A reader sent me a mailer from Glider Lending through my I Buy Junk Mail program.
On the surface, the mailer looks like just another offer for a personal loan to consolidate debt. In the last few years, there have been a number of such offers out there where consumers were told they did not qualify for a loan and were instead pitched debt settlement, sometimes with advance fees.
The mailer mentioned credit card debt is passing and certainly didn’t raise any flags for me there. It wasn’t until I went to the GliderLending.com website that my curiosity was peaked.
Here is what the Glider Lending site says, “Credit card debt is hard to manage – but we at Glider Lending want to help you fly into a new financial horizon. We offer a comprehensive debt solution that can reduce your financial obligation by almost 50%, with the ease of one simple monthly payment. Signing up is easy: all estimates, no account numbers, no credit pulls. Buckle up, your new life is ahead.”
Maybe they didn’t mean for it to sound so much like the usual debt settlement pitch, but it does to me.
And then there is the information request for which is geared towards only credit card debt.
The envelope has a return address of 275 4th Street East, Suite 496, St. Paul, Minnesota 55101. That’s the same address they list on their website.
Their disclosure statement on the website says, “Glider Lending is not a lender in any transaction and does not make loans, loan commitments, or lock rates.” They also say, “Glider Lending is not an agent of you or any lender. Glider Lending services are only administrative. Glider Lending is a paid marketing lead generator.” – Source
The State of Minnesota has no registered company under the name Glider Lending.
There is also no company registered to do business in Minnesota under the name Lucky Marketing.
I would suggest before you leap that you check out the company yourself. An educated consumer is always the best consumer. You can use my free guides below to do your own research and reach your own conclusions before giving over private information.