Business

Taft Financial Personal Loans Get Bad Reviews

Published

4 years ago

December 16, 2020

Taft Financial’s unrealistic personal loan offers are getting bad reviews from multiple personal finance web sites. Crixeo, the popular news and review site, has done a review of Taft Financial and has raised the question if Taft Financial ever honors the 3.09% APR or is it simply part of a long-running bait and switch scam . According to Crixeo journalist Ed Miles:

“The story is the same. They lure you in by sending you direct mail with a “personalized invitation code” and a low 3.09% APR to consolidate your high-interest credit card debt into a new personal loan. You will be directed to My Taft Financial website. More than likely you will not qualify for one of their personal loan offer and they will try and flip you into a more expensive debt product.

A personal loan is a handy tool that can enable you to consolidate your debt, make a large purchase, pay your bills, and essentially, make your life easier. However, as much as personal loans can be used for pretty much any reason, it does not mean that you should take them out.

When you take out a personal loan, you are taking on debt. Hence, the reason behind taking a personal loan should be legitimate and good enough. For example, taking out a personal loan to finance a vacation does not qualify as a good enough reason.

Therefore, if you are confused about whether you should take out a personal loan based on your financial situation, then read this guide. It will highlight what a personal loan is and when you should opt for one.

However, be on the look out for the financial scams that seem to appear in your mailbox every other day.

What is a Personal Loan?

A personal loan is a predetermined amount of money that a lender gives you for a set period. During that time, it needs to be paid in fixed monthly payments. A personal loan also comes with a fixed interest rate.

The amount of loan and interest are determined based on various factors, including the borrower’s income, credit score, and financial history. You get the amount in full, which you can use, and then make monthly payments to repay the loan. This helps you budget and manage your finances efficiently.

Reasons Why You Should Take Out a Personal Loan

1. You Need Funds Fast

Typically, an application to take out a personal loan is online and can be filled quickly. The approval for the application and the funds all get transferred pretty quickly.

For this reason, taking out a personal loan can be a good idea if an unexpected expense hits you that you cannot afford. This can include a loved one’s death, medical expenses, a leaky roof, or an unanticipated auto repair. A personal loan can be a great idea in these types of situations since you can get all the funds in less than 24 hours.

2. For Debt Consolidation

One of the most common reasons why people opt for a personal loan is for debt consolidation. This is when individuals have multiple outstanding debts with high balances that they need to pay to creditors, typically when they have a lot of personal debt and are in need of credit card relief. Taking out a personal loan helps to pay off all these outstanding debts all at once. This streamlines your finance and makes them easier to manage.

A benefit of doing this is that personal loans have lower interest rates than credit cards, which helps you save hundreds of dollars in the long term. Moreover, it allows you to improve your credit score as multiple credit card debts harm your credit score.

3. You Want to Finance a Major Purchase

If you want to make a large purchase, such as buying a car, yacht, or motorbike, you might be tempted to swipe the credit card and purchase it. However, a better alternative is taking out a personal loan to finance the purchase instead and use credit cards for short-term expenses only.

This is because the longer you take to pay back the debt on your credit card, the more interest you will have to pay. However, that is not the case for personal loans as they have fixed interest rates which do not increase.

4. You Want To Make Investments

It may not be a completely wise decision to take out a personal loan and use it to make investments because of the increased risk. This is particularly true if you plan to invest in the stock market.

However, if you are confident in the positive outcome of your investments, and if you still want to use the loan to invest, then you can. However, we must reiterate that it is not a wise decision because all of your borrowed money can go to waste if you do not make a profit from the investments.

5. For Home Remodeling and Repairs

Many people turn towards personal loans when they want to fix and make repairs around the house. They also do it even when they want to remodel the house. Some of the reasons you might want to take out a personal loan for home remodeling and repairs are to repair your furnace, get a pool, and fix a leaky roof.

If you are confident that you will pay the loan back, then it would be a good idea for you to take out a loan and use it for remodeling and repairs if you do not have the money upfront.

6. To Pay for Education

College tuition is costly. Hence, it would be helpful for students to take out a personal loan and use it to pay for their education and other related costs. In certain cases, a personal loan is a better alternative to a student loan. For example, there are restrictions on a student loan, and you cannot use it for other purposes besides education. Contrastingly, a personal loan is not that restrictive. Moreover, a personal loan has a lower interest rate than a student loan.

7. To Pay the Bills

In certain situations, there is not enough money to pay for your day-to-day bills. If you have exhausted every other option, then you can consider taking out a personal loan to pay for them. However, this is only a good option if you can find a loan with a very low-interest rate and are confident that you can pay it back.

The Bottom Line

Personal loans are an excellent option for a lot of reasons. However, you should be mindful that they have to be repaid after a certain amount of time; otherwise, they may have a negative impact on your credit history. For this reason, you should only take out a personal loan when you really need to.

Business

13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

Published

2 days ago

April 23, 2025

Matthew Wiles

As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website.

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures.

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.