137 inquiries | Advance Fee Loan Company
(866) 725-5218
Company Rating
F
Customer Reviews
based on 0 reviews.
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Complaint Experience
N/A
Membership Information
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 the company requires an advance deposit equal to 10% of the loan amount. Customers claim they are sending up to $1000 in advance as a deposit to obtain a loan. However, loans are not being provided. Some customers state they cannot reach the company to find out about their loans and others state the phone numbers are disconnected. The company failed to respond to any complaints presented by the bureau.
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Company Info
This company's business is providing loan services for an advance fee.
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Licensing
California law requires that companies advertising or offering to improve your credit record, history, or rating must be registered with the Attorney General's Office as a Credit Services Organization and post a $100,000 bond. To verify registration and bonding, contact the Office of the Attorney General by writing to; DOJ. Attn. Public Inquiry Unit, P.O. Box 944255, Sacramento, CA. 94244, by calling (916) 322-3360, faxing (916) 323-5341, or visit their website at www.oag.ca.gov.For businesses outside of California, please check with the agency that regulates this industry.
BCA has no information regarding government actions at this time.
We believe this company may be required to post a $100,000 bond and register with the California Attorney General's Office as a Credit Services Organization. Companies advertising the availability of loans, or offering to procure loans or credit must be registered. Even if registered, the California Credit Services Act prohibits the practice of collecting payments before providing services.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
BCA has no information regarding advertising review at this time.
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