This Signature One Financial Review
In this Signature One Financial Review, we will be reviewing Signature One Financial Personal Unsecured Loans. Our reviews of these Signature One Financial personal unsecured loans will be based on actual testimonials and some of the facts regarding Simple Interest vs Compound Interest.
Signature One Financial Review Including Client Testimonials
Earlier this year we started Phase 2 of the Signature One Financial Reviews by contacting the principles at Signature One Financial and requesting permission to make random contact with the Signature One Financial client base. We were pleased with the response from Signature One Financial in permitting the CFRB to make contact with the Signature One Financial client base in order to further our Signature One Financial Reviews.
Signature One Financial Personal Unsecured Loans Perfect For Debt Consolidation
In the this CFRB Signature One Financial client testimonial review we discovered that over 90% of the Signature One Financial Personal Unsecured loan clients used the personal unsecured loans for debt consolidation primarily to pay off high-interest credit card debt. This statistic is due in part to the marketing done by Signature One Financial where they send out pre-selected notifications to consumers who fit specific criteria that provide Signature One Financial with their highest degree of success as discussed in previous Signature One Financial Reviews and the mathematics behind Simple Interest vs. Compounding Interest. In this Signature One Financial Review, we will look at the difference between Simple Interest vs. Compounding Interest and the Signature One Financial personal unsecured loan and why it is perfect for debt consolidation when paying off high-interest credit card debt.
Signature One Financial Review “How Do They Do It”
In this part of the Signature One Financial Review, we ask the question “How Do They Do It”? In reviewing Signature One Financial clients we were amazed to discover how many people with damaged credit or low credits scores were able to qualify for a Signature One Financial Personal Unsecured Loan. For example, one client in particular amazed us. For the sake of identity protection, we will simply refer to this client as Jane.
“Jane received a letter from Signature One Finacial in the mail stating that she had been pre-selected to receive a personal loan from Signature One Financial for up to $35,000.00. She needed the money to pay off high-interest credit card debt but she knew her credit was less than needed for this type of loan. Jane gave it a shot and called Signature One Financial and applied for the loan. Jane was contacted the next day and informed that her credit score through Experian was 537 and that this is considered a very low credit score. The Signature One Financial representative continued to counsel Jane on why the credit score may be so low and what she could do to improve her credit score and maintain it in the future. Jane felt as if she was being let down gently but still appreciated the advice from the Signature One Financial representative. At that moment the Signature One Financial representative informed her that she was approved for a personal unsecured loan with a fixed interest rate and a term of either 3 or 5 years”.
What we said approved with a 537 credit score? It would be hard to get a secured loan with a 537 credit score!
And that is just one of many testimonials about Signature One Financial and why we maintain our 5-star rating in our Signature One Financial Reviews.
Signature One Financial Review, Personal Unsecured Loans Are Great For Debt Consolidation
In this part of the Signature One Financial Review, we look at the Signature One Financial Personal Unsecured Loan and why it is perfect for debt consolidation. To do this we will look into the mathematics of Simple Interest vs. Compounding Interest, but first, let’s state some aspects of the Signature One Financial Unsecured Personal Loan and Credit Card debt.
The Signature One Financial Unsecured Personal Loan components are as follows:
- Simple Interest
- Fixed Rate
- No Pre-Payment Penalty
- 3 or 5-year Term
Credit Card debt components are as follows:
- Compound Interest
- Interest compounded against an average daily balance
- Variable Rate
- Minimum Payments Can Go On For many Years
Simple Interest vs Compound Interest
- Simple interest is applied to the principal loan amount
- Compound interest is applied not only to principal amount but also to the interest it accrues.
- Most credit cards compound their interest on an average daily balance
The mathematics for calculating simple interest is fairly simple as compared to the mathematics for calculating compound interest, but since compound interest charges interest on the interest that has accrued on the balance, carrying any balance on credit cards for more than a few months becomes very expensive. Add to that compounding interest on an average daily balance credit cards can cost you many times over the amount you originally charged.
Most consumers do not understand the complexities of the mathematics behind the compounding of interest on their credit cards making it extremely easy to get caught up in a web of credit card debt that may seem impossible to escape.
With a personal unsecured simple interest loan like the ones Signature One Financial provide you are able to stop the compounding of interest on your debt and save thousands of dollars by paying off your debt with simple interest as well as the possibility of monthly payment relief.
Signature One Financial Review Maintains A 5 Star Rating
Due to the business model and commitment to serve the consumer as supported by consumer testimonials the CFRB maintains its original 5-star rating in this Signature One Financial Review.
As always the CFRB encourages your comments on this and all the reviews published through this website.
Reviews of other companies with names similar to Signature One Financial
This Signature One Financial Review address the reviews of other finance companies that have similar names and are populating in Google, Bing, Yahoo and other search engines when the phrase Signature One Financial Reviews or the phrase Signature One Financial Review are entered into the search engines even simply entering Signature One Financial without using the word Review or Reviews.
Signature Capital Ripoff Report Complaint Review is Not a Signature One Financial Review
One finance company review in particular that populates in the search engines when Signature One Financial Review, Signature One Financial Reviews or Signature One Financial without the word Review or Reviews is entered, a Ripoffreport.com review of a company named Signature Capital International LLC, located in Aliso Viejo California as opposed to Signature One Financial located in Corona California. The Review is titled Signature Capital Complaint Review and list many scathing comments against Signature Capitals and its partners. Oddly one of the partners is mentioned whose name is Dean Barrat. We bring up the partners name as being odd due to the fact that Signature One Financial (a completely different company with a similar name as Signature Capital) employs a Sr. financial Consultant named Dean Barwick two totally different individuals but again the similarities could mislead consumers searching for reviews for Signature One Financial or reviews for Signature Capital.
