Centennial Funding Review: Is It A Scam Or Is It Legit?

So you’re considering Centennial Funding to help consolidate your debt. But is it a scam or is it legit? In this Centennial Funding review, we’ll take a look at the company and see what its reputation is like. We’ll also discuss the pros and cons of using their services so that you can make an informed decision about whether or not they are the right choice for you. Keep reading for the inside scoop on Centennial Funding!

Centennial Funding is a debt consolidation company that has been in business since 2015. The company is headquartered in Denver, Colorado, and offers its services to customers in all 50 states. Centennial Funding is not accredited by the Better Business Bureau (BBB) and has an A+ rating with the organization.

Centennial Funding offers a variety of services to help customers consolidate their debt. These services include balance transfer credit cards, personal loans, and home equity lines of credit. Centennial Funding also provides educational resources on topics such as budgeting, credit scores, and debt consolidation strategies.

One of the main reasons why people don’t use Centennial Funding is because they have a lot of negative reviews. In fact, many customers have reported being scammed by the company. Some customers have also said that they were promised a lower interest rate but never received it. Overall, there are more negative reviews than positive ones about Centennial Funding.

If you’re considering using Centennial Funding to consolidate your debt, we recommend that you research the company thoroughly before making a decision. Be sure to read customer reviews and compare rates from multiple providers before choosing a debt consolidation company.

Centennial Funding has been receiving a lot of heat lately. But is it a scam or is it legit? Let’s take a look at the company and see what its reputation is like.

Centennial Funding Pros and Cons

As with any financial decision, taking on new debt should be done thoughtfully and with caution. That’s why we want to provide a clear overview of the pros and cons of Centennial Funding, a company that specializes in debt consolidation.

The biggest pro of Centennial Funding is that it can help you save money on interest payments. If you have high-interest debt, consolidating your debts into one loan with a lower interest rate can help you save money over time.

However, there are more cons than pros when it comes to Centennial Funding. First of all, the company has a lot of negative reviews online from people who claim they were a bait and switched into paying higher fees than they expected. Additionally, some people have complained that the process of consolidating their debt through Centennial Funding was more complicated and time-consuming than they expected.

All in all, we would recommend proceeding with caution if you’re considering using Centennial Funding to consolidate your debt. Make sure you read the fine print carefully and understand all the fees involved before making any decisions. And if you’re at all unsure, it’s always best to consult with a financial advisor to get expert advice.

What is Centennial Funding?

Centennial Funding is a bait and switch scheme that promises to consolidate your debt into one low monthly payment. However, what they don’t tell you is that they will charge you exorbitant fees and interest rates. As a result, you will end up paying more than if you had just made the minimum payments on your debts.

Don’t be fooled by their promises of debt relief. Centennial Funding is nothing more than a predatory lender that wants to trap you in a cycle of debt. If you’re struggling with debt, seek out a reputable credit counseling service instead. They can help you develop a realistic plan to get out of debt without charging these outrageous fees.

How does Centennial Funding work?

The bait and switch scheme is simple. You’re promised a debt consolidation loan with a low-interest rate. But when you try to get the loan, you’re told that the interest rate is much higher. This leaves you stuck with a high-interest loan and no way to consolidate your debt.

Centennial Funding is one of the many companies that bait and switch consumers. They promise a low-interest rate, but when you try to get the loan, they switch to a much higher rate. This makes it nearly impossible for consumers to consolidate their debt and get out of the high-interest loan trap.

If you’re considering using Centennial Funding, beware of their bait and switch scheme. It’s not worth getting stuck in a high-interest loan just to consolidate your debt.

What is a debt consolidation loan?

A debt consolidation loan is a type of loan that allows you to pay off multiple debts with a single monthly payment. This can be a great way to save money on interest and simplify your finances.

There are two main types of debt consolidation loans: secured and unsecured. A secured debt consolidation loan uses collateral, such as your home equity, to secure the loan. An unsecured debt consolidation loan does not require collateral but typically has a higher interest rate.

