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Find a Location

Loan Broker Network has 1 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

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    Business ProfileforLoan Broker Network

    Multi-Level Sales

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 1 Customer Reviews

    Customer Complaints

    1 complaints closed in last 3 years

    1 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Business Details

    Location of This Business
    34 E Main St PMB 239, Smithtown, NY 11787-2804
    BBB File Opened:
    10/23/2023
    Years in Business:
    6
    Business Started:
    7/16/2018
    Type of Entity:
    Corporation
    Alternate Business Name
    • PFS E-Learning, Inc.
    • LoanBrokerNetwork.com
    Related Businesses
    Business Management
    • Mr. Philip F. Smith, Co-Founder
    Contact Information

    Principal

    • Mr. Philip F. Smith, Co-Founder

    Customer Contact

    • Mr. Philip F. Smith, Co-Founder

    Industry Tip

    BBB Tip: Multilevel marketing

    Customer Complaints

    1 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Customer Reviews

    1 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Janet O

    1 star

    04/26/2024

    I recently purchased the loan broker network service from LBN, starting with an initial payment of $997. However, I soon realized that navigating their online platform was incredibly challenging, especially since I lack IT skills. Despite the difficulties, I continued to invest in their services, paying an additional $3,000 and later another $5,000, with the promise that I would start making money and receive ample support.They claimed to offer weekly phone calls where the principal, **************, would provide guidance. However, these calls turned out to be nothing more than ************** using vulgar and obscene language while boasting about how easy it is to approach wealthy individuals and secure loans. It became evident that there was no real training or guidance on how to execute the process successfully.I had hoped to run this business from the comfort of my home, but it soon became clear that without proper training, the $5,000 I had paid was essentially wasted. Moreover, it seemed like every day they would introduce new ideas and demand more money, claiming that I needed to purchase additional services to succeed. It felt like a never-ending cycle of paying for something that never materialized.When I decided to file a claim with my credit card company, LBN immediately retaliated by kicking me out of their system. They blocked my access, changed my password, and made it impossible for me to log back in. It is evident that this is a complete scam.I have attempted to contact someone regarding this issue, but it has proven to be impossible. It seems like nobody is available or willing to address the concerns of disgruntled customers. LBN makes promises they cannot keep, leaving individuals like myself feeling cheated and deceived.In conclusion, I strongly advise against engaging with LBN. They lure you in with promises of success and support, only to take advantage of your investments without providing any substantial training or assistance. Total Scam!

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