Information and Alerts
Alert Details
This business has 1 alert.
Alert
Tips for avoiding an advance fee loan scam: - Avoid guarantees and unusual payment methods. Real lenders never guarantee a loan in advance. They will check your credit score and other documents before providing an interest rate and/or loan amount and will not ask you to pay an upfront fee. Fees are never paid via Green Dot MoneyPaks, iTunes cards, or wiring money. Unusual payment methods and payments to an individual are a big tip off. - Legitimate lenders never ask you to pay for processing your application. One exception is real estate; it is accepted and normal practice for lenders to request payment for a credit report or appraisal. - Never give out your credit card number, bank account information or Social Security number over the telephone or online unless you know with whom you are doing business.
Important Information
Believed to be out of business
According to information in BBB files, it appears that this business is no longer in business.
Additional Info
Tips for avoiding an advance fee loan scam:
- Avoid guarantees and unusual payment methods. Real lenders never guarantee a loan in advance. They will check your credit score and other documents before providing an interest rate and/or loan amount and will not ask you to pay an upfront fee. Fees are never paid via Green Dot MoneyPaks, iTunes cards, or wiring money. Unusual payment methods and payments to an individual are a big tip off.
- Legitimate lenders never ask you to pay for processing your application. One exception is real estate; it is accepted and normal practice for lenders to request payment for a credit report or appraisal.
- Never give out your credit card number, bank account information or Social Security number over the telephone or online unless you know with whom you are doing business.
Customer Complaint
IN February 2021, BBB received consumer complaint activity concerning Direct Financial Corporation LLC.
Specifically, complaint activity alleges the business is requesting wire transfer payments before issuing the loan, and then asking for more money. The consumer did not receive the promised loan.
To date, BBB did not receive a response.
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