If you’re considering a debt consolidation loan, it’s important to compare offers from multiple lenders to find the best terms for you. Be sure to consider the fees, interest rates, and repayment terms before you decide on a loan.

How to qualify for a Centennial Funding debt consolidation loan?

If you’re like many Americans, you may be struggling with debt. Credit card debt, medical debt, and student loan debt can all add up, leaving you feeling overwhelmed. If you’re looking for a way to get out of debt, a debt consolidation loan may be a good option for you.

To qualify for a Centennial Funding debt consolidation loan, there are a few things you’ll need to do.

• First, you’ll need to have a good credit score. This will give you the best chance of getting approved for a loan with favorable terms.
• Second, you’ll need to gather all of your financial documents so that their team can get an accurate picture of your finances.
• Finally, they’ll work with you to create a debt consolidation plan that fits your needs.

What kind of debt consolidation program does Centennial Funding offer?

Centennial Funding offers a variety of debt consolidation programs. They offer both unsecured and secured debt consolidation loans, as well as debt management plans.

The first step is finding out what type of debtor you are: Secured or Unsecured? Each has different options available to them.

If you have unsecured debt, like from credit cards, personal loans, or medical bills, you may be able to get a low-interest rate consolidation loan. This can save you money on monthly payments and help you pay off your debt faster.

If you have secured debt, like a mortgage or car loan, you may want to consider a home equity loan or line of credit. This can also help lower your monthly payments and help you pay off your debt faster.

If you’re not sure what type of debtor you are, or if you have both types of debt, don’t worry! They can help you figure it out.

What is the next step?

The next step is finding out how much debt you have. This will help us determine which type of consolidation program is right for you.

To find out how much debt you have, simply add up all of your monthly payments. This includes your minimum payments on all of your credit cards, loans, and other debts.

How much does Centennial Finance charge?

We’ll break it down for you.

If you’re considering taking out a debt consolidation loan with Centennial Finance, you may be wondering about the fees associated with their services. Here’s a breakdown of what you can expect to pay:

• Origination fee: This is a one-time fee charged when you first take out your loan. It’s typically around $100-$200.
• Annual percentage rate (APR): This is the interest rate charged on your loan, and it will vary depending on factors like your credit score and the length of your loan term. However, Centennial Finance’s APRs are generally high often in the range of 20-30%.
• Late payment fee: If you miss a payment, you’ll be charged a late fee. This is typically around $25-$35.
• Prepayment penalty: If you pay off your loan early, you may be charged a prepayment penalty. This is typically a small percentage of your remaining loan balance usually around 0-0.50%.

As you can see, there are a number of fees associated with taking out a debt consolidation loan with Centennial Finance.

What is the minimum credit score for a Centennial Funding debt consolidation loan?

If you’re considering a debt consolidation loan from Centennial Funding, you might be wondering what the minimum credit score is. The answer depends on a few factors, including the type of loan you’re applying for and your credit history.

Generally speaking, the higher your credit score, the better your chances of getting approved for a loan. That’s because a high credit score indicates to lenders that you’re a responsible borrower who is likely to repay your debts on time.

However, there are some types of loans that have lower credit score requirements than others. For example, Centennial Funding offers both secured and unsecured debt consolidation loans. A secured loan requires collateral, such as a home or car, while an unsecured loan does not.

Because secured loans have collateral backing them up, they tend to be easier to get approved for than unsecured loans. As such, they usually have lower credit score requirements. For example, the minimum credit score for a Centennial Funding secured debt consolidation loan is just 600.

If you’re considering an unsecured loan, you’ll need a higher credit score to qualify. The minimum credit score for an unsecured Centennial Funding debt consolidation loan is 650.

Of course, these are just the minimum credit scores required to get approved for a loan from Centennial Funding. If you have a higher credit score, you may be able to get better terms on your loan, such as a lower interest rate.

So if you’re thinking about taking out a debt consolidation loan, be sure to check your credit score and see where you stand.

Is Century Law Firm associated with Centennial Funding?

