Ascend 1 Financial Review: Is This a Legit Company?

ascend 1 financial

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Ascend 1 Financial offers debt consolidation loans and debt relief services via direct mail and the internet. They are part of the new wave of companies soliciting a debt consolidation loan offer with low interest rates that target American consumers in poor financial health (average to poor credit history, facing financial hardship), high debt-to-income ratio).


Ascend 1 Financial Review: Is This a Legit Company? 1

Ascend 1 Financial claims to be able to pay off your high-interest rate credit cards and procure a debt consolidation loan with a single monthly payment. It has been reported that during the application process, some customers are offered high interest rates with payments different from what was advertised.

Overview of Ascend 1 Financial

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Ascend 1 Financial Review: Is This a Legit Company? 3

The company offers a diverse range of loan programs, including personal loans, debt consolidation loans, and home equity loans. Ascend 1 Financial claims to help individuals with less than perfect credit find loan options through their network of participating lenders.

In addition to providing loan referrals, Ascend 1 Financial’s website indicates that they perform research and analysis to identify the best loan options for their customers. They aim to connect customers with lenders who can provide competitive rates and customized loan terms tailored to their specific needs. This approach may be useful for those who are seeking loans but are unsure of which lender and loan program to choose.

Ascend 1 Financial is related to Priority Plus Financial, which is located in Irvine, California.

BBB Rating

Priority Plus Financial has an A+ rating on the Better Business Bureau. They have been accredited since 7/22/2020. There are 4 complaints on their profile, here are a couple:

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What Does Debt Settlement Mean?

Debt settlement refers to a process where a debtor negotiates with their creditors to reduce or settle their outstanding debts for a lower amount than what is actually owed. This can be done directly by the debtor or by hiring a debt settlement company.

The aim is to provide some financial relief to individuals struggling with considerable debt. While debt settlement can provide immediate relief and potentially reduce one’s financial obligations, it can significantly impact one’s credit score and may lead to tax consequences, as the forgiven debt might be considered as taxable income.

Debt Consolidation vs Debt Settlement

Debt Consolidation and Debt Settlement are two different strategies used for managing debt. Debt Consolidation involves taking out a new loan to pay off multiple debts. This strategy is beneficial for those who have multiple high-interest debts as it allows them to combine all their debts into a single payment at a lower interest rate, making their debt more manageable.

On the other hand, Debt Settlement is a process where a debtor negotiates with their creditors to reduce the overall amount of debt owed. This is often a more drastic approach and can negatively impact one’s credit score. It may be beneficial for those with large amounts of debt who are unable to make their minimum payments. Both strategies have their pros and cons and the choice between the two depends on the individual’s financial situation and debt management goals.


Overall, Ascend 1 Financial appears to be an option for those seeking loans and loan referrals. However, as with any financial decision, it’s important to carefully evaluate the terms and conditions of any loan offer before accepting it. It may also be beneficial to compare loan offers from multiple lenders to ensure that you’re getting the best deal possible.

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