
- Fake low interest rates
- Who is behind the company? Little information is available about them online.
So what’s the verdict? Is New Start Capital worth considering for a personal loan? Weigh the pros and cons carefully before making a decision. And if you do decide to go ahead with them, be sure to do your research to avoid getting scammed.
How does New Start Capital work?
They send you a direct mail with a “personalized invite code” and a low interest rate of only three to four percent. You’re told you can use the money for anything you want, whether it’s consolidating debt, paying bills, or financing a major purchase. And because the loan is unsecured, no collateral is required.
Sounds good so far, right? Unfortunately, this is where the scam comes in. New starting capital is not a legitimate lender. They are not registered with the Better Business Bureau or any other consumer protection agency.
So how do they get your personal information? It’s simple: they buy it. Data brokers sell lists of consumers likely to respond to direct mail offers, and New Start Capital is one of their clients. This is why you may have received several letters from them, even if you have never heard of the company before.
If you are considering taking out a loan with New Start Capital, beware! You could end up paying exorbitant fees and interest rates, and you might not even be able to get your money back. There are many legit lenders out there, so don’t get scammed by this fake lender. Do your research and only work with companies you can trust.
How much does New Start Capital cost?
New Start Financial is not a lender. It seems that they apply a typical bait and switch system, but not for themselves – for their main buyers. Personal loans can be expensive, and if you’re not careful, you could end up paying more than expected. Be sure to do your research before taking out a loan and always be aware of the risks involved. Scammers are everywhere and you don’t want to end up being their next victim. Do your homework and stay safe!
Who is New Start Capital affiliated with?
New Start Capital is not a lender but rather is affiliated with several personal loan companies. Some of these companies can be scams, so it’s important to do your research before taking out a loan with them. New Start Capital can help you get the best possible personal loan rates and terms, but you should always be aware of the risks involved. Do your own due diligence and always read the fine print before signing any loan agreement.
New Start Capital BBB Reviews
If you are considering taking out a personal loan with New Start Capital, you might want to think twice. New Start Capital earned an F rating from the Better Business Bureau (BBB) and is not accredited to the BBB.
Type of complaint: Advertising/sales issues
Status: No response 08/08/2021
I have now made 4 prepayments on my vehicle, this company has not reported anything to any of the major credit bureaus. The whole point of me taking such a high interest loan on my vehicle was to help restore my credit, and yet it didn’t. I would like to refinance this loan with a local credit union or other franchise if this does not resolve quickly. This is horrible business practice, their website is horrible and it looks like they paid a high school kid $50 to build it, they have no real point of contact and I am VERY unhappy with the service. They won’t do anything to help a paying customer, but quickly get their check back!
Type of complaint: Billing/collection issues
Status: Unanswered 24/10/2019
I opened an account with them around January 2019. I signed a contract where they would be the lien holder on my vehicle. they didn’t report credit once, and it’s now a paid off loan. I signed a contract that my credit would be reported to. Not once did he touch Equifax, and I recently had a dealer pay off that loan. It’s not on any credit report actually. This is a major issue as I have used them as a credit repair service.
Is New Start Capital legit or a scam?
If you are considering taking out a personal loan, you may have come across New Start Capital. This lender has an F rating on the Better Business Bureau (BBB) and there are a lot of complaints against it. So is New starting capital legit or a scam?
Well, first of all, it’s important to know that New Start Capital is not a direct lender. They generate leads. This means that they collect your personal information and then sell it to lenders who may or may not offer you a loan.
Since they don’t lend you the money themselves, it’s hard to tell whether or not this is a scam. However, many complaints are filed against them for selling people’s information without their consent and for charging hidden fees. So, while not a scam in the traditional sense, it’s definitely not a company you want to do business with.
Compare New Start Capital
Review of new starting capital
Review of new starting capital
Well, first of all, it’s important to know that New Start Capital is not a direct lender. They are what are called lead generators. This means that they collect your personal information and then sell it to lenders who may or may not offer you a loan. Since they don’t lend you the money themselves, it’s hard to tell whether or not this is a scam. However, many complaints are filed against them for selling people’s information without their consent and for charging hidden fees. So, while not a scam in the traditional sense, it’s definitely not a company you want to do business with.