Smart Money CapitalReviews of smartmoneycapital.com

The representative who is was dealing with was very rude. Being rude change my mind about doing business with this company. There's other companies who have better customers service.

Was not informed it was a debt repayment plan so not interested

I used this company to discuss options to get out of debt and was referred to cordoba legal group. I was very reluctant at first but really trusted Justin the service agent who walked me through the process. I was told to reach out at anytime with questions and had a really awful experience with cordoba legal group and when I was having issues with them reached out to him for ideas/support as was stated to do from our first phone call. He often took weeks to get back to me on my first question and eventually never responded to me at all. I cancelled my account with the debt service he referred me to and that process itself has been a nightmare as well. Do not work with this group, or any of their suggested partners. It is better to just negotiate debt settlements yourself on your own behalf rather than pay someone else extra money and fees to take longer and do only part of the job

Could not comprehend Representative.Questions ask in return was not understood.Proper information was not given at the beginning of application signing.Im not happy with the process.

Responded to a marketing gimmick mailer that promised that I was pre-approved for a personal loan. I was intrigued because I have quite a bit of credit card debt and was looking to consolidate and pay less interest. My credit score is 730 and I pay more than the minimum and always on time. My income fluctuates and it's normal for me to get large paydays followed by lighter months. Currently I'm in a longer lull than normal and it's making me freak out. I wasn't eligible for the loan (reduced income, hardship, high utilization) so it immediately went to debt consolidation pitch. The spiel was centered around "savings" Basically you stop paying your bills and they negotiate a settlement for you. They will tell you there's no interest and emphasize the savings and how you will be out of debt so much faster, in a matter of 48 months or even less when you adhere to their payment program. I'm giving one star because it took me asking several times over a few days to get the breakout of what/where payments were going. They were not forthright in how they make their money or what their fee structure looks like. To break it down simply it looks like this: Say you have 100k in debt and paying 25% interest annually. Smart Money negotiates and settles that to 55k in debt with no interest and then tacks on fee of 25% of the original debt or 25k fee. You then make a fixed payment bi weekly to smartmoney to pay down the now 80k balance. They call that 20k in savings. To me, its worth it to preserve my credit rating because its useful for things like mortgages, leases, and medical care credit (like if you need to finance something major, like IVF) I shopped around and spoke with Accredited and Freedom Debt Relief (both A+ BBB rated) and was given the lowdown on how these programs work in under thirty minutes. I found the sales pitch practices of Smart Money Capital suspect, they are small, they aren't even BBB accredited. The trust pilot five star reviews look padded and don't give any real story of how they operate.

Is it just my run away imaginination or does every review here sound like the Reps they are talking to are now the reviewers new best friend? I have no better idea about the loan process with Smart $$. Are they a legitamate company? Are they the lender or is everything brokered out to other lenders?

When my mother started this process Salvator Ortiz was great. He made my mother feel comfortable about this process and how it would progress. Fast forward a couple of months and this person ghosted us. Did not return calls or emails. His words in the email that told my mother she was approved he said the following, "Hi Lee and James, Congratulations On Getting Approved! Below is my contact information for your record. I look forward to staying in contact with you. I wish you the best on your path to being debt free." So what I see is that he only said those things to make my mother feel comfortable as he would be there to answer any questions she may have. Terrible!!!!!!!!!

I didn't even deal with this company. They ended up having some company called Cordoba Legal contact me. Cordoba Legal convinced me that they could get my personal loan lowered so I signed an agreement with them. As soon as I did, they stopped all contact with me. I saw in my agreement that I had 10 days to cancel it, so I did.... after 3 texts, 3 calls, and 3 emails. I don't even know who Smart Money Capital is and they obviously work with shady businesses.