275 inquiries | Scam
(888) 457-2570
http://feinberglgroup.com/
Company Rating
F
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This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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BCA's Summary and Analysis:
Complainants allege after applying for installment loans, the company asks for advanced fees to be paid - typically ranging up to $450.00 to secure the loan. After paying the funds and following directions from the company, instead of receiving the loan in their account the company typically contacts them for more fees claiming they are high risk; or the loan did not go through due to various problems; or claiming fees are to cover taxes, insurance etc. Applicants never receive the promised loan and refunds of advance fees are not issued.
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Company Info
Feinberg Lending Group is an advanced-fee loan scam business.
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Licensing
Companies offering finance lending services may be required to be licensed or registered with the California Department of Business Oversight. To check the status of this company's license or registration, contact the California Department of Business Oversight (DBO) at https://docqnet.dbo.ca.gov.
BCA has no information regarding government actions at this time.
Advanced-fee loan scams often involve schemers offering loans credit or connection to guaranteed lenders in exchange for a fee paid in advance. The fees are typically claimed to be to secure the loan or for other purposes such as insurance taxes application fees collateral first payments etc. Whatever the company calls the fee consumers should beware of any lender or company that requires money to be paid before a loan is issued.
Complaints typically allege after the upfront fees are paid no loan is ever issued and the company usually disappears. In some cases instead of issuing the loan the con artist requests additional fees to fund the loan claiming difficulty depositing the money or some other excuse. Or they may provide only a list of other companies where you can apply for loans. In the end the borrower is left with no loan and unable to obtain a refund of the fees they paid in advance.
Business Consumer Alliance (“BCA”) warns consumers of some of the telltale signs that you are dealing with an advance fee loan scam:
Tips
For more information on Advance Fee Loans and similar topics check out our BCA Resource Guides
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
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