New Fidelity Funding, Richmond, VA

Received an offer in the mail for up to a $59,000.00 loan to pay off my credit cards. I thought it was too good to be true, but thought I'd give it a shot anyway and went ahead with the application process. Luckily, I'm a mortgage underwriter. The loan money you're approved for is not given to you directly. Instead you pay the "low" payment with a 0.00% interest rate directly to New Fidelity Funding and they apply that payment to the "principal" of your credit cards. If you have minimum credit card payments totaling $800.00/month and you make a payment to New Fidelity of $300.00/month, they are going to pay only the "principal" portion of your credit cards. They do not clearly tell you that you're still responsible for the interest accruing on all of your credit cards. And we all know credit card interest rates are astronomical for most people. Bottom line, the payment to New Fidelity will not cover the minimum payments of your cards as required by each creditor. And not paying the required minimum payments could cause you serious credit issues. This scenario is the perfect example of Buyer Beware.

Got an offer in the mail for a decent amount, qualified and funded, and paid off three of my higher interest credit cards. Decent terms and interest rate. I thought it would be a lot higher since my credit score was lower. Happy with it all, recommend to anyone looking to consolidate some debt.

0 stars. Received a letter in the mail saying I am preapproved for $68,000. and that I "could" drop my total monthly payments from $1,450 to $250 at a rate of 2.92% interest. Went through the consultation and found out that loans are typically 4 years..maybe a little longer. If I were to want to pay off $68,000 in that amount of time, I would have to make a payment of over $1,500 according to a simple loan payoff calculator. Paying off $68,000 at a rate of 2.92% would actually take over 37 years to pay off! I don't understand how a company can make a claim like this. If it sounds too good to be true, it usually is!

Started off with two other lending companies but they weren’t the right match for me, they were beating around the bush too much when it came to answering my questions. I was skeptical about terms, like the interest rates and time but Steve at New Fidelity helped me get a loan for 100k and was upfront about the whole process. Two thumbs up for them!

I started my contract with them in December and they’ve been pretty much keeping up with their end of the bargain. I like that I continually get updates me about the status of my account. I’m pretty confident they’ll be able to settle my debt on time.

Received an offer in the mail for up to a $59,000.00 loan to pay off my credit cards. I thought it was too good to be true, but thought I'd give it a shot anyway and went ahead with the application process. Luckily, I'm a mortgage underwriter. The loan money you're approved for is not given to you directly. Instead you pay the "low" payment with a 0.00% interest rate directly to New Fidelity Funding and they apply that payment to the "principal" of your credit cards. If you have minimum credit card payments totaling $800.00/month and you make a payment to New Fidelity of $300.00/month, they are going to pay only the "principal" portion of your credit cards. They do not clearly tell you that you're still responsible for the interest accruing on all of your credit cards. And we all know credit card interest rates are astronomical for most people. Bottom line, the payment to New Fidelity will not cover the minimum payments of your cards as required by each creditor. And not paying the required minimum payments could cause you serious credit issues. This scenario is the perfect example of Buyer Beware.

Got an offer in the mail for a decent amount, qualified and funded, and paid off three of my higher interest credit cards. Decent terms and interest rate. I thought it would be a lot higher since my credit score was lower. Happy with it all, recommend to anyone looking to consolidate some debt.

0 stars. Received a letter in the mail saying I am preapproved for $68,000. and that I "could" drop my total monthly payments from $1,450 to $250 at a rate of 2.92% interest. Went through the consultation and found out that loans are typically 4 years..maybe a little longer. If I were to want to pay off $68,000 in that amount of time, I would have to make a payment of over $1,500 according to a simple loan payoff calculator. Paying off $68,000 at a rate of 2.92% would actually take over 37 years to pay off! I don't understand how a company can make a claim like this. If it sounds too good to be true, it usually is!