DebthunchReviews of debthunch.com

Response from DebthunchJun 16, 2023

Thank you David for leaving a 5-star review! We truly appreciate it.

Response from DebthunchJun 16, 2023

Thank you Susan for your 5-star review! It means a lot!

Response from DebthunchJun 16, 2023

Thank you Terry for your kind, 5-star review!

Response from DebthunchJun 15, 2023

Your situation appears to be a result of a misunderstanding with regards to what it means to be 'pre-approved' versus 'approved'. We have never run into this type of situation in the last 19 years where there is a grievance with providing the necessary application information as clearly outlined in the 'pre-approved' offer's terms and conditions to determine whether the applicant can be 'approved'. When responding to a loan offer an applicant must always allow for their income and credit to be verified to confirm there has not been a migration in credit rating, a recent delinquency or an insufficient debt-to-income ratio post pre-approval. In your case we weren't even able to determine whether you could be approved because you were unwilling to provide the required information pursuant to the pre-approved offer terms and conditions to confirm your identity, check your most recent credit report and verify your income at the time of application. This is standard operating and underwriting procedure for lenders and banks to determine approval. In order for an applicant to be considered for approval, they must first confirm their identify, provide authorization to have their credit report run, verified and qualified and provide proof of income to verify adequate debt-to-income and ability to pay. We are unaware of a lender that will approve an application without confirming these items at minimum. Our process as shared in the pre-approved offer terms and conditions does require that you must speak with a live Debthunch representative and provide the above application information at minimum prior to being approved for the offer. We wish you the best and hope you find a solution to help you pay off your debt. UPDATE - You're welcome. Yes, the terms pre-approved and pre-qualified are usually considered interchangeable and synonymous for many lenders offering debt consolidation loan products. As shared this is the first time in 19 years that we've had a situation where a prospective applicant felt misled by the use of the term pre-approved for a prescreen offer. As displayed in the terms and conditions of the offer the applicant must agree to have their credit report run, verified and qualified and provide proof of income to verify adequate debt-to-income and ability to pay. This would be the case if the term pre-qualified or pre-approved was used.