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Ever heard of Lafayette funding?

Senior Contributor

Ever heard of Lafayette funding?

DW got a pre approved mailer from them today...looks to good to be true.

 

She's preapproved for a debt consolidation loan of 70k with a 3.89 interest rate.

 

I've never heard of them.  Have you?



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 1 of 4
3 REPLIES
Valued Contributor

Re: Ever heard of Lafayette funding?


tcbofade wrote:

DW got a pre approved mailer from them today...looks to good to be true.

 

She's preapproved for a debt consolidation loan of 70k with a 3.89 interest rate.

 

I've never heard of them.  Have you?


Interesting. I've not heard of this place but that sure is a good rate.

 

She will take a hit of course if she applies... I did look around a bit on the site and it is hard to find information on how it all works.

 

I wonder if that low pre-approval is just a teaser? I'll be curious to learn what you all end up doing.

Ray

** Every Card has a Job, and Every Card does its Job **
Message 2 of 4
Senior Contributor

Re: Ever heard of Lafayette funding?

Hi Ray!

 

Right now, we're doing NOTHING.

 

A little bit of googling revealed that they seem to be a "lead generator" for mortgage lenders. 

 

No thanks.

 

 



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 3 of 4
Valued Contributor

Re: Ever heard of Lafayette funding?


tcbofade wrote:

Hi Ray!

 

Right now, we're doing NOTHING.

 

A little bit of googling revealed that they seem to be a "lead generator" for mortgage lenders. 

 

No thanks.

 

 


Ugh... Good move on your part. Now it makes sense.

Ray

** Every Card has a Job, and Every Card does its Job **
Message 4 of 4