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Business ProfileforAction Lending Group
Additional business information
Consumers have alleged that Action Lending Group offers advance fee loans. Advance fee loans are illegal in Canada and the US.
On March 29th, 2018, BBB checked Action Lending Group's website http://actionlendinggroup.com to determine when it was created and where it was registered. The website was created on February 21st, 2017 and is registered in Los Angeles, California. However, upon further investigation, as the website appears to be based in United States there are other countries involved. This site is using an anonymous service - which prevents BBB from identifying the site owner. Action Lending Group's website is in fact registered in Panama.
On March 29th, 2018, BBB confirmed with the property management company that Action Lending Group is not located at 303 Bagot Street, Kingston, ON. BBB urges caution when choosing whether to do business with a company whose physical location is unknown.
If you believe that you have been the victim of fraud, BBB suggests that you contact the Canadian Anti-Fraud Centre. http://www.antifraudcentre.ca
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 or MoneyGram, or to deposit funds in a bank account, it's most likely a scam.
At-a-glance
Business Details
- Location of This Business
- 303 Bagot Street, Kingston, ON K7K 5W7
- BBB File Opened:
- 21/2/2017
- Licensing Information:
- On March 22, 2017, BBB confirmed that Action Lending Group had not obtained a necessary license from the Financial Services Commission of Ontario, Ministry of Government and Consumer Services and the Office of the Superintendent of Financial Institutions.
Such a license is required in Ontario for businesses offering loans against "Personal Loans, Payday Loans, Car Loans, and Mortgages" under the Payday Loans Act, 2008.
BBB encourages you to contact the following agency or agencies to confirm this information:
http://loanandtrust.fsco.gov.on.ca/loantrust.aspx
https://www.consumerbeware.mgs.gov.on.ca/esearch/start.do
http://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/wwr-er.aspx?1
- Number of Employees:
- 1
- Additional Contact Information
Phone Numbers
- (888) 678-7773Other Phone
- (888) 678-7773
Customer Complaints
0 Customer Complaints
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