GreenSpotFunding Review

Sarah BadaniBySarah BadaniJun. 19, 2019

In a Nutshell

Having debt is often a vicious cycle that seems unending, but it doesn’t have to be. With the right help, you can become debt-free and forget you ever had financial difficulties. Enter GreenSpotFunding. With a commitment to simplicity, savings, and service, GreenSpotFunding offers unsecured loans as a viable debt consolidation option. Could this work for you? Let’s find out with this review.

pros

  • Pre-qualify for funding
  • No collateral, unsecured loans
  • No prepayment penalty

cons

  • No information about the company online

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Why Go with GreenSpotFunding

What sets GreenSpotFunding apart? In one word, ease.

 And really, it doesn’t get easier than this. GreenSpotFunding goes out of its way to make everything as easy as possible for its clients. After all, isn’t being in debt hard enough? GreenSpotFunding thinks so, which is why it makes the entire process extremely smooth and easy. To begin with, GreenSpotFunding lets you do everything online.  What’s more, GreenSpotFunding won’t adversely affect your credit score. Rather than slamming your already hurting credit report with a hard pull, GreenSpotFunding only does a soft check. This is done to see if you are eligible for a loan with the company. 

 By the way, that’s another way GreenSpotFunding makes things more convenient. It offers you prequalification. That means you find out right away if you’re going to qualify for a loan with this service, so you aren’t wasting your time waiting on an answer that will eventually be a no.

If you're eligible for an unsecured loan with GreenSpotFunding, you’ll continue with the process (still online) until you get your money. It’s all very fast, very smooth, and very easy. Exactly what GreenSpotFunding is all about.

What’s Offered

  • Unsecured loans

Highlights

Debt isn’t fun for anyone, and it can be particularly harrowing as the months or even years compound the issues. The longer you stay in debt, the further in debt you become with interest payments, overdue charges, and fees hounding you, which is why debt consolidation becomes a necessity at some point. With the help of a loan from GreenSpotFunding, you can consolidate all of your debt, and enjoy a more manageable situation than you’ve had in years. Here’s how it works.

Unsecured loans

GreenSpotFunding offers people in debt unsecured loans. This is beneficial for several reasons. For one thing, it means that you don't have to put down any collateral to obtain the loan. Since you are in debt, chances are you don't have anything you can put down as collateral (or anything you want to put down, in any case). So, other lenders might be keeping you at arm’s length from becoming debt-free. GreenSpotFunding offers unsecured loans that require no collateral so that you can qualify and be rid of your debt at last.

No limits or restrictions

What’s more, GreenSpotFunding debt consolidation loans come with no strings attached. You see most types of loans are tied to a specific purpose or use case. You can get an auto loan to pay for your new car, a mortgage to pay for a house, a boat loan to purchase a boat. Each loan type has detailed rules about how you can spend the money you receive from the lender. But personal loans work differently.

A personal loan from GreenSpotFunding can be used for anything you want, making it the ideal solution for debt consolidation. You can pay off all of your outstanding debts at once with the lump sum of money you get as your personal loan. Then you can slowly pay off the loan with ease. Having only one single payment to make each month is much more financially and mentally manageable than struggling to pay multiple creditors throughout the month.

No prepayment penalty

Finally, GreenSpotFunding charges no prepayment penalty. This is a big trust indicator showing that a company is on your side. Many lenders will charge a prepayment penalty to make up for the loss of income that they aren’t making from your monthly interest payments if you pay off your loan early. This is a fair business practice, but when a company foregoes this fee, it really makes a statement about its integrity.

  • Online savings calculator
  • Convenient online application form
  • Incredible savings

Types of Debt Covered

When it comes to debt, not all are created equal, which is why so many people have a tough time getting the funding that they need to help themselves out of debt. GreenSpotFunding doesn’t tell you what to do with your money (as we mentioned previously). So, the personal loan you get from this lender can be used for any type of debt you have. This might include:

  • Medical bills
  • Student loan debt
  • Credit card debt
  • Retail and department store card bills
  • Home improvement loans
  • Auto loans
  • Personal loans
  • Personal lines of credit
  • Back rent
  • Utility bills
  • Mortgage back payments
  • Cell phone bills

And the list goes on. Unlike other debt consolidation solutions, funding from GreenSpotFunding allows you to cover all types of debt you might have.

Site Security

One downside we did find working with GreenSpotFunding's new website is that all of the kinks haven’t been worked out of the system yet.  As such, the website isn’t fully functional.

It’s worth noting, however, that there are several real customer testimonials on the website. These are reviews of the service from users who have already had success partnering with GreenSpotFunding. Positive feedback is a good sign to be sure. In addition, the site is secure and encrypted. 

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Help & Support

GreenSpotFunding offers 2 forms of customer support. You can reach a customer service rep by sending in a detailed email message, with a responses generally returned within 24-48 business hours. Alternatively, you can reach someone via phone at GreenSpotFunding’s toll-free number if you want to speak to someone directly.

Contact Details

Phone: 1-800-864-6441

Email:  info@greenspotfunding.com

Sarah BadaniBySarah BadaniOct. 07, 2019
Sarah Badani has extensive research and review experience in the finance industry. With a degree in psychology and education, she brings a level of depth and understanding to her writing along with her own flavor to spice up each topic in a unique and inviting way.
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