Shady business / marketing practices The advertisement I received paints a picture that seems too good to be true… because it is. You will fill out a form online that is utilized as a hot lead for a salesperson. My exposure to Proper Funding is limited to receiving a postal advert, filling out an online form, and speaking with a rep / salesperson over the phone briefly. When I had a difficult time getting concrete answers to basic questions, I ended the call. Other companies like Discover and BOA (not an endorsement) also sent optimistically positioned mailers, but the most important questions were answered within the mailer, and I was able to call a rep that clarified points, answered additional questions, and did NOT try to hard sell me on a loan. For instance, ‘will accepting this loan require me to cancel the CCs that it pays off?’; ‘can I get pre-approved and receive confirmed interest rates and loan durations with a soft credit inquiry prior to accepting / committing to the loan?’; ‘Is there an origination fee?’; ‘Is there an early payoff penalty?’ Proper Funding’s mailer did not include any of this nor other basic info pertinent to evaluating the quality of the loan. Further, the salesperson gave evasive, vague, and non-committal answers to these questions and others. Equifax sold Proper Funding my personal info including name, address, debt amounts, credit score and who knows what else. That’s not new and far from isolated, but it does make the point that Equifax, Experian and Transunion use little, if any discretion in selling our personal info.

Beyond Puffery You will get a call from Strategic Consulting, which isn't primarily in the loan business but instead debt settlement business (they'd instead be upfront if that were generally a good thing). As explained on the call I received after putting in my info, the "pre-approval" mentioned in the letter is based on nothing more than looking at the debt amount and isn't a pre-approval in any sense that the term is commonly understood. And interest rate advertised as their average case is a "best-case," but not even that as it's stale after the interest rate hikes.

Incorrect information from your credit report??? They are sending me letters via snail mail with no return label or address. Only "2023" is visible as the return address. This is the 2nd letter I received so far! Phone Number in letter is 1-800-349-5242. They claim I have over $20,000 in credit card debt, which is not correct. In the letter they want to offer a consolidation loan for $30,000. The phone number in the letter doesn't match the phone number (+18888599549) on the website and they want me to visit myproperfunding.com instead of properfunding.com which then goes to properfunding.com anyhow? With incorrect information about me, and sending me to a website that changes it's https address, really concerns me. It's like two red flags! I suspect it is a scam, but I can't be sure. They are wasting time with me as I don't have anyone that I owe money to. It's like 2021s information they have and not 2023! Their information is over 2 years old!