main-source-img

Total Score

(4.7)

User Score

(4.7)

Woman makes payment with credit card

Settlement

Settlements are commonly negotiated by third-party agencies who help to discuss your dues with a creditor. In a settlement, it is usually discussed and agreed upon that the borrower pays the creditor a lump sum amount. This amount is usually less than what the borrower originally owes.

  • PROS:

  • Helps you quickly fix your financial problems

  • Might be more costly in comparison to paying the actual amount that you owe

  • CONS:

  • An immediate but a makeshift solution to your debt issues

  • Some lenders might not accept your settlement offer

Consolidation

To consolidate debt is to collectively combine all of your accounts and form them into one enormous, single debt. In debt consolidation, borrowers usually take out a big loan with a more affordable payment option or more moderate interest rates and use it to pay off several other creditors.

  • PROS:

  • Does not require collateral

  • More attainable payment options

  • Instantaneous and straightforward process

  • CONS:

  • May potentially decrease your credit score rating

  • Will accumulate a larger interest rate of up to 15-20%

  • More extended payment terms

Businesswoman Calculating Bill
Couple With Documents Calculating Finance At Home

Personal Loans

A personal loan is a process of borrowing money from banks, credit unions, online lenders, friends, or relatives with a set interest rate and payment plan. Personal loans can be categorized into a Secured or Unsecured Loan. Secured Loans are loans that require collateral or down payment while Unsecured Loans do not require any of it.

While applying for a personal loan can be a viable option, it is also crucial to consider the proposed interest rates and repayment plans being offered to you.

  • PROS:

  • A quicker method for clearing debts

  • Viable for a short-term solution

  • CONS:

  • Lengthy approval time

  • May have higher interest rates

Main Source Funding

Total Score

(4.7)

User Score

(4.7)

Total Score

(4.7)

User Score

(4.7)

Price - % of Debt
15-25%
15-25%
Accreditations
AFCC & IAPDA
AFCC & IAPDA
Free Consultation
Yes
Yes
Min. Debt Accepted
$7,500
$7,500
Money-Back Guarantee
Yes
Yes
Number of Reviews
Sending
User Rating 5 (1 vote)

Sending
User Rating 5 (1 vote)

The Good

Systematic Procedure

Quick Response Time

No Service Fees

Systematic Procedure

Delivering outstanding support and quick handling procedures are two imperative factors to look into when scouting for a debt relief company that matches your needs. Main Source Funding appeases its customers by delivering both qualities with ease and precision. Their team of associates is very trained and proficient in handling questions and dealing with clients, and their method of handling consultations and applications is very organized. Their professionalism is so impressive that you can be sure that they can be relied on to get the job done and to get it done right.

Quick Response Time

One of our pet peeves is not getting a quick and accurate response from companies with whom we connect. It can be very frustrating when you cannot formulate swift decisions because you're still waiting for a response from agencies that you are relying on to provide you with the necessary information. Main Source Funding, on the other hand, gives clients a sense of importance by making sure that their time is valued.

No Service Fees

A lot of debt relief companies earn money by adding outrageous charges and miscellaneous fees on top of the agreed-upon rates. Companies who function through these practices are usually blinded by their lust for profit and not their desire to help. Main Source Funding proves that they empathize with their clients while running a business by solidifying agreed rates through written and unwavering contracts and by being upfront about the costs of each programs as well as other charges. This allows clients to decide if they can afford it and create a suitable budget for paying off their loans.

The Bad

Not the Cheapest Option in the Market

Not the Cheapest Option in the Market

Although Main Source Funding has a solid integrity record, they are not exactly the best-priced funding agency in the industry. While their ballpark interest rates run around 19 to 23 percent of your loan, their prices are a little steep in comparison to some other budget-friendly agencies. However, while rates are substantial factors to consider, in our honest opinion, we would really rather deal with a company that has a trustworthy track record, can deliver quick and fast results, and is notable for their courteous and accommodating staff. After all, we’re in it for the quality of service so we can guarantee that we’re really relieved of debt.

Contact Information

Website: mainsourcefunding.com/
Email: Contact Form
Address: Main Source Funding, 101 S. Reid St., Suite 307, Sioux Falls, SD 57103

We'll Introduce You!

Call our recommended rep over at Main Source Funding below.

Main Source Funding
main-source-img

Name: Main Source Funding

Description: If you are in debt and want a way out, Main Source Funding is there to help you get rid of it through their debt consolidation options. Their team consists of financial advisors that have been trained to negotiate terms that work a variety of debt scenarios making it possible for every people to become debt-free.

Price range: $3500-$10,000

Payment accepted: ACH

Currencies accepted: USD

Address: 101 S. Reid St., Suite 307, Sioux Falls, SD 57103

Telephone: 1-877-380-5760

  • Main Source Funding Review
    (4.7)
4.7

Delivering outstanding support and quick handling procedures are two imperative factors to look into when scouting for a debt relief company that matches your needs.

Delivering outstanding support and quick handling procedures are two imperative factors to look into when scouting for a debt relief company that matches your needs. Main Source Funding appeases its customers by delivering both qualities with ease and precision.

Pros

Systematic Procedure Quick Response Time No Service Fees

Cons

Not the Cheapest Option in the Market

Sending
User Review
5 (1 vote)
Comments Rating 0 (0 reviews)

main-source-img

Main Source Funding

Delivering outstanding support and quick handling procedures are two imperative factors to look into when scouting for a debt relief company that matches your needs. Main Source Funding appeases its customers by delivering both qualities with ease and precision.

Settlement

VS

Consolidation

VS

Personal Loans

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Honest and very upfront assessments of some of the leading debt relief companies in the industry.

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Their very detailed and comprehensive report allows me to decide which company I should partner with.

They are very thorough in presenting all the facts about one company from another, which gives me the option to compare programs, offers, and services.

It's an online service that helps you decipher the concept of each organization to find a program that is tailored for you.

3 Comments

  1. Benjamin C November 11, 2019
  2. Mell M November 14, 2019
  3. Lesley M November 17, 2019

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