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Merit Financial Trust

1,227 inquiries |
Loan Companies

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PO Box 204 #1 Wakpamni Lake Housing
Batesland, SD 57716 | Get Directions

(844) 688-5921

http://meritfinancialtrust.com

Company Rating

BBB

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Customer Reviews

based on 1 review.

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Complaint Experience

N/A

Complaint Resolution Index (CRI)

Complaint Resolution Index (CRI) Explained The Complaint Resolution Index (CRI) is an indicator on how responsive a company is in addressing and resolving customer complaints brought to their attention by BCA. If they are considering doing business with the company, consumers can use this indicator to forecast the likelihood of having their issues addressed if a problem arises. CRI measures the company's customer satisfaction abilities through BCA’s complaint mediation process.

A variety of factors are considered when calculating CRI. This includes how quickly a company responds to complaints, the number of complaints against a company, whether the company addressed complaint allegations, and the outcome of the complaints. CRI is just a subset of the overall rating for the company. Consumers are encouraged to take into consideration the company's CRI, their overall BCA letter rating and other relevant information about the company so they can make a well-informed purchasing decision.

Membership Information

This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.

Recent Review

Posted on 12/25/2022 Gregory L.

Loan sharks

Horrible loan structure, Do NOT NO matter how desperate you are accept a loan from.these people. 1. Insane interest rates with an APR of.over 700% yes I said Seven Hundred Percent that is not a typo. 2. Purposely will place numerous Road blocks to making early payment, you can do it, but you have spend a lot of time digging into obscure areas of their web portal, and it is done by design, they purposely put up barriers to making early payment to gouge you for interest. 3. If you use a credit card they run it as an ACH transaction and that will insure you get nailed for both a cash advance fee plus any interest your credit card may charge you. 4. They do NOT report your payments to the major credit agencies TransUnion Equifax and Experian, but claim they do with deceptive web site claims They appear to be on a reservation in SD ,therefore most likely outside of any fair credit or lending laws , so they can gouge you at will.and there is NOTHING you can do about it. AVOID THIS COMPANY AT ALL.COSTS. Borrow the money from family friends or go see a loan shark and pay 3 points vig ...you'll be way better off than doing business with this scam.of a company

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Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

BCA's Summary and Analysis:

We have received no complaints against this company.

Our complaint services are free and our team of expert mediators will assist in resolving complaints with businesses.

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Complaint Closing Statistics

0 complaints against Merit Financial Trust closed in last 3 years.

Complaints	Type of response
0	Making a full refund, as the consumer requested
0	Making a partial refund
0	Agreed to make an adjustment
0	Refusing to make an adjustment
0	Refuse to adjust, relying on terms of agreement
0	Unanswered

Other Information

Company Info

This company's business is loan companies.

Primary Contact:
Business Started:	N/A
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Licensing

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

We have no further comment about this company's business practices or analysis of its offer that may assist you in your consideration of this company.

Other Considerations

We know of no other matter or practice relating to this company that may assist you in your consideration of this company.

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Additional Info

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