Walco Funding: Simple Company Profile (2026)

Who Is Walco Funding?

Walco Funding is not a person. It is a finance company in the United States. It works under two names: WALCO Funding, LLC and Walco Funding PFCA, Inc.

The company does two main things:

• Helps people pay insurance premiums in monthly payments (this is called premium finance).
• Offers interest-free payment plans for vehicle and home service contracts (like warranties).

Public records say the company started in 1961, but official BBB records show the current LLC began on June 3, 2020. This likely means the company changed its legal form, not that it is brand new.

The company is based in Woodland Hills, California. It holds a California license (#2697) to operate as a premium finance company.

Quick Facts

How Walco Funding Works

1. Insurance Premium Financing

When someone buys insurance, they often must pay the full year’s premium at once. Walco pays that full amount to the insurance company for the customer. Then the customer pays Walco back in monthly payments over 9–12 months, usually with interest or fees.

This helps insurance agents offer payment plans without handling the billing themselves.

2. Service-Contract Payment Plans

Walco also offers payment plans for vehicle and home service contracts (warranties). These are often advertised as interest-free (0% APR) and no credit check.

Here’s how it works:

• A dealer or seller sells a service contract to a customer.
• Walco pays the dealer right away.
• The customer pays Walco back in fixed monthly payments.

The company says it has worked with dealers and marketers for over 30 years.

Is Walco Funding Legit?

Yes, Walco Funding is a licensed company in California. It appears in the state’s official list of premium finance companies.

But the company has a C+ rating from the Better Business Bureau (BBB). As of early 2026, there were 57 complaints in the past 3 years. At least one complaint was not resolved because the company did not respond.

Common complaints are about:

• Billing issues
• Trouble canceling payment plans
• Confusion about service-contract terms

This does not prove wrongdoing, but it shows customers should read terms carefully.

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Why Do I See Walco Funding Charges?

Some people see Walco Funding charges on their bank statements after buying a vehicle service contract or home warranty. Sometimes they did not know the payment would go through Walco.

In some cases, customers get an email saying Walco has “taken over” their service contract and will bill them monthly.

If you want to cancel:

• Call Walco at (800) 685-7096
• Ask for cancellation in writing
• Keep proof of cancellation
• Check your bank statements for more charges

Who Runs Walco Funding?

The company does not publish a list of its leaders online. LinkedIn posts show Walco was hiring staff like a Business Development Associate as recently as April 2026, which means the company is still active.

One document online mentions a COO named David Sitzman, but this is not confirmed by the company itself.

There is no official information about founders, CEOs, or owners in reliable public sources.

What Is Walco Funding Doing Now? (2025–2026)

As of 2025–2026, Walco Funding is still active:

• LinkedIn posts from May to August 2026 promote its payment plans for service contracts.
• The company says it helps dealers get paid upfront while letting customers pay over time.
• Its California license is still active as of July 2026.
• BBB profile was updated in July 2026, showing ongoing complaints and a C+ rating.

How Much Money Does Walco Funding Make?

Walco Funding is a private company. No reliable public sources show its revenue, profit, or owner’s net worth.

Some websites may show estimates, but these are not confirmed. It is best to treat such numbers as guesses, not facts.

1. What does Walco Funding do?
Walco Funding offers monthly payment plans for insurance premiums and for vehicle/home service contracts. It pays the provider first, then collects payments from the customer.

2. Is Walco Funding a real company?
Yes. It is licensed in California and listed in the state’s official directory. But it has a C+ BBB rating and customer complaints, so read terms carefully.

3. Why is Walco Funding charging my account?
These charges are usually monthly payments for a service contract or warranty that was financed through Walco.

4. How do I cancel a Walco payment plan?
Call Walco at (800) 685-7096, ask for cancellation, get it in writing, and check your statements for more charges.

5. Does Walco charge interest?
For service contracts, Walco advertises 0% APR (interest-free) plans. For insurance premiums, interest or fees may apply depending on the state and contract.

The Bottom Line

Walco Funding is a long-time finance company based in California. It helps people pay for insurance and service contracts in monthly payments.

The company is licensed and has been in business for many years. But it also has customer complaints about billing and cancellation.

If you use Walco’s payment plans:

• Read the terms carefully
• Keep all documents
• Know how to cancel if needed
• Watch your bank statements

For businesses, Walco offers a way to get paid right away while letting customers pay over time. But companies should know that some customers have had problems with payment plans.

Sources

Directory of Premium Finance Companies – DFPI – CA.gov

WALCO Funding, LLC Overview – TrustFinance

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