Business ProfileforSierra Financial LLC
Additional business information
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven
On October 18, 2019, Michigan Attorney General filed a Complaint against Sierra Financial LLC, Dba Sierra Lending LLC. Charges filed allege the business is in violation of State Law prohibiting unfair, deceptive or abusive acts or practices when offering usurious rates, loan approval process, ability to automatically deduct money from a consumer's bank account. The business allegedly misrepresented contract terms over the phone, harassed or pressured consumers into signing up for loans, and refused to let consumers pay off their loans early. The business allegedly offered and are currently offering loans to Michigan residents with an annual interest rate greater than 7%, in violation of Michigan Comp laws.
The matter is pending.
At-a-glance
Related Categories
Overview
Business Details
This is a multi-location business.
- Location of This Business
- PO Box 647, Santa Ysabel, CA 92070-0647
- BBB File Opened:
- 10/17/2013
- Years in Business:
- 12
- Business Started:
- 10/8/2012
- Licensing Information:
- According to the Department of Business Oversight, payday lenders that are part of Indian tribes that are considered "sovereign" nations are not licensed with the department and do not fall within their jurisdiction. Complaints for payday lenders not licensed by the Department of Business Oversight can be accepted instead by the Federal Trade Commission. Consumers should carefully read and understand all of the terms of their loans because consumers may not have the same consumer protections as loans issued by a lender who is licensed by the Department.
- Type of Entity:
- Sole Proprietorship
- Alternate Business Name
- Sierra Financial
- Sierra Lending
- MyQuickFunds
- Additional Contact Information
Fax Numbers
- (877) 727-0525Primary Fax
- (888) 511-4982Other Fax
Phone Numbers
- (888) 435-8005Other Phone
Email Addresses
- Primary
- (877) 727-0525
Customer Complaints
0 Customer Complaints
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