Advantage Preferred Financial Review - Scam or Legit

Advantage Preferred Financial Review: Scam or Legit?

Advantage Preferred Financial is a financial services company that aims to assist consumers with their financial needs. The company specializes in providing debt relief and credit counseling services.

Their offerings include facilitating personal loans, home improvement loans, and debt consolidation loan programs aimed at helping consumers consolidate their high-interest credit cards, providing an avenue for simpler and possibly lower-cost repayments.

In this comprehensive review, we will delve deeper into the various aspects of Advantage Preferred Financial. From understanding who they are, their credentials, customer ratings, and feedback on various platforms to their commitment to customer service and success.

We aim to give you a well-rounded view of this company, its pros and cons, and possible alternatives, allowing you to decide whether their services suit your needs.

Who are Advantage Preferred Financial?

Advantage Preferred Financial is a financial service company specializing in facilitating loan and installment programs, particularly focusing on consolidating high-interest credit cards into one package. It’s also noted that they offer a debt settlement service.

However, despite extensive online searches, detailed company information such as its history, executive team, mission, or vision remains elusive. The company doesn’t seem to have a clear presence on popular business platforms like LinkedIn. While they have an official website, it was not transparent in providing company details.

If you have more information about Advantage Preferred Financial, please leave a comment below or contact us directly.


Advantage Preferred Financial only discloses its post office box in Plano, Illinois, but there’s no such legal entity name in the Secretary of State Illinois database.

Their postal address is:

  • PO Box 86, Plano, Illinois

Please note that this information may be subject to change, and it’s always a good idea to confirm the current location before reaching out.


According to Advantage Preferred Financial’s website, the company provides various financial services to address customer needs.

Here are the services they offer:

  1. Personal Loan: can be helpful by providing immediate cash that you can use for any number of expenses, such as consolidating debt, funding home improvements, or covering emergency costs.
  2. Home Improvement Loan: provides quick funding with flexible repayment options, making it a convenient financial solution for those planning to renovate or repair their homes.
  3. Debt Consolidation: designed to help customers consolidate their high-interest credit cards into a single payment plan. This can help reduce the overall interest and simplify their repayments.

Please note that the services offered might vary, and it’s best to contact Advantage Preferred Financial directly for the most accurate and up-to-date information.

Secretary of State Information

Unfortunately, after thorough research, I could not find specific information about Advantage Preferred Financial in the Secretary of State Information database.

Advantage Preferred Financial - Secretary of State information

This includes registration information, corporate filings, or any legal information related to the company that the Secretary of State’s office manages.

This does not necessarily indicate a problem or issue with the company. It could simply mean that the company operates under a different name.

The official website’s Privacy Policy and Terms & Conditions pages lead to another similar website called New Start Financial (

Based on these online documents, both websites are affiliated with P&K Partners, LLC, located at:

  • 405 E Lafayette Street Somonauk, IL 60552

Fortunately, P&K Partners was not found in the Secretary of State Illinois database.

Always make sure to do your own due diligence when researching financial companies you are planning to make business with.

Licenses and Accreditations

Unfortunately, we could not find specific information regarding the licenses and accreditations of Advantage Preferred Financial.

Financial companies must have relevant licenses and accreditations to ensure they uphold industry standards of practice and consumer protection.

In the context of this comprehensive review, it is crucial to note that the absence of this information may impact the company’s credibility and consumer trust.

Always verify the licenses and accreditations of any financial institution before engaging in their services. We recommend contacting Advantage Preferred Financial directly for this information or checking with relevant financial oversight bodies.

Remember, a transparent and legitimate business will have no issue providing such information to potential customers.

Offer Mail Example

Here’s an example Advantage Preferred Financial offer letter I received in my mailbox:

Advantage Preferred Financial - Offer mail - Front
Advantage Preferred Financial - Offer mail - Back

The disclaimer section on this paper refers to Greenlight Financial Freedom (

According to the Secretary of State of California, only one Geenlight Financial Freedom, Inc. registered recently (June 28, 2023).

Advantage Preferred Financial - Secretary of State information - Greenlight Financial Freedom

As a potential customer, you may receive such an offer mail after initiating contact with the company or expressing interest in their services.

Please always verify any correspondence directly with any company before proceeding.

Official Website

According to their lending page, Advantage Preferred Financial ( offers personal loans, home improvement loans, and debt consolidation loan programs.

Advantage Preferred Financial - Official website

However, the lending page is poorly made and, based on the research above, raises more questions than provides answers.

It is unusual for a financial company not to have an easily accessible official website, as it is typically a crucial platform for providing information and services to clients and potential customers.

In summary, the absence of readily available information about the company on its official website raises questions about its transparency and ease of accessibility.

In the digital age, a company’s online presence, specifically an official website, is critical. Therefore, the lack of one for Advantage Preferred Financial is a significant concern.

LinkedIn Profile

Unfortunately, Advantage Preferred Financial does not appear to have a LinkedIn profile. We were unable to find a specific profile related to this company on LinkedIn. This could be due to various reasons, such as the company choosing not to have a presence on LinkedIn or operating under a different name.

Commitment to Customer Service and Success

Unfortunately, no specific information about Advantage Preferred Financial’s commitment to customer service and success is available. Details about their customer service policies, initiatives, and customer testimonials are not publicly available now.

