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Additional Information

Not BBB accredited

Additional Information for Cameco Credit Union

View full profile
Location of This Business
180 Northfield Dr W, Waterloo, ON N2L 0C7
BBB File Opened:
2/4/2018
Contact Information

Principal

  • Mr. Timothy Lander, Financial Advisor
Additional Contact Information

Fax Numbers

  • (877) 885-8125
    Primary Fax

Email Addresses

Business Alert

BBB's investigation into this business determined that it is a Advance Fee Loan company.

BBB has received information from consumers suggesting that this company is offering loans for an advance fee. Consumers state that they have applied for loans online. After paying thousands of dollars for a deposit or "insurance", consumers allege that they never received the loan promised by the company.

These schemes target individuals who are having trouble obtaining cash or credit. Customers are lured by advertisements promising "guaranteed" loans - regardless of credit history - for advance fees running between $50 to a couple thousand dollars. However, you must pay the advance fee, sometimes referred to an insurance, before obtaining the "loan".

In Ontario, it is illegal for a company to request an upfront fee prior to obtaining a loan.

If you believe you are a victim of an advanced fee loan company, BBB advises you to contact local law enforcement and the Canadian Anti-Fraud Centre at 1-888-495-8501

Tips:

- Beware of companies offering a guarantee on your loan especially if you have bad credit or no credit.
- Advertising through a recognized media outlet does not ensure that the ad was placed by a legitimate company.
- It is illegal for a company to request an upfront fee prior to obtaining a loan (insurance, administration fee, etc)
- If you are requested to wire funds through Western Union, MoneyGram, e-transfer, bitcoin, or to deposit funds in a bank account, it's most likely a scam.

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