PayOff.com says they will payoff your cc debt

[Anonymous]

I have never heard of this company called PayOff. According to their website they specialize in helping consumers pay off their credit card debt via a loan between $5,000 and $25,000. Digging deeper they are with First Electronic Bank in Sandy UT. Website says when applying your credit score is not affected. I don't to see the interest rate. I don't need this as I have no credit card debt but I thought some else would like this information. Here is the link.  https://www.payoff.com

[Anonymous]

The website says that the rate is 10-22% APR. If it's really what they advertise then it's an option to consider if you're deep in the hole. If your credit is not a total train wreck though, you can probably get a better APR elsewhere.

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@Anonymous wrote:

I have never heard of this company called PayOff. According to their website they specialize in helping consumers pay off their credit card debt via a loan between $5,000 and $25,000. Digging deeper they are with First Electronic Bank in Sandy UT. Website says when applying your credit score is not affected. I don't to see the interest rate. I don't need this as I have no credit card debt but I thought some else would like this information. Here is the link.  https://www.payoff.com

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[Anonymous]

Might just be another peer to peer lender, which specializes in consolidation.

[Anonymous]

I never qualify for these. I just do the ptequalify options just to see and they always say they can't help me due to past credit problems. But I'm not in 5000 dollars in debt anyways....now

[Anonymous]

I wonder if a denial comes with a free Fico score like Prosper?

[Anonymous]

Okay, I hit it and got a reject:

Checking your rate was a great first step to paying off your cards.

We checked your credit (don't worry, it was a soft-check), and it looks like you don't fit our credit criteria. We'd like to help you get where you need to be.

Here's a complete list of areas for improvement along with tips to get you started:

• 1. Based on our reports, you have a lot of inquiries on your credit report.

  We typically look for 3 or less inquiries in a 6 month period.

  Avoid new, unnecessary inquiries that hurt your credit score. →

  And they pull TU:

  We also obtained your credit score from this consumer reporting agency and used it in making our credit decision. Your credit score is a number that reflects the information in your credit report. Your credit score can change, depending on how the information in your credit report changes.

  Your Credit Score: 787
  Date: June 5, 2015
  Score Range: from a low of 330 to a high of 850