New Start CapitalReviews of newstartcap.com

Received a letter from them stating I was pre-approved for a loan up to 54k to consolidate debt. Didn’t need that much so I thought Id try it and make a few credit cards into one payment. Spoke with Josh and from the beginning explained I wasn’t interested in any debt negotiations where I had to quit making payments and they would try to settle with the card companies. He assured me it was for a debt consolidation loan. Later, I was told my credit score disqualified me because of my utilization being high. Who is contacting you for a debt consolidation loan who doesn’t have high utilization? I mean if I had no debt wtf would I even be speaking with you? He then tried to get me to go with the debt negotiation I explicitly told him that I was not interested in from the beginning. I believe that was his goal from the beginning. If you receive one of their mailers saying you’re pre-approved, do what I should’ve done and throw it in the trash.

dont trust them they lay and steal money do not trust ERIK McFADDEN he lies

Tried to call to get acct. information and of course it's a call center in another country where you can not understand the people your tying to communicate with. Also Capital ONE interest rates are extremely high for good paying customers. Highly advise using local credit unions for credit card use as they treat you more like family.

I wrote a review earlier praising this company as I truly thought they would be helpful... before I actually dealt with the outcome of what this company does. It may be for some people but as the supervisor (Stacey Lewis) explained - after I decided to cancel my contract with them - was "this company is not a one size fits all" This wasn't clear before... Interpretation: your credit has to hit rock bottom before they will help.. Lakeview Law will not start making payments to your creditors until your credit is destroyed. Lakeview Law Or whatever they call themselves New Start Capital etc .. was all too willing to take out payment to themselves on Day 1... But was not willing to work with my creditors for 6 months by which then my credit would have been destroyed. PLEASE TAKE CARE BEFORE USING THIS COMPANY. RED FLAGS - I JUST WAS TOO NAIVE.

They offer a consolidation loan in their mailer but then change it to a debt relief program where you stop sending payments to your creditors and the money is sent to an escrow account they open for you. They let the accounts go into late payment for a couple of months while using a law firm to represent you in trying to get them to settle for the principal on your debt without interest. This sounds like one rung above declaring bankruptcy. It will ding your credit and there is the possibility that the creditors will come after you.

The mail out is deceiving, along with the representative that only talks about a loan. I got approve email, but it wants for a loan!!! I got approved for some dept consolidation process that was never mentioned in the letter or the rep. Total waist of time! Lies lies lies!

I received a call today from a representative from (number was 332 232-8844) of New Start Capital, and the experience was appalling. The caller was incredibly rude, never introduced himself, and hung up on me when I declined his offer. His behavior was not only extremely impolite but also racist and highly informal. I would never recommend New Start Capital to anyone, even if they offered free money. This kind of unprofessional and disrespectful conduct is unacceptable.

This company (New Start Capital) will send out letters that state that (YOU'RE PRE-APPROVED FOR A PERSOAL LOAN) when it should state (YOU'RE PRE-APPROVED TO APPLY FOR A PERSONAL LOAN) because from my experience with this company thay are the same as all credit damaging companies that will like to negotiate with your creditors to pay less than you owe (This will damage your credit) and NOT assist with a personal loan.