Tuesday, October 25, 2011

BBB warns of loan scam - The Business Journal of the Greater Triad Area:

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According to the BBB, Bloomfield Lending Groupo advertises online and claims to be located at514 S. Stratforxd Road, Suite 110, in Winston-Salem. That officew suite has actually been vacant for severakl years and phone numbers the company providexs to customers arenot local, the warning Also, the N.C. Banking Commission has no information on the though Bloomfield claims to be licensed inthe state.
The company’xs Web site does not providd any contacttelephone number, only an e-mail The BBB’s warning also noted that the contractf customers are required to sign requires several monthl y payments in advance, which is prohibited by stater law as a condition of credit Warning signs of advance fee loan scamw include pressure to act immediately or an apparently lack of interest in the borrower’sx credit history.
The BBB said borrowerss should always request all necessary paperwork in advance beford deciding whether or not to apply fora loan, and they shoule carefully investigate any loan offers, particularly those that offer “fastg money” or “guaranteed approval.”

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