Nationwide Loan Consultants & Advisors

Unsecured loan consulting for individuals and businesses

Nationwide Loan Consultants & Advisors (NWLC) is a Florida limited liability company that acts as a broker and provides consulting, advisory, and assistance services to individuals interested in obtaining unsecured personal and business loans. The firm does not grant credit, does not fund transactions, and does not provide loan servicing: its role is to research and connect applicants with lenders in its loan ecosystem.

The company states that it is licensed and bonded in more than thirty states, holds an A+ accreditation from the Better Business Bureau, and is approved by the three major credit bureaus. Its industry experience dates back more than fourteen years, according to its own presentation.

Loan products

The firm's catalog is organized into four main lines:

• Personal loans.
• Business loans.
• Debt consolidation loans.
• Home improvement loans.

For personal loans, available amounts start at $10,000 and have no stated maximum, with typical repayment terms of one to seven years. Not all lenders in the ecosystem can provide amounts over $100,000, and loans are not available in all states. Annual percentage rates (APR) vary according to each lender's terms and range from 5.4% to 35.36%. The firm illustrates the calculation with an example: for an A1 credit grade, a $10,000 loan with a 5.4% interest rate and a 1.11% origination fee ($111) would result in an APR of 6.149%, with a net disbursement of $9,889 and 36 monthly payments of $301.51. No down payment is required and there is no prepayment penalty.

Pre-qualification criteria

The company targets applicants who meet a series of credit and financial requirements. Among the attributes it values are a FICO score of 680 or higher, verifiable income of at least $60,000 annually, no bankruptcies or repossessions, no foreclosures or collection accounts, and no late payments in the past six months.

Support for applicants

NWLC describes its work as comprehensive assistance that helps clients understand the lending industry, compare their current financial situation with a new consolidation program, and evaluate the pros and cons of each option, including interest rates and monthly expenses. The firm notes that its market knowledge helps prevent bankruptcy and credit damage through consolidating high-interest debt, and that it works to protect clients from payday loan companies and other entities that exploit personal credit information for illicit purposes.

The service includes guidance to understand communications with financial institutions, which according to the company streamlines the process and saves consumers time. Support is available twenty-four hours a day to answer questions.

Fee model

The company charges only a consulting and advisory fee to the consumer. Payment of that fee is contingent upon the client finding a satisfactory lender on the list generated by NWLC and upon the exchange of money between the lender and the consumer. The firm does not charge upfront fees and does not collect any amount if the loan is not finalized. The client ultimately decides whether or not to proceed with the application.

Partner program

The company maintains a partnership program aimed at partners who can leverage its industry experience. The offering includes live transfers and emailed leads, daily, weekly, or monthly reports prepared by team managers, integration support from the IT team, and a revenue-sharing arrangement. The company states that it has databases with information accumulated over years on lending institutions, allowing it to pass on market changes and advantages to partners.

Structure and scope of operations

The headquarters of Nationwide Loan Consultants & Advisors, LLC is located in Pompano Beach, Florida, and the company is incorporated as a limited liability company in that state, with its principal office in Broward County. The firm operates as a licensed broker in various states, including California, and handles inquiries through its phone and corporate email.

Location and contact

555 SW 12th Ave, Suite 202, Pompano Beach, FL 33069 · Phone: (888) 463-5255 · Email: info@nationwideloanconsultants.com