For a comprehensive understanding of their customer service and success rate, it would be ideal to directly contact the company or refer to personal experiences shared by their customers. We will update this section as soon as more information becomes available.

Better Business Bureau (BBB) Rating

Our research shows Advantage Preferred Financial does not have the Better Business Bureau (BBB) profile either.

This discrepancy could be due to the company being relatively new or changes in their BBB accreditation status.

We recommend our readers check the BBB’s website for the most accurate and up-to-date information regarding Advantage Preferred Financial’s BBB rating and customer feedback.

Trustpilot Rating

Unfortunately, there doesn’t appear to be any information available regarding Trustpilot reviews for Advantage Preferred Financial. This could mean that the company does not have a profile on Trustpilot or that customers have not left reviews on this platform.

For the most accurate and up-to-date information, it is recommended to visit the Trustpilot website and search for “Advantage Preferred Financial”.

Google Reviews Rating

Unfortunately, there is no information about Advantage Preferred Financial at Google Reviews. We attempted to search on Google for relevant reviews and customer feedback, but we could not find any for this particular company.

We encourage readers to double-check this on their own as well. This lack of reviews does not necessarily reflect on the company’s services or reputation as it may be due to various reasons, such as being a new or small-scale company.

Best Company Rating

Unfortunately, Advantage Preferred Financial has no ratings and customer feedback on Best Company. The company does not seem to be listed on this platform.

Success Rate

Unfortunately, insufficient information is available online to evaluate the success rate of Advantage Preferred Financial. The company does not publicly share statistical data or specific details about its performance or client success.

This might be due to their particular business model or client privacy policies. However, remember that while a company’s success rate is a helpful indicator of its performance, it is not the only factor to consider when evaluating a financial service provider.

Conduct thorough research and consider their offered services, customer feedback, and accreditations.

Advantage Preferred Financial Pros and Cons

From customer reviews and online sources, the pros and cons of Advantage Preferred Financial are the following.


  • We did not find any.


  • Extremely complex affiliation chain that leads to nowhere: do your own research
  • Lack of BBB Accreditation: Advantage Preferred Financial is not accredited by the Better Business Bureau, which can raise questions about its business practices and credibility.
  • Lack of Online Reviews: There is a noticeable lack of customer reviews for the company. This can indicate a lack of transparency or a newness that might discourage potential users.

It’s crucial to weigh these pros and cons before deciding on whether to use Advantage Preferred Financial’s services.

Please note that this information might change over time, and it’s always a good idea to perform your own due diligence before making financial decisions.

Advantage Preferred Financial Alternatives

Based on my personal experience, the best alternative for any loan is a personal emergency fund. Here’s how you built it with no effort (check the autopilot section):

Emergency Fund - A Comprehensive Guide for Financial Planning

There are several companies pop up during Google search as debt relief and credit counseling services leaders in financial solutions.

Here are a few to research:

  1. New Era Debt Solutions: Best known for their overall service, New Era Debt Solutions offers comprehensive programs to reduce and eventually eliminate debt. They’ve built a strong reputation for their dedication to customer success.
  2. National Debt Relief: Particularly effective for large debts, National Debt Relief has earned an A+ rating from the Better Business Bureau. Since 2009, they have been a constant in the debt relief industry, helping countless individuals regain control of their finances.
  3. Freedom Debt Relief: With a focus on credit card debt, Freedom Debt Relief has resolved over $15 billion in debt. They’ve served over 850,000 customers and maintain an A+ rating with the BBB.
  4. Accredited Debt Relief: Recognized for its short program length and cost savings, it offers personalized debt relief options that meet individual needs and circumstances.
  5. Century Support Services: Century Support Services is renowned in the debt settlement industry. They offer various services, from debt reduction strategies to financial education, to help clients manage their financial situation effectively.

Finally, I would suggest starting your own research from reputable debt consolidation companies from my list (I used two of them):

The Ultimate Guide to Debt Consolidation Loans

Remember, finding a financial solution that fits your unique situation is key. Take the time to research each option and consult with a financial advisor if necessary. Reach out to these companies, understand their programs, and make an informed decision toward financial stability.


How do debt settlement companies work?

Debt settlement companies are often termed “debt relief” or “debt adjusting” companies. They interact with your creditors on your behalf to negotiate your total debt amount to lessen your repayment. These businesses negotiate with creditors to reduce what you owe, mainly on unsecured debt such as credit cards. However, their services come with a cost, usually a fee of 15% to 25% of your original debt.

What does debt relief do?

Debt relief is a process that involves the reorganization of a debtor’s monetary obligations, making them more manageable to repay. It’s often achieved through renegotiating terms, reducing interest rates, or canceling a portion of the debt. This system provides financial respite to borrowers while potentially allowing creditors to recover at least a part of the owed amount.

What are the disadvantages of personal loans?

Personal loans, while accessible, come with drawbacks such as potentially high-interest rates, fees, and penalties. These loans can damage credit if mishandled and exacerbate one’s debt. They often require collateral and a firm commitment to a payback schedule, which can further strain a borrower’s finances.


In conclusion, we could not validate Advantage Preferred Financial as a legitimate company.

Please be extremely cautious before deciding to move forward with this company, and always do your own research upfront.

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