Know which company review you are reading. Signature One Financial Review or Not?
The purpose of this Signature One Financial Review is not to support the Rip Off Report Signature Capital Complaint Review, but only to bring light to the fact that they are two totally different companies and due to the similarities of their names the facts could be easily misunderstood and mislead consumers unless they look deeper into the identities of the actual company they are seeking to review.
This is a concern to us at the CFRB due to the fact that we have been publishing reviews for Signature One Financial based on our ongoing investigations into Signature One Financial and our Signature One Financial Reviews have maintained our highest rating. (Look under Signature One Financial Reviews category on this website).
What does Signature One Financial do?
From our short look into the Signature Capital Complaint Review in RipOff Report, it appears their complaints stem from their activities in Real Estate Investments.
In our Signature One Financial Reviews and ongoing investigations, we have found no such business activities conducted by Signature One Financial. Instead, our investigation shows that Signature One Financial provides consumers with fixed interest rate personal unsecured loans primarily for debt consolidation purposes and the Federally Regulated Liberty Program for consumers with high credit card balances that cannot qualify for their personal loans.
In our ongoing Investigation for the Signature One Financial Reviews, we have found no Signature One Financial Complaints, Signature One Financial Ripoff Report Reviews, Signature One Financial Scam Reviews or any negative Reviews for Signature One Financial.
As always we encourage consumers to comment on our reviews to help the CFRB bring accurate information regarding consumer finance companies into the light.
Recap of phase 2 of the Signature One Financial Review
Today we are continuing in phase 2 of the Signature One Financial Review. If you read previous versions of the Signature One Financial Reviews especially the Signature One Financial Review phase 2 we shared how we would contact Signature One Financial and request permission from Signature One Financial to conduct random interviews with their existing clients or consumers who have done business with Signature One Financial.
Although if a company that would not permit such access it should be held against them, however, the willingness of a company to allow this type of investigation reveals their openness and honesty in regards to their commitment to serving the consumer.
Signature One Financial’s commitment to the consumer confirmed
When we contacted Signature One Financial regarding this request for our Signature One Financial ongoing Reviews we were delighted to receive their openness and agreement to allow our interviews with Signature One Financial clients. currently, we are working with Signature One Financial to create an opt-in procedure to allow us to make random contact with the Signature One Financial client base in order to conduct surveys for our Signature One Financial Reviews.
A closer look into Signature One Financial
During this conversation with Signature One Financial more light was shed to support our 5-star rating in these Signature One Financial Reviews we spoke with Chuck Reid one of the directors at Signature One Financial. Chuck shared his own story of how he had incurred a large amount of credit card debt and how he was able to get out from under the burden of this mountain of debt. He stated that this motivated him to help other consumers by providing solutions for debt consolidations.
Signature One Financial’s Business Model
signature One Financial markets to consumers based on criteria that has proven to be the most successful in helping consumers consolidate credit card debt. They offer unsecured signature loans with fixed rates starting at 6.73% with terms of 3 to 5 years designed to lower monthly payments and get out of debt fast. These loans are simple interest loans compared to the compounding interest charged by credit card companies. In cases where the borrower cannot qualify for these loans, Signature One Financial offers the Federally Regulated Liberty Program as an alternative solution to consumers burdened with credit card debt. We maintain our 5-star rating for the Signature One Financial Review and are looking forward to releasing the results of the Signature One Financial Review interviews/surveys of their clients
As always your support through comments are highly encouraged.
Signature One Financial Review Phase 2
In September 2014 we started a new investigation for the Signature One Financial Review. Based on our initial findings in the investigation we gave Signature One Financial a 5-star rating for their Signature One Financial Review. Here it is nearly 3 months later and the consumer comments have been supporting our initial 5-star rating for the Signature Financial Review. We have continued to monitor public records and have found no negative fillings and have initiated an investigation only to discover even more support for the initial 5 star in the Signature One Financial Review.
Our continued investigation into this Signature One Financial Review will continue with monitoring of public records and encouraging consumers to Comment on their experiences with Signature One Financial and DMB Financial.
Signature One Financial Review Interviews
In phase 2 of the Signature One Financial Review, we will conduct interviews with actual consumers who have dealt with Signature One Financial. We will accomplish this by requesting interviews from consumers who have commented in the Signature One Financial Reviews an as well as contacting Signature One Financial directly and seeking for permission to randomly contact clients by providing an opt-in option. This step shows a lot about a company or organizations willingness to reveal their true ethics and commitment to serve the consumer. We will update these results in the Signature One Financial Review Phase 3 and all ongoing Signature One Financial Reviews.
Signature One Financial Reviews Consumer Support
As always we encourage your support in the Signature One Financial Review by commenting on your experiences with both Signature One Financial. We are looking for both positive comments that support our findings and negative ones that will allow us to look deeper and adjust our findings in this Signature One Financial Review. Your support is important in these Signature One Financial Reviews in order to increase consumer awareness and protection.
Staff Writers and Investigators
Signature One Financial located in Corona Ca. is a consumer finance company that specializes in unsecured personal loans primarily intended for debt consolidation. Their primary marketing is sending out mailers to pre selected consumers based on criteria that meets their highest success in providing unsecured personal loans mainly intended to help the consumers reduce their high balance credit card debt ultimately saving the consumer thousands of dollars.
We are giving Signature One Financial our highest rating in this Signature One Fiancial due to their business model of helping consumers reduce credit card debt and there business affiliation with companies like Prosper Loans, other Peer to Peer Lenders and private investors that share their commitment to help consumers eliminate credit card debt and who have maintained an A rating with the Better Business Bureau. We are also giving this Signature One Financial Review our highest rating due to their cooperation and compliance with the FTC.