No, Century Law Firm is not associated with Centennial Funding. They are a law firm that specializes in Chapter 11 bankruptcies. Chapter 11 is a type of bankruptcy that allows businesses to reorganize and repay their creditors over time.

If you are considering filing for bankruptcy, they can help you understand your options and what the process entails. They have experience representing businesses of all sizes in Chapter 11 proceedings.

Who owns Centennial Funding?

Mr. Jackson Pierre is the owner of Centennial Funding, a company that provides loans and debt consolidation programs. The company has been the subject of several lawsuits, most recently for allegedly charging high-interest rates on its loans.

Mr. Pierre has not commented publicly on the lawsuits, but he has defended his company’s practices in court. In one case, he argued that the high-interest rates were necessary to offset the risk of lending money to small businesses.

It is unclear how much longer Mr. Pierre will continue to own Centennial Funding. The company is facing increasing scrutiny from regulators and lawmakers, and it remains to be seen whether it will be able to survive these challenges. For now, though, Mr. Pierre remains its owner.

How does Centennial Funding affect your credit?

Centennial Funding offers debt consolidation loans that can help you pay off your debt. However, these loans may come with a hard pull on your credit, which can impact your credit score. Additionally, if you make a late payment on your loan, this could also negatively affect your credit score for many years.

On one hand, debt consolidation loans can help you get your debt under control. On the other hand, a hard pull on your credit can impact your credit score. You’ll need to decide if the benefits of consolidating your debt outweigh the potential negatives.

Make sure you understand how these loans work and what the terms are before signing anything.

How to cancel Centennial Funding?

If you’re not happy with your Centennial Funding debt consolidation loan, you can cancel it. Here’s how:

First, call Centennial Funding customer service and tell them you want to cancel your loan. They’ll ask for your account number and some other information to verify that you’re the account holder. Once they have that, they’ll give you a cancellation confirmation number.

Next, send a written notice of cancellation to Centennial Funding at 999 18th St Ste 3000, Denver, CO 80202. Be sure to include your name, address, phone number, account number, and the cancellation confirmation number in the letter.

You should also include a statement that you want to cancel your debt consolidation loan with Centennial Funding. You may want to keep a copy of this letter for your records.

Make sure to make any outstanding loan payments before you cancel your debt consolidation loan. Once you’ve done that, your debt consolidation loan will be officially canceled.

Once Centennial Funding receives your letter, they’ll process the cancellation and send you a written confirmation. Your debt consolidation loan will be canceled.

Who is Centennial Funding affiliated with?

Unfortunately, Centennial Funding is affiliated with a number of negative organizations. These include the likes of Enron, WorldCom, and Lehman Brothers. While these affiliations do not necessarily reflect badly on Centennial Funding itself, they are nonetheless something to be aware of.

If you’re considering investing with Centennial Funding, it’s important to do your own research and make sure you’re comfortable with their affiliations. After all, you don’t want to inadvertently support organizations that you may have negative feelings about.

Centennial Funding BBB Reviews

BBB rating and accreditation are important when considering a business. Centennial Funding has an A+ rating from the BBB but is not accredited by them. However, their rating is still good and should be taken into consideration when looking at businesses.

Centennial Funding does not have any reviews from the BBB. This could be because they are a new business, or because they have not had any complaints filed against them. Either way, it is something to keep in mind when considering doing business with them.

Is Centennial Funding Legit or a Scam? 

If you’re considering using Centennial Funding to consolidate your debt, you may want to think twice. While they claim to have a low-interest rate and no fees, this is often not the case. Many people have reported being baited and switched to a higher interest rate after signing up with Centennial Funding.

Additionally, the company has a very low success rate, with only about 30% of people who use their services actually getting out of debt. So if you’re considering using Centennial Funding, be sure to do your research first.

There are much better options out there that can help you get out of debt without all the headaches. Shop around and compare rates before you make a decision.

What are your thoughts on Centennial Funding? Have you had any experiences, good or bad, that you’d like to share? We’d love to hear from you in the comments below.​ ​​​​​​​​​​​​​​

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